Saturday, May 23, 2020

Boom in Borrowing Against Art

Andy Warhol, Dollar Sign
Sotheby’s reports “a tenfold increase” in requests for loans secured by works of art. One reason: collectors’ estates face estate tax deadlines and cannot wait until Sotheby’s auctions resume to liquidate their artworks.

1 comment:

Jim Gust said...

Great link, JLM. It's going straight into all our publications.