Art collectors pawn Pollocks and Richters for millions in cash


Demand for art-secured loans continues to rise after jumping during market turmoil earlier this year, says Freya Stewart, who heads up The Fine Art Group’s art finance activities. While some investors are seeking to increase their cash holdings amid the uncertainty or to meet margin calls on pandemic-hit portfolios, others are now leveraging their collections to buy more works with live auctions set to resume soon. In a wide-ranging interview with CNNMoney’s Tanya König, Stewart also touches on recent deals, lending rates, art prices, and where to store works used as collateral (hint: Switzerland).