Art: Beyond Borders
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Citi Private Bank and Sotheby's
Art: Beyond Borders is a natural next step for Citi Private Bank and Sotheby's after a working relationship that has spanned four decades.
This is an exciting collaboration between two like-minded organizations in the world of art acquisition.
This year, Citi Private Bank celebrates the 40th anniversary of transforming the art world. In 1979 it pioneered the art advisory and lending industries with acclaimed art dealer Jeffrey Deitch, creating exciting opportunities for investors to use art as collateral.
Since then, our Art Advisory & Finance team has continued to lead the way by helping worldly and wealthy clients choose, finance, and buy artwork across multiple geographies.
Our professional art advisors specialize in international art collecting fields ranging from 9th Century American and Impressionist paintings to Modern and Contemporary art, as well as Chinese antiquities. They research the authenticity, condition, provenance, and pricing for acquisitions and sales, and provide collectors impartial, curatorial-driven advice and access to the international art market.
Our art specialists offer clients the ease of in-house art loan appraisals, allowing for discretion and confidentiality, and avoiding exposure of private art collections to third-party appraisers.
We have accepted internationally marketable paintings, sculptures, drawings and photographs of high quality and value as collateral for loans for 40 years. To ensure confidentiality, our own specialists evaluate the art for lending purposes and inspect it on an annual basis. Our art financing service is available to collectors who have significant liquidity and can pledge internationally marketable art as collateral.
Sotheby’s has been uniting collectors with world-class works of art since 1744. As the first auction house to build a genuinely international presence, Sotheby’s has been a global leader in understanding the value of art for generations.
In 1955, Sotheby’s became the first international auction house when it expanded from London to New York. It was also the first to conduct sales in Hong Kong in 1973, India in 1992, France in 2001 and the first international fine art auction house in China in 2012. Today, Sotheby’s hosts auctions in ten different cities and its Bid Now programme allows collectors to view all auctions live and place bids from anywhere in the world.
'Art knows no boundaries or barriers. A shared passion for art brings us together, across cultures, around the world.' - Suzanne Gyorgy, Global Head of Art Advisory & Finance, Citi Private Bank
Please get in touch to find out how we may help identify, acquire, or protect art for you.