Appraising is an art, not a science, and market trends can quickly cause fluctuations in prices. While most people hire an appraisal expert in order to arrive at a dollar value, it’s possible to figure out if your art is valuable or not.
Is it a One of A Kind?
Original art is worth more than prints or lithographs.
Many prints can seem original but here are a few tricks to tell the difference:
Look for brush strokes. Real paintings will have real brushstrokes. The brushstrokes will vary in size and texture.
Hold the painting up to the light and look at it from the BACK. You should be able to see variations in the light coming through the back of the canvas. This is because artists use varying degrees of heaviness of paint in certain areas. A lithograph on canvas will not have these variations.
A real painting will almost always be signed by the artist in the lower right hand corner. The artist’s signature should have a dimension to it if it is signed with real paint.
Is the Artist Well Known?
Artists generally fall into three categories of renown: well-known, up-and-coming, and unknown. Artists who are well-known and have a rich history of collection can almost always command more value more than artists who are unknown.
Does the Painting Itself Have History?
Find out if the piece of art has ever been owned by someone renowned. Barring the artist themselves, works of art that were formerly owned by someone famous or well-known can command much higher prices than those pieces who don’t.
An item that is ripped, water-damaged, discolored, or otherwise damaged can return significantly less than an item that is in perfect shape. Note that an item that isn’t technically damaged but isn’t as vibrant as it was when first completed will qualify as having a “condition issue.”
If you think your art may be worth something you should contact a certified art appraiser to help you put an exact value on your art. The fine art market is very volatile so don’t trust that a painting worth a certain amount in 1990 will hold the same value as today.
Eliasson Capital helps you unlock the true value of your fine art collection.
With the availability of our unique artwork loans you can now turn your artwork into liquidity without selling it.
Loans Against Fine Art
Whether you are an art collector, art dealer, gallery or the owner of a single piece of artwork Eliasson Capital can offer a unique financing opportunity which can get you instant cash for your collateral.
While alternative funding options may require you to sell your fine art, Eliasson does not. We will provide you with a valuation on your art based on multiple variables in our market analysis process. Once a value is established and agreed upon, Eliasson Capital can furnish a loan to you based upon this collateral. You can repay the loan at any time for the return of your artwork from our secure facility.
Is an Artwork Loan right for me? If you need immediate liquidity and do not want to sell your artwork we can help. If you want to avoid credit checks or the typical bank loan process please give Eliasson a call. Eliasson Capital can close your loan fast, offering some of the quickest turnaround times in the industry.
Collateralized lending is becoming quite a popular alternative to traditional bank loans, but why? What do you do when you need to have working capital at a moment’s notice? As bank loans are increasingly harder to come by, asset based lending is quickly becoming a popular alternative to traditional bank loans for acquiring working capital fast. Why are so many people choosing asset based loans over traditional ones?
When used correctly, asset based lending or collateral loans can provide you with financial stability and predictable cash flow. This benefit can help stabilize operations for companies that are growing rapidly, have tight cash flows, or have seasonal revenues. For individuals, unlocking the value in assets such as fine art or luxury vehicles can cover unexpected expenses or opportunities that just can’t wait.
Easier to get than loans and lines of credit
Qualifying for collateral based financing program is easier than qualifying for a bank loan or line of credit. If you have an asset or object of value you can borrow against it. It’s that simple.
All transactions are private, secure and will not affect your credit.
Your valuables are kept in a climate controlled location in a secure facility that utilizes some of the most advanced security technology available. Once the loan is paid off your assets will be returned to you.
Can the loan be obtained quickly?
Once your assets are appraised you can have your money in as little as twenty-four hours.
collateralized lending agencies like Eliasson Capital help businesses and individuals to unlock the value of their assets allowing them to become liquid in as little as 24 hours.
Here’s a fundamental truth of any organization: you need cash to help grow your business. Whether you’re a start-up, a sole proprietorship, or a limited liability corporation, getting a small business loan will be one of your top priorities. Unfortunately for many new and small businesses getting the cash needed to grow can be difficult and costly.
It used to be that the only way to gain access to cash were to go to banks which had their own difficult and long process, time you nor your business has. Luckily in this new economy other options for small business funding have popped up.
Personal Asset Lending allows you to use assets like cars, equipment, and jewelry to get working capital for your business. Loans against art and other valuables can also be used as collateral.
Most small businesses do not have extra assets or equipment just laying around. In cases like that a merchant cash advance can be a beneficial and flexible option to obtain working capital needed to grow.
A merchant cash advance, more commonly referred to as an MCA is simply a purchase of future credit card sales.
A typical bank loan requires fixed monthly payments and doesn’t take into account the fluctuation of seasonal sales. If things are slow a business can struggle to make the payments at detriment to the growth the loan was originally supposed to foster. A MCA is based on percentages of sales allowing leeway during a time when sales are low.
Merchant Cash Advances are also easier to come by than a bank loan. The application process is much shorter and a business can have their money in as little as twenty four hours.
If presented with the option of getting a pension check for life or getting a lump sum, what’s the better deal? This is a decision that should be weighed carefully and because each individual’s financial status is different, there is no cookie cutter way to decide which option is best.
Getting a monthly annuity certainly has a certain allure — you get a steady paycheck for life.
But getting a lump sum can be a more attractive option if you manage the money well. Why? The biggest drawback of an annuity payment is that pensions are rarely indexed for inflation. At an annual 3 percent inflation rate, a monthly check worth $2,000 today would be worth $1,488 in 10 years, and $1,107 in 20 years. That’s a huge reduction in purchasing power.
Also, it’s not the best time to arrange for a pension check because annuity payment calculations are based on prevailing interest rates. In a low-interest rate environment like we have now, getting an annuity would involve locking in a low rate of return for the rest of your life.
Taking the lump sum allows you to invest the money for the short term until interest rates are more favorable because of the flexibility and the power to invest aggressively to make your money last longer.
If you are in debt or have large expenses, getting a lump sum cash payout can save you money on interest payments.
What do you do if you are stuck with an annuity or structured settlement and need cash now? There are services that allow you to borrow against your annuity in whole or in part. This is an especially cost effective option if that money can save you from bankruptcy, foreclosure or any number of financial emergencies that may arise.
Asset-based lending, once considered a last-resort finance option, has become a popular choice for companies that don’t have the credit ratings, track record or patience to pursue more traditional capital sources.
Because asset-based lenders focus on collateral, rather than credit-worthiness, they do deals that more traditional lenders shy away from. Borrowers put up equipment, inventory, accounts-receivable and other liquid assets in exchange for the money.
Asset-based loans can be a much-needed source of capital for companies that are rapidly growing, highly leveraged, in the midst of a turnaround or undercapitalized. Sometimes a company simply needs that infusion of cash to get over a financial hump or to keep growing.
These type of loans are especially well-suited for manufacturers, distributors and service companies with a leveraged balance sheet whose seasonal needs and industry cycles often hamper their cash flow. Asset-based loans can also be used to finance acquisitions.
Many small businesses that seek asset-backed loans are distressed companies, or have spotty or short track records. Asset-based loans can be a much-needed source of capital for companies that are in the midst of a turnaround or expanding faster than they can keep up. Sometimes a company simply needs that infusion of cash to get over a financial hump or prevent growth from stalling out.
Eliasson Capital offers a convenient, and straightforward way to access working capital via personal asset loans.
People who do business with Eliasson Capital realize that they have tremendous value locked in many of their personal assets. We give them an opportunity to unlock this value and take advantage of opportunities, lifestyle enhancements (country club dues, vacation rentals, special occasions), or simply working capital for their small business.
Eliasson Capital makes it possible for high net worth individuals to leverage luxury items like cars, fine art, jewelry and designer watches as collateral for a low interest loan in a fraction of the time it takes to process a formal bank loan, with absolute privacy.
Eliasson Capital keeps collateral in their state of the art, secure storage facility while the loan is being settled, whether it’s a Patek watch, Picasso or Ferrari.