In this category, you can find a grand range of digital books related to the financial aspects of art.
Art finance and art finance advisory are terms which relate to different financial services used by art collectors and artists and offered by banks, consulting firms and auction companies.
The term art finance usually relates to two actions. The first consists in acquiring an artwork by financing it rather than purchasing it. The second is securing a loan with an artwork and related properties.
Companies which are offering these services differ by the services provided that include art appraisal, art insurance, art purchase financing, art secure lending, provenance verification, curatorial services, market research and personal shopping services.
Art loans usually are services offered by art finance companies and made to finance new purchases or assist dealers to amass inventory.
With the crisis of 2008, many banks which were offering these services finished the process. However, new start-up companies started offering this services just to progress into the market.
Art financial practices are usually criticised as actions which support art crime. Indeed, these financial forms have a lack of transparency and encourage high-risk borrowing behaviours which result in high-level criminal acts.
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