Trending...
- Truck Accessory Store Discusses Top Accessories to Make Trucks Better
- Inc. Names Talentica as a 2024 Power Partner Award Winner
- 10th Annual 100 Pretty Purses Benefit: Fill 2,000 Bags with Essentials for Women Veterans in Need
LONDON - illiNews -- Artscapy, a leading innovator in the art technology space, announces the launch of a new art-secured lending solution. A unique offering that leverages a proprietary data-driven ratings methodology will create new liquidity opportunities for art collectors and investors. This marks a significant shift in the way art is perceived and utilised as an asset class, providing collectors unprecedented access to capital through their collections.
"There is a new world emerging where art and finance converge," says Emilia De Stasio, CFA, COO and co-founder of Artscapy, and former ECB and Moody's Investors Service. "Art financing has transformed the way collectors engage with their collections. What was once considered an illiquid asset, locking up significant capital, can now be leveraged to unlock liquidity or acquire new works more efficiently. This shift adds another positive dimension to art's appeal as a passion investment."
More on illi News
Major banks and institutional lenders traditionally lack both the expertise and the appetite to engage in art financing, especially in the current interest rate environment. The ones that do engage with this market tend to focus on high-value assets such as multimillion Picasso or Monet works, leaving a large segment of the market underserved. This creates an opportunity for specialised players like Artscapy, who understand the art market and the power of data to make a massive impact. Indeed, Artscapy provides art-secured financing backed by a wide range of blue-chip artworks typically held by today's collectors, extending from unique works by leading artists to multiples, such as prints, by contemporary names including Damien Hirst, Andy Warhol, and Banksy.
Key Innovations in Artscapy's Art Financing Solutions:
More on illi News
The global art-secured lending market, currently valued at $30 billion, is expected to grow by 10% annually over the next few years. As collectors increasingly view their art as capital, the demand for art-secured loans continues to rise. Artscapy's innovative approach, driven by its Art Rating System, offers collectors new ways to manage their art portfolios and unlock capital from their collections.
www.artscapy.com
"There is a new world emerging where art and finance converge," says Emilia De Stasio, CFA, COO and co-founder of Artscapy, and former ECB and Moody's Investors Service. "Art financing has transformed the way collectors engage with their collections. What was once considered an illiquid asset, locking up significant capital, can now be leveraged to unlock liquidity or acquire new works more efficiently. This shift adds another positive dimension to art's appeal as a passion investment."
More on illi News
- Uber and CLEAR Partner to Enhance Rider Verification Program Nationwide
- Alaskan Artist Builds Business to Fight Global Exploitation Through Fashion
- Thomas M. Grange announces the new MAZDA6RED CLAN (MAZ6R), a unique World of Warships Clan!
- John Atencio Hosts Legacy Of Love Bridal & Diamond Event This November
- Dogma Systems lanza Security@Dogma: Solución Integral para la Seguridad de la Información
Major banks and institutional lenders traditionally lack both the expertise and the appetite to engage in art financing, especially in the current interest rate environment. The ones that do engage with this market tend to focus on high-value assets such as multimillion Picasso or Monet works, leaving a large segment of the market underserved. This creates an opportunity for specialised players like Artscapy, who understand the art market and the power of data to make a massive impact. Indeed, Artscapy provides art-secured financing backed by a wide range of blue-chip artworks typically held by today's collectors, extending from unique works by leading artists to multiples, such as prints, by contemporary names including Damien Hirst, Andy Warhol, and Banksy.
Key Innovations in Artscapy's Art Financing Solutions:
- Higher Loan-to-Value Ratios: Artscapy offers up to 75% Loan-to-Value (LTV) on art-secured loans, compared to the typical 50% or below offered by large institutional lenders. This generates liquidity for a wider range of collectors at more attractive terms than generally accessible today.
- Data-Driven Term Sheets: Utilising a structured data and ratings methodology, Artscapy provides fairer and more competitive terms, reflecting true market conditions. This innovation addresses a long-standing gap in the art financing space.
- Focus on the Mid-Market: Artscapy targets the underserved mid-market segment, including individual collectors and family offices, which represent 90% of art-lending demand. The company's solutions invite more collectors into the asset class, reshaping art's role in financial portfolios.
More on illi News
- Court Denies State's Motion to Detain Pre-trial a Naperville Man Accused of Shooting Another Man in the Chest
- Statement From Mayor Brandon Johnson on Resignation of Chicago School Board of Education President
- Fight or Flight.... at least one other option.... Anatomy and Psychology of a Crisis
- Vantiva's Targets for Net-Zero Greenhouse Gas Emissions by 2050 Validated by the Science Based Targets initiative
- Qualis welcomes Steven C. Miley as Vice President of Contracts
The global art-secured lending market, currently valued at $30 billion, is expected to grow by 10% annually over the next few years. As collectors increasingly view their art as capital, the demand for art-secured loans continues to rise. Artscapy's innovative approach, driven by its Art Rating System, offers collectors new ways to manage their art portfolios and unlock capital from their collections.
www.artscapy.com
Source: Niki Gifford
Filed Under: Technology
0 Comments
Latest on illi News
- Onestreet Residential Closes On Hearthside Riverdale Site
- Chicago: Mayor Brandon Johnson Launches Transparency Site Showing Road to Recovery Plan Spending and Impact
- Transform Your Date Night with Lick Pineapple Flavored Massage Oil – The Perfect Gift for New Relationships
- Eighth Blackbird Announced as Artist-in-Residence at the Athenaeum Center for Thought and Culture
- Alessia Moccia of E-uphoria: Bridging Fashion, Art, and Technology in NYC
- The Nature Conservancy, Partners Protect Water for People and Nature with Landmark Easement
- Attorney Eric Chun Joins Bisnar Chase Personal Injury Attorneys, LLP
- Capital Realty Group Has An Outstanding October!
- Naperville: City Council Ballot Lottery Scheduled
- Mayor Brandon Johnson and the Chicago Department of Housing Launch Program to Expand and Preserve Affordable Home Ownership Opportunities
- The United States Environmental Protection Agency (USEPA) is SEBAC's 2024 Award for Excellence winner
- Truck Accessory Store Discusses Top Accessories to Make Trucks Better
- Naperville Police Investigate Shooting on Testa Drive
- Author Riley G. Staliger Offers Tools to Escape Guilt-Driven Relationships AKA Obligationships Using Pop Culture
- Healthcare Consulting Firm, Coker, Announces Acquisition of NorthGauge Healthcare Advisors
- Kaplan Morrell Named Exclusive Workers' Compensation Firm for Greeley Fire Fighters
- Kearney Releases 2024 Global Cities Index
- Drive for Gratitude Significantly Impacts Veterans Well-being
- The Inner Circle acknowledges, Christopher C. Gillis, MD, FRCSC, FAANS as a Pinnacle Professional Member Inner Circle of Excellence
- The Voice of the Wooden Dragon is Latest Release from NFB Publishing