Using your Assets Wisely: Fine Art as Collateral

Using your Assets Wisely: Fine Art as Collateral

Strong secondary markets, or how the art sells at an auction level, is extremely important when it comes to determining if a piece of art is eligible for a loan. Chicago Loan Company, an upscale pawnshop in Chicago, Illinois, is well-known for making collateral based loans on fine art. While the company makes pawn loans ranging anywhere from a few hundred dollars into seven figures, it can be particular about the art that it loans against.

Famous Artists’ Work For Collateral

Contemporary household name blue-chip artists, like Jeff Koons, Andy Warhol, Ed Ruscha, Roy Lichtenstein, Damien Hirst, Kaws, Jean-Michel Basquiat, and David Hockney, typically have strong auction records and make great collateral for a short term nonrecourse loan.

Why Chicago Loan Company?

As the oldest continuously-operating pawnshop in the United States, Chicago Loan Company has strong expertise in modern and contemporary fine artists, and loans on all mediums of art, ranging from original paintings, lithographs, mixed-media, photographs, and sculptures. In addition, Chicago Loan company also works with emerging artists including Oscar Murillo, Math Bass, Mary Weatherford and Jonas Wood. Please email art@newyorkloan.com or call 312-236-2929 to inquire about selling or pawning your art with Chicago Loan Company.

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Using your Assets Wisely: Fine Art as Collateral
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Using your Assets Wisely: Fine Art as Collateral
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Strong secondary markets, or how the art sells at an auction level, is extremely important when it comes to determining if a piece of art is eligible for a loan. Chicago Loan Company, an upscale pawns