Shinnecock Partners announces www.ArtLending.com. Its newly launched website provides critical information on how to secure a loan against fine artworks for collectors and art dealers/gallerists, a $68 billion-dollar market of annual transactions. Shinnecock has balanced their seesaw between art loan origination with this new website tool and their own art lending fund detailed on www.Shinnecock.com.
Deloitte Touche Tohmatsu Limited and ArtTactic noted in their Art & Finance Report 2023 that investments in collectibles is substantial and growing.
- 88% of wealth managers recommend collectibles as part of a diversified portfolio.
- Based on estimates in the Knight Frank Wealth Report 2023, there is approximately $1.62 trillion in art collectible wealth.
- Lending against these collections has burgeoned including corroboration by the Los Angeles Times in their article of August 1 https://www.latimes.com/business/story/2023-07-31/art-secured-loans