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03-31-2015, 08:59 AM #1
Reputation points: 1719
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- Aug 2014
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I often wonder about fine art lending, and how that might apply to things like collector vehicles. I wonder does Jay Leno have leverage against his collection? I know that here we are talking about trucks and backhoe loaders, but those who own fine art and collector cars are not exactly notoriously responsible, and I also know that art auctions in NYC can be leading indicators of hedge fund collapse. That said, I'm sure WBL is happy to loan against your Bobcat.
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03-31-2015, 10:06 AM #2
www.borro.com if your interested
WBL has no affiliation
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03-31-2015, 10:09 AM #3
Reputation points: 16720
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I don't follow this line of reasoning. To be in a position to acquire such collections is not born of financial recklessness or irresponsibility, in most instances. There will always be edge cases, mostly new money, but the majority of well curated collections are undertaken by prudent and financially sound parties. That being said, there is liquidity in collectors' markets, which is to some extent what makes collecting desirable outside of aesthetic and intrinsic pleasures.
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