We’ve initiated the most innovative financing solution for art collections, the sale-leaseback. This entails a financial transaction in which clients owning fine art may sell portion or the totality of their collection to Artemus. We then subsequently lease the pieces back to them at a yearly rate.
The lease agreement provides the client with the option to repurchase the collection at any time during the lease at a per annum premium modestly above the initial sale price.
In an effort to broaden our support of the art world, we are now also offering art secured loans for those with shorter term credit needs. We specialize in asset-based financing using art, and art alone, as collateral.
We serve collectors, art dealers and galleries, wealth managers and other professionals:
• Collectors by allowing them to unlock the value of their collection while maintaining possession of the artworks.
• Art dealers and galleries by enabling them to secure liquidity to expand their operations and finance their inventories.
• Wealth managers, estate planners, lawyers and other professionals by providing them with additional flexibility to manage and monetize their clients’ collections.
HOW DOES IT WORK?
We review and appraise the art proposed as collateral. Upon determining the current fair market value, we issue a term sheet.
We perform extensive research allowing us to verify the provenance, ownership, authenticity and market liquidity of the art.
We then proceed to purchase the collection or artwork, and lease it back to you in the case of a sale-leaseback, or pay you the loan proceeds in the case of an art secured loan.
The whole underwriting process usually takes 2-4 weeks.
With a sale-leaseback, in most cases you keep possession of the art, and in all cases you have the option to purchase it back at any time during the lease.