Paul Aitken – Borro

Date6th June 2013
GuestPaul Aitken
MarketArt_finance
Topic
CompanyBorro

In this week’s episode of the ArtTactic Podcast, we’re joined by Paul Aitken, founder and CEO of Borro, a personal asset company specializing in short-term loans against luxury assets such as fine art, jewellery, watches and more. After being on the podcast nearly a year ago, Paul recalls how active the art lending landscape has been for Borro since then. Then, Paul shares his response to last month’s impressive Post-War and Contemporary auctions and elaborates on the ideal economic and art market conditions that induce the greatest amount of art lending activities. Also, he tells us how frequently collectors are borrowing against their artworks in order to finance additional art purchases and if he sees this trend growing in the near-future.