Art - Westend Bank

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 art funds 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

Tailor-made loans secured against high value works of contemporary art
An efficient financing process
Valuations by independent experts
Selected and specialised art storages
Viewings, loans for exhibitions and auction consignments can be arranged at any time after consultation
The works may remain in the possession of the client (by way of security transfer in Germany or with sufficient insurance coverage abroad)
Loan amount starting from €1 million
Loan-to-value ratio of up to 50%
€100,000 minimum market value per artwork
Short- to medium-terms

Dr. Jutta Voorhoeve

Head of Art Finance

Telefon +49 69 660 595 6 23

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Dr. Jutta Voorhoeve is Head of Art Finance 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

Senior Art Expert

Telephone +49 69 660 595 6 21

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As Senior Art Expert 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.

Farah von Depka-Prondzynski

Manager Art Logistics

Telephone +49 69 660 595 6 22

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Farah von Depka-Prondzynski is Manager Art Logistics at Westend Bank AG. She complements the art team with her expertise in art logistics and collection management. Previously, she worked for internationally renowned art shipping companies and auction houses such as Tandem Lagerhaus und Kraftverkehr Kunst Gmbh, Kunsthaus Lempertz and Sotheby's. Farah von Depka-Prondzynski has a degree in fashion and costume design and studied International Management at FOM Cologne parallel to a full-time job.