Falcon Group Funds Collected Art
London -- Tim Hunter, the former Director of Impressionist and Modern Art at Christie's, is spearheading Falcon Fine Art, a fine art subsidiary of the Falcon Group aimed at offering financial innovation to this underutilized asset.
Art collectors of Art Kabinett social media network can employ his expertise to leverage their valuable artworks.
The Falcon Group has established Falcon Fine Art (FFA) – a new division of the group aimed at enabling high-net-worth individuals to raise finance against works of fine art. In many cases FFA allows collectors to retain possession of their artwork.
Focusing on Old Master, Impressionist, Modern, and Post-War art, FFA leverages Falcon Group’s 20-plus years of structured financing and asset-based lending expertise to offer a unique formula for art financing that allows collectors to generate liquidity while eliminating the need to sell the work.
Unlike many of its competitors, FFA finances art using its own balance sheet, doing so purely on an asset-backed basis. This means FFA does not influence or manage collectors’ portfolios.
“Art is a resilient and highly valued asset class,” explains Kamel Alzarka, Chairman of Falcon Group. “Many high-net-worth individuals have these assets – perhaps purchased as an investment, or simply for pleasure – hanging on their walls. FFA allows them, in most cases, to keep the art on their walls, but also tap its value."
Joining as Vice President of Falcon Fine Art, Dr. Hunter was a Director at Gurr Johns Ltd – one of the UK’s leading art advisory firms.
Previously, he spent 16 years at Christie’s International Auction House, holding positions as Senior Director in the Old Master and British Picture Department, Head of 19th Century European Art, and Director of Impressionist and Modern Art.
He regularly sits on the Reviewing Committee for the Export of Works of Art, and acts as an adviser to several national museums as well as the Arts Council. In 2014, Hunter was elected a Fellow of the Society of Antiquaries.
Hunter brings in his extensive knowledge of the art world – helping art collectors to maximize and enhance their portfolios.
“Through combining my knowledge of the art world with Falcon Group’s expertise in structured and innovative financing solutions, Falcon Fine Art is able to bring something new and sophisticated to the art market,” explains Hunter.
Falcon Fine Art (FFA), is the trading name of a group of companies aimed at providing financing on a collector by collector basis.
A division of specialist financier Falcon Group, it enables clients to raise finance against their art – generating liquidity while eliminating the need to sell the work.
The Falcon Group, established in 1996, has offered over US$7 billion in funding for its clients in the past five years.
Here is a link to the Falcon Group website. http://www.falcontradecorp.com/index.html
Today's homepage Featured Art Video interviews Falcon Group executives who explain their investment strategy. http://www.youtube.com/watch?v=1DzUUMGtFuA&sns=em