​”Margin Calls, Death, Divorce & Bankruptcy”: Art Lending Market Booms As Rich Americans Scour For Liquidity  – Tyler Durden

“Margin Calls, Death, Divorce & Bankruptcy”: Art Lending Market Booms As Rich Americans Scour For Liquidity  “If you’re an owner and need liquidity now, you pause on selling and instead borrow against your art, waiting for better market conditions,” Adriano Picinati di Torcello, global art and finance coordinator for Deloitte, told Bloomberg, adding that’s sparked growth across the art-lending market.  A rising number of affluent Americans with fine art collections have called their wealth advisors, asking about creative ways to unlock liquidity while keeping the multi-million-dollar Andy Warhol painting on the living room wall – for family and friends to appreciate over…  — Continue at ZeroHedge News : Read More