Press
Art financing with Mr.Asher Edelman, founder and CEO of ArtAssure and Artemus
According to an Art and Finance report published last year by Deloitte and ArtTactic, in 2017 only the US art secured lending market estimated to be worth between $17bn and $20bn, which represented 13,3% growth from 2016. Emerging art financing techniques provide short term liquidity that previously was unavailable. This makes art investment much more attractive and evident to more people. Established in 2014, Artemus is one of the leading art secured financing providers, established in New York City, but offering services globally. ArtLaw.club had a conversation with Mr. Asher Edelman, founder and CEO of Art Assure and Artemus, about the financing processes and current standing of the global art market. Read more
In debt we trust: the rise of art-secured lending
Warhol or a Wool hanging on your wall may give you great pleasure, but it used to be that art gave you no monetary return—unless you sold it. No longer. Today that work of art can remain on your wall and at the same time give you cash in hand, allowing you to buy more art, inject some money into your business, cover a guarantee at auction or pay off an urgent tax demand. Borrowing against art poses specific problems because of its portability, its heterogeneous nature and difficulty in establishing a reliable price. And yet, according to a report published last year by Deloitte and ArtTactic, in 2017 the global total of loans outstanding against art was eye-popping: between $17bn and $20bn. Read More
ART-SECURED FINANCING: WHAT YOU NEED TO KNOW
Growing numbers of art investors are releasing the value of their collections through art-secured financing. Jenny White explores how this trend is transforming art as an asset class. Historically, it was difficult to release the value of your art collection without making a sale, but in recent years a growing number of solutions have emerged to help investors access the value of their assets while retaining ownership. This has increased the attractiveness of art as an asset class, says Rayah Levy, founder of art investment company ArteQuesta. “Being able to use art as collateral has positioned art as one of the firmest and most conservative approaches to growing wealth,” she says. “As many investors and financial institutions have become over-leveraged, the value of artwork is a clear source to create liquidity. Read More
The Economist: One World Trade Center | Art fit for a skyscraper
STANDING 1,776 feet (541 metres) and 104 storeys tall, One World Trade Center opened its doors in Manhattan this week after 13 years of construction costing $3.9 billion. One of the many sensitive choices relating to a building conceived in difficult circumstances—it occupies a spot by the Twin Towers that collapsed after the terrorist attacks on September 11th 2001—was the selection of the art that adorns the lobby walls. Read more.
Revolt Magazine Features Asher Edelman on Art and Economics
Revolt Magazine - Asher Edelman can be described as standing, prominently, between 2 worlds. His Wall Street career, beginning in the 1960's, in investment banking, money management and derivatives trading not only brought renown but enabled him to build significant collections of contemporary and Modern art as well as antiquities. Read more.
Alberto Giacometti’s unique “Torse de femme” featured in MOSS, an auction of art and design
ArtDaily.org - Phillips de Pury & Company announces MOSS, an auction of art and design including works from the personal collection of Murray Moss and Franklin Getchell, founders of Moss, a beloved New York design institution. The auction, prefaced by a ten-day exhibition, will juxtapose contemporary and historical design with paintings, sculpture and photography. The assemblage was done in collaboration with ArtAssure. Read more.
MOSS: An auction of art and design at Phillips de Pury & Company features Frank Stella’s Brit (Q-6)
ArtDaily.org - Phillips de Pury & Company announces MOSS, an auction of art and design including works from the personal collection of Murray Moss and Franklin Getchell, founders of Moss, a beloved New York design institution. Read more.
Artinfo Features MOSS in its Essential Fall Design Exhibitions in New York
Artinfo.com - Following the gestalt theory that the whole is greater than the sum of its parts, design maven Murray Moss pairs highlights from his venerable design collection — pieces by Maarten Baas, Hella Jongerius, and Studio Job, for example— with various blue-chip artworks to create thought-provoking vignettes. A 10-day viewing provides the opportunity to ogle these intellectual fugues before they hit the auction block. Read more.
ArtAssure Sponsors Upper East Side Art Crawl
Artlog.com - On Saturday, June 9, join ARTLOG and ArtAssure on an Upper East Side Crawl, an exciting opportunity to explore the area’s famed galleries and hear directly from the curators. The galleries of the Upper East Side are world-renown for their collections of both historic and modern art, presented in some of the most beautiful spaces in Manhattan. The exhibitions on the crawl span 19th-century portraiture to contemporary painting. Read more.