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The Rich Can't Sell Their Art, So They're Borrowing Against It
Analysis August 18, 2024 at 07:44 AM
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What You Need To Know
- As the art-lending market expands, Wall Street's biggest firms are adding staff and marketing the service to new and existing clients.
- Big banks want to broaden their work in the art market to bring on and retain some of the world's wealthiest individuals and families.
- The larger the collection, the more flexibility there is for the borrowers.
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