Young collectors are fuelling a boom in Basquiat-backed loans
Auction houses are on a lending spree
Buying art can be a nerve-racking experience. But investors have long been able to console themselves with the thought that, if their purchase plummets in value, they will at least have something nice on their wall. Now they can also console themselves that they will have something to borrow against.
This article appeared in the Finance & economics section of the print edition under the headline “Banking on Basquiat”
Finance & economics June 1st 2024
- Baby-boomers are loaded. Why are they so stingy?
- Young collectors are fuelling a boom in Basquiat-backed loans
- OPEC heavyweights are cheating on their targets
- Why any estimate of the cost of climate change will be flawed
- Foreign investors are rejecting Indian stocks
- Xi Jinping’s surprising new source of economic advice
- When to sell your stocks
From the June 1st 2024 edition
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