ReleaseMyCapital.co.uk provides £75,000 art equity release against Nola worth £250,000 to fund house refurbishment

Release My Capital has completed a new art equity release loan of £75,000 for a Hertfordshire based contemporary art collector.

The art pawn loan loan was secured against one piece from his art collection, worth over £200K.

Whilst the pandemic has had an impact on the art world, one genre, the contemporary art market has in fact seen a surge, between June 2020 and April 2022. Many art enthusiasts and collectors have seen the value of their art reach substantial values.

This market growth trend has been reflected in the increasing amount of inquiries by investors and collectors looking for ways to diversify their investment portfoilio”, explains Paul Hilburn Release My Capital Director. “Art investment is another solid choice for our clients and we are delighted to be able to assist both existing and new clients in their passion by releasing this equity growth to fund new artwork or a dream project.”

The client, a collector of contemporary art for over a decade wanted to expand his collection in the street art genre and was presented with a once in a lifetime opportunity to acquire a famous and very rare piece from a high profile artist.

He approached to Release My Capital directly as the need to access funds within 48 hours was paramount. Within 1 hour of the application a virtual appraisal was completed via WhatsApp and an offer in principle was issued; subject to a final inspection and valuation.

Arrangements were made for our specialist art transportation partners to collect the artwork from the client’s home and transport it securely and safely to their dedicated bonded storage facility.

A complete and detailed inspection was undertaken to confirm the final valuation. Once verified were the funds were released to the client’s bank account within the necessary timescale.

“It’s always a pleasure to assist an art enthusiast expand their collection. Opportunities like this are indeed rare and our client trusted Release My Capital to release the funds to him within 48 hours.” Said Paul Hilburn.

Release My Capital also offers clients a ‘white glove’ collect and pack service at an extra cost. The drivers and technicians are fully insured and trained in handling fine art if they wish to have the art re-hung post settlement.

Discretion is paramount to Release My Capital, no credit reports are undertaken, and no search marks left on the credit file, assuring our client’s anonymity is at all times.

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Release My Capital are specialists in secured short-term loans on art and other luxury assets, including Cars, Property, Watches, Jewellery, Fine Wine and Art. Our short-term loans assist our clients in swiftly releasing up to £2 million of equity in their prized belongings.

No mark will be made on their credit report, and there is no need to travel as everything can easily be agreed from home. Release My Capital guarantee our clients privacy.

Family-run and privately owned, Release My Capital serves a broad range of clients throughout the United Kingdom.