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Collateral Loans on Fine Art – A Quick Lesson on Cubism

New York Loan Company, the leading luxury pawnshop in Manhattan, grants loans on fine art.yThis includes both modern and contemporary artwork, particularly pieces associated with household name artists and thus strong secondary markets. There are many facets to modern art including Cubism, Pop-Art, Abstract Expressionism, and Photorealism to name a few.

Cubism might be one of the most well-known and influential art movements to ever take hold, the avant-garde front transformed European painting and sculpture. Cubism was originated by both Pablo Picasso and Georges Braque in the early 20th century, who were friends and collaborated regularly in Paris.

Other artists who became closely associated with the style include Jean Metzinger, Juan Gris, and Robert Delaunay – all artists who have strong markets and can be used as collateral with New York Loan Company.

Cubism granted the artist and viewer a new perspective on common scenes with geometric abstract styles. Picasso’s famous paintings including Les Demoiselles d’Avignon and The Girl with a Mandolin are prime examples of cubism and the inspiration for a new art movement.

Please contact New York Loan Company to inquire about a pawn loan on modern or contemporary artwork.

How to Obtain a Pawn Loan on Contemporary Art

There are hundreds of recent articles about the “new art market” and how contemporary art is revolutionizing the way collectors and investors are purchasing. New York Loan recognizes that while the market is always fluctuating, their unique ability to provide pawn loans against fine art remains in demand.

“We’ve watched the art market change significantly over the decades,” said Jordan Tabach-Bank, owner and CEO of New York Loan Company and its sister store Beverly Loan Company. “The one thing that remains consistent for collectors and investors alike is the necessity for a short term, cash loan.”

New York Loan Company specializes in pawn loans against modern and contemporary artwork, including pieces from David Hockney, Roy Lichtenstein, Damien Hirst, Frances Bacon, Andy Warhol, and Keith Haring. These are established artists with household names that have proven to be successful for the long-term. While New York Loan has expertise with these artists and many like them, they also acknowledge that there are many popular and thriving artists out there that may not have the same household-name success, which is why they are always happy to discuss a client’s art, whether the artist is well recognized or not.

When pawning artwork with New York Loan Company many factors must be considered, including the medium, condition, aesthetics, edition number, and the secondary market. The market of each individual piece of art is very different. An artist may have a very strong market for oil paintings, but their sketches might sell significantly lower. 

What is needed to pawn fine art at New York Loan Company? Provenance. The most important aspect of pawning fine art is possessing the proof that your artwork is indeed authentic, and that you are the legal owner. Examples of provenance include: Auction records, receipts, certificates of authenticity and appraisals. This kind of paperwork is necessary for New York Loan to purchase or pawn fine art.

The art world will most certainly continue to fluctuate, and New York Loan will be ready to lend money on fine modern and contemporary art – with new and established artists alike. If you’re interested in obtaining a loan on fine art, or just want more information, please contact New York Loan Company here

To find out more information about either location, please contact us via telephone at 212.997.5626 or via email at info@newyorkloan.com.