Art As Collateral: Modern, Yes; Contemporary, Not So Much

“News that the renowned photographer Annie Leibovitz has pawned the copyright to her life’s work to help pay her mortgage debts comes at a time when people from every stratum of society are looking to see what cash value their assets may have. With traditional forms of investment income from property and stock markets in the doldrums, is art becoming an increasingly viable option to use as collateral for loans? Recent cases might suggest that it is.”