Falcon Fine Art has been featured in The New York Times, in an article discussing the growing appeal of art as collateral in a fickle market.
The article refers to Falcon Fine Art as one of two big self-financed lenders offering non-recourse loans secured by art. Since opening in January 2015, Falcon has arranged about $50 million in loans against high-value artworks, again at annual interest rates of about 7 to 9 percent.
Tim Hunter, Falcon Fine Art’s Vice President, explains how art financing can help prevent a fire sale if the market does take a dip – allowing individuals to monetise their art without selling.
To see the full article, please click here.