The Fine Art Group

Brief

Gander & White were instructed to undertake the collection, transport and storage of artworks needed as collateral for funding loan monies for a young collector working with the Fine Art Group. The collector was seeking a 2-year loan of $4 million against his collection for a long-term ambition to found a private museum and display his collection to the public. However, with much of his capital invested in his expanding tech business, he was seeking to leverage the capital reserved for his art acquisitions.

The collector also wished to show his works in multiple international museums and The Fine Art Group was pleased to facilitate this request with our support.

Solution

The Fine Art Group identified six contemporary artworks that were suitable collateral. Not only was the collateral spread across the collector’s international residences but it also included a delicate work on paper and a monumental sculpture. Our worldwide presence, with facilities in the UK, France and the USA, enabled us to swiftly collect the collateral from the individual’s global residences. We packed and transported each piece in bespoke crates crafted by our crate makers.

To enable the collector to show his works at international museums, The Fine Art Group’s in-house legal team put in place all the necessary legal frameworks with the museums and the collectors. Gander & White worked with a network of agents belonging to the international fine art shipping network, ICEFAT, to carry out the shipping and installation of works in museums in Australia, Singapore and the UK. This enabled the collector to realise his personal ambition of exhibiting to the public in major retrospective exhibitions globally.

Challenges and Opportunities

The pieces chosen as collateral varied in size, media, and complexity to transport. A large sculptural piece required a gantry to move. We successfully de-installed and ultimately stored in one of our state-of-the-art fine art facilities. These facilities contain environmentally-controlled private rooms ideal for storing such high-value works.

The collateral also included a group of works on paper that required delicate and precise handling from beginning to end. These were transported to storage using a climate-controlled vehicle, where they were then placed in a secure and controlled environment. Both the collector and The Fine Art Group were confident that the artworks were in safe hands.

Freya Stewart, CEO of Art Lending at The Fine Art Group says: “It is important to me that our partnered service providers uphold the high-quality client service that we offer our clients. Gander & White enabled The Fine Art Group to facilitate every one of our clients’ needs as efficiently and professionally as possible.”