Oct
08
Carlyle in Art Financing Venture
ByFor the lucky few who are collectors of Rothkos and Modiglianis, there is a new lender in town.
The Carlyle Group, the private equity giant, has teamed up with Banque Pictet to offer loans to collectors using their art as collateral under a new business venture called the Athena Art Finance Corporation.
Wealthy collectors of art will be able to borrow against pieces they already own to buy more art, like pieces from artists like Willem de Kooning and Georgia O’Keefe that will go under the hammer in coming auction seasons at Sotheby’s and Christie’s, the company said…
Carlyle in Art Financing Venture
