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- Palm Beach, USA
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Thursday 25th April 2019
A young entrepreneurial collector working with The Fine Art Group’s advisory team to develop his contemporary art collection, was seeking a 2-year loan of $4 million against his collection. His long-term ambition is 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 lever the capital reserved for his art acquisitions.
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. The Fine Art Group utilized the services of fine art shipper Gander & White to undertake collection, transport and storage of all artworks needed as collateral for funding of loan monies. Gander & White has a worldwide presence, with facilities in the UK, France and USA which enabled swift collection of collateral from the individual’s global residences. These works were packed and transported in bespoke crates crafted by Gander & White.
The pieces chosen as collateral varied in size, media, and complexity to transport. The large sculptural piece required a gantry to move. This work was successfully de-installed by Gander & White and ultimately stored in one of the company’s 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.
Oliver Howell, European Managing Director at Gander & White, said of this project: “We were pleased to support The Fine Art Group in this international operation. The Fine Art Group offers an important service to art collectors and investors alike and it was a pleasure to once again work with a company who share our commitment to offering the best service to our respective clients”.
The collector also wished to show his works in multiple international museums and The Fine Art Group was pleased to facilitate this request, with the support of Gander & White, who work extensively with institutions. The Fine Art Group’s in-house legal team put in place all the necessary legal framework with the museums and the collectors, including establishing complex security structures, negotiating loan documentation, liaising with the museums, and organising insurance and logistics on the collector’s behalf. Gander & White worked with other 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 realize his personal ambition of having his works exhibited for the public in major retrospective exhibitions globally. He continues to build his collection with the Fine Art Group’s advisory team purchasing emerging artists on the primary market, as well as some established blue-chip artists.
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.”
When thinking about the international art market Miami is probably best know for Art Basel Miami Beach - and that was indeed the driving factor for setting up Gander & White Miami over twenty years ago. But beyond this, Miami has an abundance of beautiful houses - and with beautiful houses comes a wide range of fabulous Interior Designers. Here Joe Piotrowski who was instrumental to setting up our Miami branch gives his thoughts on why working with a fine art logistics provider should be a given for all of them.
New York art fair week is always one of our busiest times of the year; with our regular workload continuing alongside two major art fairs, meticulous planning and strategising is required to ensure that everything runs like clockwork. Here Francis Petit who started his Gander& White career working out of our Paris office and now heads up our New York operations shares his thoughts and reflections on how our teams manage an array of moving parts to allow all deadlines to be met on schedule.
To mark the first anniversary of the devastating forest fires that tore through Los Angeles and other parts of California, George Lacovara shared his thought on the extraordinary resilience of both Los Angeles itself and it's residents.
Anne Rogers founder of Amsterdam based studio and art advisory Culture A has built a career with so many accomplishments that it can without a hint of hyperbole be described in one word. Breathtaking. From an early stint at world renowned Interior Designer Peter Marino to a dazzling spell at Tiffany's where she was integral to the roll out of a multitude of new stores across the globe Anne brings more experience to the business she founded in 2017 than many of us could hope to gain in a lifetime. Working closely with a range of artists and creatives, Anne advises the whole spectrum of clients from private collections to corporate collectors & hotels to retailers and interior designers. Here she shares her in-depth insights on curating a private art collection for a superyacht and how businesses such as our own can assist in the process. Thank you Anne; you are truly unstoppable.