The owner of an international contemporary art gallery is looking for more financial flexibility to cover three activities. First, acquire new works promptly to take advantage of opportunities at attractive prices. Second, finance marketing costs at important art fairs. Third, provide working capital for ongoing business activities during the summer when sales can be low.

WestendArtBank responds by providing a flexible credit facility secured against artworks owned by the gallery. The gallery owner can access this source of finance as the need arises and only pay interest on the amount he draws down. We hold the pledged artworks at a convenient art storage facility where they can be shown to potential buyers and exchanged against other works when sold.