Art Finance

Andrea Danese

Andrea Danese – Athena Art Finance

2 October 2016
In this week’s edition of the ArtTactic Podcast, Andrea Danese, CEO and president of Athena Art Finance, speaks to us about Athena’s practices.

Andrea Danese also illuminates on Athena’s position within the art financing space. Andrea tells us how much potential he sees for the nascent art financing industry in the future. Art financing is still a new concept to many, he reveals to what extent clients reach out to Athena.  Andrea explains how Athena directly engaging with individuals. Educating them about their product and the ability to borrow against their collections. After, Andrea walks us through the process of how Athena lends against an artwork.  He also clarifies some of the decisions and processes involved as a lender. Lastly, as the art financing space continues becoming more competitive, Andrea shares with us where he see Athena fitting into this competitive landscape.

Listen
Katie Kennedy Perez

Katie Kennedy Perez – Kennedy Fine Art

10 May 2016
In this week’s episode of the ArtTactic Podcast we speak with Katie Kennedy Perez.

Katie Kennedy Perez is founder of Geneva based Kennedy Fine Art, which provides valuations for art financing companies.

In the first instance, Katie gives us a sense of the size of the art lending industry in Europe. Katie shares to what extent the art lending industry is has grown in the past few years. She reveals if it has become difficult to value art given recent global economic volatility.  Additionally Katie explains why Europe needs to regulate this area of the market as occurs in the United States.

Lastly, Katie shares her opinion on the strength of the contemporary art market currently in Europe.

Listen

Paul Becker – Art Money

9 April 2015

In this week’s edition of the ArtTactic Podcast, Paul Becker, CEO of Art Money, talks about his new Australian-based firm which offers interest-free loans to art buyers. First, Paul tells us about the inspiration for the concept as well as walks us through how an individual seeks a loan through his company. Then, he talks about the success of other companies throughout the world that offer interest-free loans to art buyers, while pointing out that his firm is for profit, while existing companies are typically government backed entities. Lastly, Paul speculates if his business could be successful in the future in major art markets such as New York or London.

Listen

Paul Ress – Right Capital

30 September 2014

In this week’s episode of the ArtTactic Podcast, Paul Ress, founder and managing director of Right Capital, an art and finance firm, joins us to discuss the art financing landscape. First, Paul identifies some of the most common scenarios in which a collector may borrow against their collection. Then, he touches on the competitive nature of the art financing industry as well as what challenges the industry must overcome in order to continue to grow in the future. Lastly, Paul shares from his experiences to what extent dealers and galleries are receptive to the idea of art lending, especially when they are in need of liquidity.

Listen

Paul Ress – Right Capital

30 September 2014

In this week’s episode of the ArtTactic Podcast, Paul Ress, founder and managing director of Right Capital, an art and finance firm, joins us to discuss the art financing landscape. First, Paul identifies some of the most common scenarios in which a collector may borrow against their collection. Then, he touches on the competitive nature of the art financing industry as well as what challenges the industry must overcome in order to continue to grow in the future. Lastly, Paul shares from his experiences to what extent dealers and galleries are receptive to the idea of art lending, especially when they are in need of liquidity.

Listen

Michael Moses – Mei Moses Index

22 August 2014

In this week’s episode of the ArtTactic Podcast, Michael Moses, co-founder of Beautiful Asset Advisors and the Mei Moses Index, joins us to discuss the trend of art flipping and if it is occurring more frequently in the current art market compared to in the past. First, Michael defines two types of art flipping, one which is measured by the duration of time in which an artwork appears then re-appears at auction and the other, in which an artwork is sold at auction only a short period of time after being created. Analyzing the first type of art flipping, Michael tells us that while on average the holding period of an artwork has decreased over time, the current holding time is actually barely longer than it was over the past few years during the art market peak.

Listen

Pierre Valentin – Constantine Cannon

15 September 2013

In this week’s episode of the ArtTactic Podcast, attorney Pierre Valentin speaks with us about several of the legal components of art financing. First, Pierre breaks down the current state of the industry, detailing the different types of lenders in the US & Europe. Then, he lists some of the obstacles Asia faces as art financing begins to expand in this region. Also, Pierre touches on what due diligence is standard for lenders and touches on some of the key differences between art lending in the US and Europe.

Listen

Paul Aitken – Borro

6 June 2013

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.

Listen

Shelley Fischer – Medallion Fine Art

1 May 2013

In this week’s episode of the ArtTactic Podcast, Shelley Fischer, president of Medallion Fine Art, speaks with us about their entrance into the art lending industry. First, as the number of art financing firms continues to increase, Shelley helps us differentiate the various types of lenders and explains how Medallion distinguishes itself from these other companies. Then, she illustrates the wide-ranging types of persons and companies who are actively borrowing against their art collections. Also, Shelley discusses how various economic conditions can impact the art financing landscape and she shares her predictions on the future direction of the industry.

Listen

Amanda Coulson & Uli Voges – Foundation

4 April 2013

In this week’s episode of the ArtTactic Podcast, we have a 3-way pod as we’re here with Amanda Coulson and Uli Voges, co-founders of Foundation, a new company offering financial products to its art gallery members including a first in the art market, the offering of factoring. First, Amanda and Uli explain how via factoring, for a small fee, Foundation provides cash advances to galleries shortly after a work has been sold and invoiced. Then, they put in perspective how prolific of an issue is liquidity struggles for galleries in the art world. Amanda and Uli also speculate why factoring hasn’t been previously offered in the art world, why factoring makes more sense for most galleries versus lending against their inventory and how galleries have responded thus far to the idea of utilizing factoring.

Listen