The average interest rate for a Sale Advance Loan is 1.5% per month and 10% of the sale price. Interest rate and charges are dependent on the size of the loan and will be confirmed in your loan offer.
Once the loan is agreed, we will store your item at our secure facility for the duration of the loan.
If the item does not sell at the agreed auction, we will consult with you about the best course of action. Depending on the item, we will make a recommendation to take the item to a second auction or to conduct a private sale.
Coin are a boutique finance firm, providing loans secured exclusively against art and luxury assets. Based in London, Coin’s team of experts have over 50 years of experience in asset-based lending. The company is regulated by the FCA and all business is conducted in strict accordance with its guidelines.
If you’re already in touch with a member of the Lyon & Turnbull team, please ask them about Sale Advance Loans. If you’re a new client, please contact your local team. You can find the contact details for our offices on our Locations page.