Scottsdale Loan Company Art Loans
At Scottsdale Loan Company, we can buy outright or lend you money on your fine art. Bring in your art and get fast cash as a loan or sell it to us. Our fine art buyers work with some of the most prestigious art appraisers and we will work to get the most for your piece. Whether you have a Monet, Degas, or a Renoir, we have the resource and expertise available to make any purchase or loan.
We take most artists with works valued at over $2,500. The list includes, but is not limited to:
Should you wish us to buy or loan on your Fine Art, please bring in any appraisals you might have, original purchase invoice (if available) and any research, literature etc. that is relevant to your art. While our staff is knowledgeable on fine Art, any documentation you have will help to appraise it correctly, and ensure that you get the maximum value out of your item for your art loan or art sale. Art is a field full of fakes, reprints, and all sorts of silliness due to the difficulty in verifying authenticity. The more information you can provide us, the more we’ll be able to assist you in both getting the most cash, and getting it to you quickly.
If possible, before you come in, contact us with an image of your artwork to ensure the fastest possible processing time of your loan or sale. There is often a considerable amount of research and phone calls required to price a given piece of fine art — as such, providing the information by e-mail ahead of time is often time well spent. We have a large proportion of customers that bring their artwork down to the store to start, which is good, but there’s a lot of time to be saved by simply calling ahead and letting us know what you have to loan.
For your security, all artwork is stored in a temperature controlled, secured environment, and is insured by Lloyds of London at the “Wholesale Value”.
Important Details About Art Loans
Art loans at Scottsdale Loan Company are written out as collateral loans, meaning that your art is being used as the basis for your loan. These loans are written out for 90 total days during which you have to make, that’s right, absolutely no payment! You can come back during the 90 days at any point whatsoever and pick up your item, there’s no penalty for prepayment. You’d simply have to pay off the interest accrued up to that point, meaning the sooner you pay back the loan the less you have to pay. Now, at the end of the 90 days the loan comes to maturity meaning that it is due. You have two options at this point: 1) pay off the principal balance plus the interest and we’ll give you your precious art right back, or 2) only pay off the interest accrued up to that point and we’ll be more than happy to extend the loan an additional 90 days for you.