Paul Aitken – Borro

Date23rd July 2012
GuestPaul Aitken
MarketArt_finance
Topic,
CompanyBorro

In this episode of the ArtTactic Podcast, we’re joined by Paul Aitken, founder and CEO of Borro, a new lending company who provides short-term personal asset loans against luxury goods such as fine art. First, Paul elaborates on the potential for growth within the art finanicng industry and explains how different entities within the art world are borrowing against their art. Then, he discusses how Borro has differentiated itself from other art lenders by creating a niche for themselves by offering loans even at the lower end of the market. Lastly, Paul details to what extent current economic conditions are influencing his valuations for different luxury goods.