[karibo]

I'm looking to get a loan against a piece of art in the UK and would like help, advice and any recommendations about how to do so.
I'm a novice to this and don't know what I should be looking out for.
I'd also be grateful for any recommendations.
Thanks.

[Humble Art Collector]

I do not know anything about your situation but my guess is you would be better off selling the art and not have the debt hanging over your head.  If you need to take a loan against a piece of art you probably are in a position where you will not be able to pay the load back quick enough and will end up losing it anyway.  Odds are the art will also not appreciate enough to make it worth taking the risk and trying to hold on to it basically the fees on the loan with be greater than the appreciation. 

[wave]

Quite a few galleries offer ‘own art’ which is a 10 months interest free payback scheme.

[LJCal]

Is this a piece you own or are looking to buy? Can you give a brief overview of the situation? Thanks

[karibo]

Thank you all for your advice.
Unfortunately the piece isn't a Bansky.

I have a consignment in a June sale and if sold at estimate will take another 45 days to receive payment.
I'm looking for a short term loan using another piece of art to bridge the gap.

Hope this makes sense.

[Eton Groover]

Basically you need an upmarket pawn shop by the sounds of it.
They may not offer much against art is it’s pretty illiquid and variable

[karibo]

Haste and urgency sometimes prevents me from seeing the woods from the trees, so I'm grateful and appreciative of each of your comments.
Thanks again.

[LJCal]

These guys do plenty of lending against art:
unbolted.com/uk/
Not cheap but it all depends what you’re using the funds for. They’ll lend around 50% of low estimate depending on the work.

[rogerwu99]

the auction house typically will give you a loaner. Or you can go to Athena Art Finance, Bank of America, or a few other banks have art lending arms depending on the amount. Otherwise a few individuals i know in the US would loan you ... rates typically are about 2% per month with some origination fee.

[phildart]

Look at borro.com