Investing in fine art now easier through Assetline, Mossgreen alliance Sydney, NSW, April 22, 2014 -- Art lovers and collectors can hold onto beloved works for longer and even expand their collections through Assetline and Mossgreen's partnership. Access value instantly It allows investors in art, antiques, jewellery, sports memorabilia and stamps to access money fast and easily when buying or selling valuable items. Assetline's Sale Advance Loans allow collectors to access a substantial portion of an item's value within 24 hours and the rest once the sale is complete. "The auction process can take several months but selling an item too quickly can decimate its value. An asset-based loan gives investors the best of both worlds: they can access money instantly while waiting for the very best price," says Paul Sumner, Managing Director, Mossgreen. "Mossgreen and Assetline already work actively together on the valuation of assets, and this initiative is the natural extension of an evolving strong working relationship," Paul Sumner says. Invest now, pay later Assetline will also offer Mossgreen customers Acquisition Finance, allowing them to invest in art and collectibles and pay later on. Certain categories of asset are only auctioned a couple of times a year so collectors run the risk of losing out if they don't have the cash available at the right time. "There's no need to lose out on an exciting opportunity due to a short term cash crunch. Instead Assetline will offer up to 40% of the estimated price on each lot, and Mossgreen then stores the item securely until the balance is paid," says Nick Raphaely, Co-Founder, Assetline. "Mossgreen is active across a wide range of asset classes, quite unique in Australia, and this makes the partnership very attractive to Assetline," Nick Raphaely says.
Investing in fine art now easier through Assetline, Mossgreen alliance
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