Citi Private Bank is a business of Citigroup Inc. (“Citigroup”), which provides its clients access to a broad array of products and services available through bank and non–bank affiliates of Citigroup. Not all products and services are provided by all affiliates or are available at all locations.
Citi Private Bank Art Advisory & Finance is a comprehensive fine art consulting service that provides collection administration, estate consultation, philanthropic planning, and art financing. The Art Advisory Service charges an annual retainer that varies depending on the scope of the project and the size and locations of the collection, as well as transaction fees for buying and selling works of art. Clients must sign an Art Advisory Service Agreement. Those who are not clients of Citi Private Bank must meet certain thresholds and open an account. Prospective clients will be referred to a Private Banker for guidance through the process of opening an account. Citi Private Bank clients must sign an Art Advisory Service Agreement. Alternative assets such as art are speculative, may not be suitable for all clients, and are intended for those who are willing to bear high economic risks. Citi Private Bank Art Advisory & Finance does not advise clients how to profit from the purchase of art or guarantee that a particular piece can be sold or otherwise used for a financial transaction for any amount including an amount equal to the purchase price.
Art loans are extended to qualified borrowers on a secured basis. All loans and lines are made by Citibank, N.A. or an affiliate, equal opportunity lenders, and are subject to Citibank’s or such affiliate’s qualifications, underwriting guidelines and credit approval.
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