Art

With the global art markets expanding in new and exciting ways, demand for professional sources of financing continues to grow. At WestendArtBank, we understand that today’s private collectors, galleries and established artists require flexible solutions that adapt to their changing needs.

As a leading asset financing company, we provide a valuable combination of financial expertise and extensive knowledge of the art markets that others find difficult to match. We also offer the attractive option to retain possession of artworks in some instances.

By placing great value on transparency and discretion, we ensure high standards of service and professional advice throughout all transactions as we seek to solve the financial challenges that come with this unique asset class.

Key Features

  • Asset-backed loans at competitive rates secured against high-value works of post-war and contemporary art.
  • An efficient financing process.
  • Valuations and condition reports by independent experts.
  • Safekeeping at selected sites worldwide with access to artworks for exhibitions or auctions when required.
  • Possibility to retain possession of the artworks for some clients.
  • Fixed and variable loans and credit facilities starting from €500,000.
  • €100,000 minimum market value per artwork.
  • Loan-to-value ratio of up to 50%.
  • Terms of six months up to two years with the possibility to extend.
Jutta Voorhoeve
Dr. Jutta Voorhoeve
Head of Art Financing
Telefon +49 69 660 595 6 23
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Dr. Jutta Voorhoeve is Head of Art Financing at Westend Bank AG. As an art historian with a German PhD, she has many years of scientific expertise ranging from Romanticism to contemporary art. She worked at the Art History Institute in Florence (an institute of the Max Planck Society) and at the Art History Institute of the Ruhr University in Bochum. In addition, Jutta has over 20 years of experience in the art trade. During this time, she has worked for internationally renowned galleries in Cologne and Berlin in both the primary and secondary market. Since December 2021, she is responsible for the art division of Westend Bank AG.

Anna Siegismund
Anna Siegismund
Head of Art Research
Telephone +49 69 660 595 6 21
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As Head of Art Research Anna Siegismund manages the art lending portfolio of the bank and supports the due diligence and financing process of new loan inquiries. Before joining Westend Bank, Anna worked for Hamersbach GmbH, a consulting firm specialised in art financing, joint venture purchases and collection management. Anna has specialised in art forgery investigation during her Master of Fine Art studies at Technische Universität Berlin and gathered experiences at the State Office of Criminal Investigation Berlin. She pursued her passion for art history writing and research in various auction houses.

Alexandra Lombard
Alexandra Lombard
Head of Sales Partnerships
Telephone +49 69 660 595 6 11
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Alexandra Lombard is Head of Sales Partnerships at Westend Bank AG. In this capacity, she is responsible for initiating and managing cooperation agreements with partners such as private banks and asset managers. Previously, she acted as head of the Art Financing division of Westend Bank AG. Prior to joining Westend Bank AG, she was Vice-President, Global Marketing & Communications at Rothschild Bank AG in Zurich and worked in sales and marketing for Equity Derivatives and Structured Products at Société Générale in Zurich, New York and Paris. Alexandra holds a German French double diploma in International Management from ESCE Paris and the Berlin School of Economics and Law.



Financing Process

  1. Apply
    Apply
    You contact our experts and provide the required documentation
     
  2. Analyse
    Analyse
    We value your artworks and structure a loan tailored to your needs
     
  3. Transfer
    Transfer
    After approval, you receive the loan under the agreed terms