Sotheby’s Financial Services (SFS) is an asset-based lending service. We enable clients to unlock the value of their fine art, collectible cars and other passion assets.
Our approach is fueled by Sotheby’s specialist expertise, data and market insights. With unparalleled knowledge of the value of fine art and luxury goods, our underwriting process is centered on one’s collection.
We are the only asset-based lender with access to institutional capital at scale, offering loans up to $250 million. We have originated more than $10 billion in loans since our inception.
Some clients use our services to fund future acquisitions. Others use the capital to pay estate taxes or facilitate traditional investments. Whatever your goals, we can help.
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Empowering great collectors with financial flexibility.
Core Product Offering
We offer three types of loans:
• Equity Loan: A 12- to 36-month loan that enables clients to unlock a portion of the substantial equity in their collection to create liquidity– all while continuing to own their property.
• Consignor Advance: Enables clients to tap into a portion of the expected proceeds from items consigned to Sotheby’s for upcoming sales.
• Acquisition Financing: Minimizes out-of-pocket cash required for future collection acquisitions by leveraging a portion of clients’ existing collection and the planned acquisition.
Please contact us to explore the myriad ways our services can help you achieve your ambitions.
Service & Expertise
• Finance across 70 categories including fine art, automobiles, whisky, wine and jewelry
• Receive expert valuations and confidential guidance
• Access up to $250 million based on valuation and needs
• Tenor between 12 - 36 months
• Maintain privacy with no personal financial disclosure or covenants required
• Keep your collection on display with an option for in-residence collateral in certain locations
Loan Process
We aim to close loans within six weeks of initial consultation depending on collateral and location, among other factors. In most cases, the loan process includes these steps:
1. Consultation: Initial conversation on your objectives and preliminary valuation occurs.
2. Term Sheet: Terms based on the preliminary collateral valuation are shared for review and agreement.
3. Diligence & Loan Documentation: Diligence and compliance review is conducted, and loan documentation with agreed terms is shared.
4. Funding: Loan documents are executed and funds disbursed.
5. Servicing: Dedicated client team supports you as your financial needs and goals evolve over time.
We offer three types of loans:
• Equity Loan: A 12- to 36-month loan that enables clients to unlock a portion of the substantial equity in their collection to create liquidity– all while continuing to own their property.
• Consignor Advance: Enables clients to tap into a portion of the expected proceeds from items consigned to Sotheby’s for upcoming sales.
• Acquisition Financing: Minimizes out-of-pocket cash required for future collection acquisitions by leveraging a portion of clients’ existing collection and the planned acquisition.
Please contact us to explore the myriad ways our services can help you achieve your ambitions.
• Finance across 70 categories including fine art, automobiles, whisky, wine and jewelry
• Receive expert valuations and confidential guidance
• Access up to $250 million based on valuation and needs
• Tenor between 12 - 36 months
• Maintain privacy with no personal financial disclosure or covenants required
• Keep your collection on display with an option for in-residence collateral in certain locationsWe aim to close loans within six weeks of initial consultation depending on collateral and location, among other factors. In most cases, the loan process includes these steps:
1. Consultation: Initial conversation on your objectives and preliminary valuation occurs.
2. Term Sheet: Terms based on the preliminary collateral valuation are shared for review and agreement.
3. Diligence & Loan Documentation: Diligence and compliance review is conducted, and loan documentation with agreed terms is shared.
4. Funding: Loan documents are executed and funds disbursed.
5. Servicing: Dedicated client team supports you as your financial needs and goals evolve over time.
We have partnered with clients across locations, collecting interests and backgrounds to empower a wide range of wealth strategies and collecting objectives. The below illustrative case studies outline a few of these strategies and how financing a collection can provide flexibility across a diverse range of goals.
Scott Milleisen
SVP | Global Head of Lending
New York
Ron Elimelekh
SVP | Chief Operating Officer and Chief Capital Officer, SFS
New York
Andrew D. Goldberg
SVP | Head of Collectible Cars
New York
Eliza Cuddy
VP | Lending Specialist, Americas
New York
Matt Conway
VP | Lending Specialist, Americas
New York
Fatima Ali
VP, Assistant General Counsel, SFS
New York
Nicholas Ricotta
AVP | Lending Specialist, Americas
New York
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SOTHEBY'S FINANCIAL SERVICES (SFS)
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SOTHEBY'S FINANCIAL SERVICES (SFS)
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