Loan Against Artwork in Sandton

Loan Against Artwork in Sandton
March 23, 2023 gnuworld
loan against artwork

An original artwork is more than decor. It’s an investment asset that can appreciate in value.

At LoanAgainst, we can offer a loan against artwork in Sandton. It’s a quick, easy and discreet way to leverage the embedded value of an oil or watercolour painting, pencil or charcoal etching, sculpture or mixed-media composition without having to dispose of the asset.

Call us on 067 115 3453 or apply for a loan online. We can release funds within one full business day.

Why a loan against artwork can be a viable financial tool

The local art market is booming. In 2021, sales at galleries and auction houses reflected an annual year-on-year increase in turnover of 20%. Average prices rose by almost 60% over the same period.

Artworks by emerging artists like Phillemon Hlungwani, Blessing Ngobeni and Jane Alexander are realising record returns at top Sandton art galleries, such as Everard Read Gallery, Art Eye Gallery and 132 Gallery.

As loan amounts correlate with a percentage of the artworks’ appraised values, the available short-term capital from LoanAgainst is attractively high.

When to consider a loan against artwork

A loan against artwork is like any other loan. It has to be paid back within an agreed term. Repayment options typically range from three to 24 months.

To meet the financial obligations requires a steady income stream. If you default on the payments, the artwork used to secure the loan is sold to recover the losses.

Using a valuable asset as collateral carries some risk. It should only be considered if you’re completely sure about your ability to settle the loan in full and on time.

How to get a loan against artwork in Sandton

LoanAgainst offers a seamless online application process.

It involves completing and submitting the in-house application form via the official website, together with images of the artwork and any other records that may support the application.

Alternatively, a team of consultants are available to take your call at our centralised call centre.

A preliminary offer of a loan, based on the provided information, is immediately made via email or over the phone

If the available funding is suitable, the artwork is physically appraised at our offices in Sandton. A second, firm offer of a loan is relayed and an agreement is signed.

The artwork is handed over and the funds are transferred into your bank account.

Assets in our care are insured and safely stored in a high-security lock-up facility. Once the loan is settled in full, the artwork is available for collection.

Advantages of a loan against artwork vs. a traditional personal loan

The advantages of a loan against artwork include:

  • easy loan approvals
  • no credit checks or bank statements
  • completely confidential
  • applications processed within 24 hours.

Why use LoanAgainst Sandton as an asset-based finance provider?

LoanAgainst specialises in providing short-term asset-based loans to individuals and businesses.

We offer flexible repayment terms, competitive interest rates and the option to extend loan periods if payments are up to date.

If you need a fast, flexible loan against artwork in Sandton, call us on 079 726 4690 for more information or simply complete and submit our online loan application.