Resources · Financing and insurance
How art-secured loans and art insurance work, and what lenders and insurers ask for.
By OxiArt
Banks and specialist lenders can lend against art, and insurers can cover it against loss and damage. Both depend on the same things: a clear title, good provenance, a recent appraisal and a known location.
A lender values the work (usually from an appraisal), lends a share of that value, and holds a charge over the work until the loan is repaid. Some lenders let you keep the work at home; others require it in approved storage. Expect to show ownership documents and certificates.
Some galleries and financiers let collectors pay for a work over time. Read the terms: who holds the work until it is paid for, and what happens if a payment is missed.
An insurer will want a value (an appraisal for insurance), photographs, the location and how it is kept. Review the value every few years, and tell the insurer before moving or lending a work.
Authorised banks, financiers and insurers are listed under Partners. Ask them questions on their pages; arrange the service with them directly or on their Oxishops shop.
This guide is general information, not financial, legal or investment advice. Speak to an authorised adviser about your own situation.