Below you will find answers to frequently asked questions about our Art Loans service. If you can’t find the answer you’re looking for below, please contact us.
Atelier Art Finance will consider highly valued fine art. We do not not accept jewelry, antiques, collectibles or any other type of assets.
Loans start at a minimum of $250,000.
Loans are structured to last up to two years. Loans that expire can often be reset for an additional term. Loans can be paid off at any time during the term of the loan, with a minimum of six months of fees due upon cancellation.
Most Atelier Art Finance loans are structured as asset-based or non-recourse, and are secured by the underlying art assets. In most cases, AAF loans do not require personal or other asset guarantees. Loans are generally offered for a fixed-term and at a fixed-interest rate.
AAF acts as both a principle and an intermediary in funding loans. As a principle, funds are loaned directly by the company. As an intermediary, we manage all aspects of the loan from start to finish. Our goal is to provide you with the best rates in the industry, coupled with outstanding service.
Typically, it takes less than two weeks from the initial contact to receipt of funds. In some instances, loans can be secured within a a few days. The time varies with the complexity of the loan and the punctuality of the borrower in supplying AAF with the necessary loan documentation and artwork.
Loan proceeds cane used for any lawful purposes.
In the event of a default, AAF will assist in selling the underlying art collateral in the most expeditious and efficient manner. Artworks are sold via auction, private sale, or through our affiliate company Ackerman’s Fine Art, LLC.
You can obtain your own insurance or we can arrange insurance for you.
Depending on the art in question, we will use one or a combination of the following: our own expertise; that of noted experts; auction house estimates, and professional appraisals. Typically, we loan up to 50% of the value of the work or collection.
Interest rates vary based on several factors: Liquidity and quality of the underlying art, duration of the loan, size of the loan, and the loan to value amount.
Works are stored in an approved art storage facility.
Yes. With sufficient notification, viewing arrangements will be made by Atelier Art Finance with the corresponding art storage facility.
Yes. We provide bridge loans which enable you to obtain cash prior to the sale.
Yes. Upon the approval of Atelier Art Finance. A pay-down agreement and its terms are included in the original documentation of the loan.
Art sales can also be made through our affiliate company, Ackerman’s Fine Art, at any during during the loan term.
Although Atelier Art Finance does not make purchases, artworks can be sold or consigned through our affiliate company Ackerman’s Fine Art.
Yes. We offer of plethora of advisory services, such art authentication, art evaluations, and assistance with sales and acquisitions. We offer many of these services at our affiliate company Ackerman’s Fine Art.
Yes. Consignments are accepted at the discretion of our affiliate company, Ackerman’s Fine Art.
Yes. AAF allows borrowers to obtain a loan while their art is consigned for sale with our affiliate company Ackerman’s Fine Art. This allows borrowers to unlock the value of their art in order to obtain a favorable sales price.