Swiss financial services group REYL Group has joined forces with art advisory business LINK Management to launch Griffin Art Partners, a Luxembourg-based securitisation platform focused on art lending.
Griffin will offer one to three year against artwork for a minimum amount of €1m and in exchange a borrower will be required to store the artwork with a third party depository or a free port.
Go deeper with GlobalData
Artwork covered by the platform may range from old masters to contemporary art and need to comply with strict eligibility criteria, REYL said.
The platform will be available in several jurisdictions including Switzerland, Luxembourg and the UK.
REYL Private Office (Luxembourg) will be responsible for managing the platform and will serve as the bondholder representative.
LINK Management director Aymeric Thuault said: “Griffin Art Partners endeavors to become one of the leading independent art lenders in Europe by offering a competitive and flexible non-recourse financing solution for art professionals and collectors.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
