Art lending business is booming, according to the first comprehensive poll of the industry, conducted by the research firm Skates and due for publication on Tuesday, 4 August. The report calculates that art loans could account for more than $10bn in 2015, at least twice the 2011 level, and could grow to become a $100bn market.
Driving business is the growth of art sales at the top levelswhere lenders feel confident that a work could retain most of its value over the longer term. Skates identifies the $1m-$5m and the over $20m ranges as the most liquid art-market segments today.