When acting for investors looking to venture into the luxury asset market, it is important that the structuring of the transaction maximises the tax efficiencies for the client, that extensive due diligence is undertaken into the asset in question, and that third parties are consulted to advise on authenticity, quality and condition.

Financial institutions are becoming increasingly comfortable in lending against fine art, classic cars and wine, as they look for new lending models that can give healthy returns while seeking to minimise their risk.

Our team has advised financial institutions lending against classic cars, acted for clients looking to raise funds on their art and wine collections, and negotiated bailment terms where a gallery was tasked with holding a mortgaged artwork on behalf of the consignor and lending institution.

We are at the forefront of new UK legislative reforms that could potentially open up the UK market in terms of luxury asset lending. We have assisted the Law Commission and worked with other key stakeholders to ensure these changes are robust, progressive and will create an opportunity for UK based financial institutions.