Art as Collateral: Overcoming Special Challenges for Lenders

May 25, 2010
Herrick, Feinstein LLP

2 Park Avenue, New York, New York

Lending against art collateral, whether a personal collection or a dealer's inventory, presents special credit risks. Our panel discussed the due diligence and documentation issues one needs to master to succeed in the art lending world.

Topics discussed:
How to assess authenticity
How to identify important gaps in provenance and what to do about them
Title insurance
Fine art casualty insurance
Immunity from seizure
Collectors as dealers, consignments and other treacherous areas of the UCC

Panelists:
Lawrence Kaye, Herrick, Feinstein LLP
Stephen Selbst, Herrick, Feinstein LLP

Resources