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Story summary
- The global art loan market is valued at $38–$45 billion and is projected to exceed $50 billion by 2028, growing 12% annually.
- Wealthy collectors, including private equity and hedge funds, use art loans to access cash without selling artworks.
- Leon Black's $484 million loan backed by art exemplifies this trend.
- Art loans offer tax benefits by avoiding capital gains taxes, and momentum has grown since a 2017 tax change.
