Post by ozboy on Aug 7, 2017 7:20:19 GMT
2DFDC39E1:
Pledged and delivered (£40,000 low auction estimate): Two large David Hockney ipad drawing prinated in paper, each valued at £20,000-30,000 ...
Expected Loan Start Date 7 Aug 2017
Loan Term (in months) 6
Loan Amount £35,904.00
Value and Description of Asset
Pledged and delivered (£40,000 low auction estimate): Two large David Hockney ipad drawing prinated in paper, each valued at £20,000-30,000 for auction purposes. Purchased for USD 60,000 together from G****** L***** by the borrower. The prints are titled 'Arrival of Spring in Woldgate, East Yorkshire).
Pledged but awaiting delivery (£50,000 low auction estimate): The proceeds are being used to purchase a Banksy NOLA AP (with pink to yellow rain) for Euro 95,000 (£85,000). The remainder of the invoice has already been settled by the borrower. We are paying the loan proceeds to the gallery from where the artwork is being purchased, and it has been agreed with the gallery and the buyer, that the artwork will be delivered straight to us as security for the loan. Valued at £50k for auction purposes (estimated that there are only five pink/yello NOLAs).
Monthly Interest Rate 0.75%
= 9% pa
Available for Investment £13,099.16 (As at 08:18 on 7/8/17)
Pledged and delivered (£40,000 low auction estimate): Two large David Hockney ipad drawing prinated in paper, each valued at £20,000-30,000 ...
Expected Loan Start Date 7 Aug 2017
Loan Term (in months) 6
Loan Amount £35,904.00
Value and Description of Asset
Pledged and delivered (£40,000 low auction estimate): Two large David Hockney ipad drawing prinated in paper, each valued at £20,000-30,000 for auction purposes. Purchased for USD 60,000 together from G****** L***** by the borrower. The prints are titled 'Arrival of Spring in Woldgate, East Yorkshire).
Pledged but awaiting delivery (£50,000 low auction estimate): The proceeds are being used to purchase a Banksy NOLA AP (with pink to yellow rain) for Euro 95,000 (£85,000). The remainder of the invoice has already been settled by the borrower. We are paying the loan proceeds to the gallery from where the artwork is being purchased, and it has been agreed with the gallery and the buyer, that the artwork will be delivered straight to us as security for the loan. Valued at £50k for auction purposes (estimated that there are only five pink/yello NOLAs).
Monthly Interest Rate 0.75%
= 9% pa
Available for Investment £13,099.16 (As at 08:18 on 7/8/17)
