Month: September 2012

Developments in the World of Art-Backed Loans

August 28, 2012 – More brokers let clients borrow against their Bruegels REUTERS – Mainstream U.S. brokerages are now increasingly offering high-net-worth clients non-recourse loans up to approximately $150 million collateralized by fine art and important collectibles as a response to investors’ desire to create liquidity without paying capital gains taxes or commissions from the sale of …

Hermès Celebrates Its Craft

  Last night, Hermès celebrated the opening of its Festival des Métiers with an intimate dinner and cocktails. —STEFAN DOYNO Hermès’s Festival des Métiers, which translates to “Festival of Crafts,” has finally landed in New York City, but only for a short time. The exhibition allows Hermès loyalists and fans the opportunity to meet some …