Our Services

Our team

Our global reach

Sotheby’s Financial Services is the world’s only full-service art financing company. With over 25 years of experience in art lending, more than $4 billion in loans made to date, and an in-depth knowledge of the international art market, we can provide a timely and accurate valuation of your collection, then offer you a tailor-made financing solution.

Customized Terms

We tailor each loan to fit your personal circumstances and ensure that each transaction is as streamlined and worry-free as possible. We offer loans against items consigned for sale and term loans against the value of your corporate collection.

Fast Results and Confidential Consultations

We pride ourselves in our ability to provide funds with unmatched speed. With our experience, in-house resources, and underwriting focused on the art alone, you can often access funds within a matter of days. Each consultation is confidential and our Financial Services experts are always available to assist you.

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Jan Prasens

Managing Director
Sotheby's Financial Services

jan.prasens@sothebys.com

Jan Prasens assumed the role of Senior Vice President and Managing Director of Sotheby’s Financial Services in May 2007. In this capacity, Jan focuses on growing the financial services business, as well as developing new credit products for Sotheby’s worldwide clients. During his tenure, Jan has overseen funding of more than $2 billion in new loans. He has been with Sotheby’s finance organization since 2000, was promoted to Assistant Treasurer in 2002, Corporate Treasurer in 2006, and assumed global risk management responsibilities in 2004. Prior to joining Sotheby’s, Jan was with Altria Group, which he joined in 1996 and where he held various positions within international treasury operations. Jan holds a Masters of Business Administration degree from New York University’s Stern School of Business.

New York
London
hong kong
Vladimir Kleyman

Vice President, Director of Transactions and Senior Counsel

vladimir.kleyman@sothebys.com
view bio
Vlad Kleyman acts as Director of Transactions and Senior Counsel at Sotheby’s Financial Services in New York. Prior to joining SFS in 2015, Vlad was the sole in-house counsel at Medical Action Industries, Inc., a finance attorney at Vinson & Elkins LLP and a project finance attorney at Skadden, Arps, Slate, Meagher & Flom LLP. Vlad graduated from Harvard College and Columbia Law School and was a Fulbright Fellow in Ukraine. Vlad is fluent in English and Russian.
Damian Leslie

Senior Director

damian.leslie@sothebys.com
view bio
Damian Leslie acts as Senior Lending Portfolio Manager in London. Prior to joining Sotheby’s in 2015, he spent 13 years in the finance industry, coming from Coutts, a Private Bank in the UK, where he provided wealth management and lending advice to high net worth individuals within the Entrepreneurs client group, especially focused on leveraging their assets. Coutts has a similar heritage to Sotheby’s and is one of the oldest Private Banks in the UK – started in 1692 and looks after many high profile clients including the Royal Family.
Henry Li

Senior Director, Finance

henry.li@sothebys.com
view bio
Henry Li acts as the Senior Director, Finance for Sotheby’s Asia based in Hong Kong. Henry has been with Sotheby’s since 1997 and is responsible for all finance functions in Asia. He is a qualified accountant with the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants in the U.K.
Pavlo Chernyshenko

VP, Business Development & Product Sales

pavlo.chernyshenko@sothebys.com
view bio
Pavlo Chernyshenko is Vice President of Business Development for our Sotheby’s Financial Services (SFS) in New York. He works closely with Sotheby’s specialists to offer bespoke financial solutions for clients. Pavlo has deep expertise in private banking, wealth management and lending from his prior experience at HSBC where he worked with ultra-high net worth clients on assignments in London, Hong Kong and New York. He is a native speaker of Ukrainian and Russian, and is fluent in French, Spanish and English. He holds a Masters of Business Administration from H.E.C Paris, and a Masters of International Studies from the Johns Hopkins School of Advanced International Studies.
Sebastian Fahey

Senior Director, Auction Deals

sebastian.fahey@sothebys.com
view bio
Sebastian Fahey acts as Senior Director of Auction deals for Sotheby’s Financial Services in London. By offering customised loans both for property consigned for sale and term loans secured against the value of a collection, Sebastian helps Sotheby’s global clients put their art collections and other valuable assets to work. Sebastian has over a decade of experience in structuring loans and finding tailored art-related financing solutions. Sebastian Fahey joined Sotheby’s Financial Services in 2004 after having graduated from the London School of Economics.
Jessica Fox

Assistant Vice President, Senior Loan Portfolio Manager

jessica.fox@sothebys.com
view bio
Jessica M. Fox acts as Assistant Vice President, Senior Loan Portfolio Manager for Sotheby’s Financial Services in New York. Jessica relocated to New York City in 2007 to follow her dream and pursue a job at Sotheby’s, where she had interned for a summer in college. In 2011 she spent 6 months in the Sotheby’s London office managing the loan portfolios for Europe and Asia. She received her B.S. from the Daniels College of Business at the University of Denver before obtaining her Series 7 and 63 licenses and becoming a Registered Sales Agent at Wedbush Morgan Securities.
Ei-Linn Liew

Loan Portfolio Manager

ei-linn.liew@sothebys.com
view bio
Ei-Linn Liew acts as Loan Portfolio Manager for Sotheby's Financial Services in London. In this capacity, she manages the loan portfolio for Europe and Asia. She previously worked as an equity sales-trader in HSBC Investment Bank in London and more recently as Marketing and Business Manager in a family office in Hong Kong before joining Sotheby's in 2010. Ei-Linn graduated with a first class honours from the London School of Economics and Political Science in Accounting and Finance.
Connie Vu

Contract Manager

connie.vu@sothebys.com
view bio
Connie Vu acts as the Contract Manager for Sotheby’s Financial Services in New York. In this capacity, she is responsible for the management, execution, distribution and storage of all contracts and documents. Connie started her career at The Metropolitan Museum of Art in the Counsel’s Office before starting with Sotheby’s. She earned a Bachelor of Arts degree in art history and minor in political science from Wellesley College.
Nadia Jalaluddin

Senior Client Liaison

nadia.jalaluddin@sothebys.com
view bio
Nadia Jalaluddin acts as Senior Client Liaison and business developer for Sotheby’s Financial Services based in London. In this capacity Nadia helps our clients look at their art collections as a potential source of financing for a multitude of purposes. Prior to joining SFS Nadia was part of the Private Clients Group at Sotheby’s working with art collectors across all categories. Nadia has gained finance experience both at Lehman Brothers Investment Bank and JP Morgan Private Bank in their offices worldwide. She graduated with a Master of Arts from St Andrews University in Scotland and a Master of Sciences from the London School of Economics. Nadia is fluent in French and Spanish.
  • Jan Prasens

    Managing Director
    Sotheby's Financial Services

    jan.prasens@sothebys.com
  • Vladimir Kleyman

    Vice President, Director of Transactions and Senior Counsel

    vladimir.kleyman@sothebys.com
    view bio
    Vlad Kleyman acts as Director of Transactions and Senior Counsel at Sotheby’s Financial Services in New York. Prior to joining SFS in 2015, Vlad was the sole in-house counsel at Medical Action Industries, Inc., a finance attorney at Vinson & Elkins LLP and a project finance attorney at Skadden, Arps, Slate, Meagher & Flom LLP. Vlad graduated from Harvard College and Columbia Law School and was a Fulbright Fellow in Ukraine. Vlad is fluent in English and Russian.
  • Damian Leslie

    Senior Director

    damian.leslie@sothebys.com
    view bio
    Damian Leslie acts as Senior Lending Portfolio Manager in London. Prior to joining Sotheby’s in 2015, he spent 13 years in the finance industry, coming from Coutts, a Private Bank in the UK, where he provided wealth management and lending advice to high net worth individuals within the Entrepreneurs client group, especially focused on leveraging their assets. Coutts has a similar heritage to Sotheby’s and is one of the oldest Private Banks in the UK – started in 1692 and looks after many high profile clients including the Royal Family.
  • Henry Li

    Senior Director, Finance

    henry.li@sothebys.com
    view bio
    Henry Li acts as the Senior Director, Finance for Sotheby’s Asia based in Hong Kong. Henry has been with Sotheby’s since 1997 and is responsible for all finance functions in Asia. He is a qualified accountant with the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants in the U.K.
  • Pavlo Chernyshenko

    VP, Business Development & Product Sales

    pavlo.chernyshenko@sothebys.com
    view bio
    Pavlo Chernyshenko is Vice President of Business Development for our Sotheby’s Financial Services (SFS) in New York. He works closely with Sotheby’s specialists to offer bespoke financial solutions for clients. Pavlo has deep expertise in private banking, wealth management and lending from his prior experience at HSBC where he worked with ultra-high net worth clients on assignments in London, Hong Kong and New York. He is a native speaker of Ukrainian and Russian, and is fluent in French, Spanish and English. He holds a Masters of Business Administration from H.E.C Paris, and a Masters of International Studies from the Johns Hopkins School of Advanced International Studies.
  • Jessica Fox

    Assistant Vice President, Senior Loan Portfolio Manager

    jessica.fox@sothebys.com
    view bio
    Jessica M. Fox acts as Assistant Vice President, Senior Loan Portfolio Manager for Sotheby’s Financial Services in New York. Jessica relocated to New York City in 2007 to follow her dream and pursue a job at Sotheby’s, where she had interned for a summer in college. In 2011 she spent 6 months in the Sotheby’s London office managing the loan portfolios for Europe and Asia. She received her B.S. from the Daniels College of Business at the University of Denver before obtaining her Series 7 and 63 licenses and becoming a Registered Sales Agent at Wedbush Morgan Securities.
  • Sebastian Fahey

    Senior Director, Auction Deals

    sebastian.fahey@sothebys.com
    view bio
    Sebastian Fahey acts as Senior Director of Auction deals for Sotheby’s Financial Services in London. By offering customised loans both for property consigned for sale and term loans secured against the value of a collection, Sebastian helps Sotheby’s global clients put their art collections and other valuable assets to work. Sebastian has over a decade of experience in structuring loans and finding tailored art-related financing solutions. Sebastian Fahey joined Sotheby’s Financial Services in 2004 after having graduated from the London School of Economics.
  • Connie Vu

    Contract Manager

    connie.vu@sothebys.com
    view bio
    Connie Vu acts as the Contract Manager for Sotheby’s Financial Services in New York. In this capacity, she is responsible for the management, execution, distribution and storage of all contracts and documents. Connie started her career at The Metropolitan Museum of Art in the Counsel’s Office before starting with Sotheby’s. She earned a Bachelor of Arts degree in art history and minor in political science from Wellesley College.
  • Ei-Linn Liew

    Loan Portfolio Manager

    ei-linn.liew@sothebys.com
    view bio
    Ei-Linn Liew acts as Loan Portfolio Manager for Sotheby's Financial Services in London. In this capacity, she manages the loan portfolio for Europe and Asia. She previously worked as an equity sales-trader in HSBC Investment Bank in London and more recently as Marketing and Business Manager in a family office in Hong Kong before joining Sotheby's in 2010. Ei-Linn graduated with a first class honours from the London School of Economics and Political Science in Accounting and Finance.
  • Nadia Jalaluddin

    Senior Client Liaison

    nadia.jalaluddin@sothebys.com
    view bio
    Nadia Jalaluddin acts as Senior Client Liaison and business developer for Sotheby’s Financial Services based in London. In this capacity Nadia helps our clients look at their art collections as a potential source of financing for a multitude of purposes. Prior to joining SFS Nadia was part of the Private Clients Group at Sotheby’s working with art collectors across all categories. Nadia has gained finance experience both at Lehman Brothers Investment Bank and JP Morgan Private Bank in their offices worldwide. She graduated with a Master of Arts from St Andrews University in Scotland and a Master of Sciences from the London School of Economics. Nadia is fluent in French and Spanish.
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We offer our clients, including collectors, art dealers, corporations, trusts and estates the expertise drawn from Sotheby’s offices in 35 countries around the world – an unparalleled global reach.

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Testimonials

Jan [Prasens] and his team are the gold standard in art finance. Their years of experience enable them to structure loans to meet each client's unique needs. And because of Sotheby's global reach and deep knowledge of the art market, Jan’s group can streamline the diligence process and get deals done with remarkable efficiency.

- Steven R. Schindler, Partner and Art Group Head, Schindler Cohen & Hochman LLP

During my 8 year relationship with Sotheby’s Financial Services I always felt that I could count on them to back me up with new acquisitions and investments. I never felt pressure from them of any kind, even in complicated moments like 2008. The personal contact with Jessica [Fox] is always clear and it has always been simple and easy to deal with SFS.

- A European based collector of contemporary art

Sotheby's Financial Services has been great to work with in all respects. The staff is accessible, personable, and most importantly, helpful. They have always listened to my needs and responded promptly, in a manner which provided me the financial flexibility I wanted.

- A NORTH CAROLINA BASED CONTEMPORARY ART COLLECTOR

I have known Sotheby’s Financial Services for some time now as they made a loan facility available to my client, secured on a large portfolio of paintings. We managed to complete the deal in record time even though it was an international transaction involving 5 jurisdictions and required thinking outside the box and providing creative solutions, all of which SFS was happy to do. In light of the large sum involved and the very tight timescale, it was a very challenging transaction, but Jan Prasens never lost his sense of humour or his willingness to find solutions.

- Claire Wheatley, Partner, Banking and Finance Group, Hill Dickinson LLP

Quick, uncomplicated, reliable and above all flexible to adjust to change. A highly valued and solid partner for over 5 years and counting

- A leading Swiss based collector of Contemporary Art

Strategic lending goes hand in hand with strategic buying. There is no better partner than one that understands that combination. Sotheby’s Financial Service’s flexibility has been important to me to maneuver quickly when I needed to. It's that first hand relationship with the art market that clearly makes the difference. That is why I have been with SFS for over 25 years.

- A New York based collector of Chinese Contemporary Art

I first borrowed money from Sotheby's Financial Services in the late 1980's, and have repaid and drawn down my various lines many times since. Sotheby's responsiveness and flexibility has been a consistent hallmark of our relationship. Especially in the current bank regulatory environment, where asset-based lending to high net worth individuals has become increasingly complicated and difficult, it is refreshing to deal with people who understand the value of art and antiques as collateral.

- A New York based collector of Contemporary Art and Furniture
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YOUR QUESTIONS ANSWERED
What kind of services does Sotheby’s Financial Services provide?

We provide a wide range of tailored financing solutions to our clients. All of our loans are secured by art, whether fine art, decorative art, or jewelry and are mostly in the form of term loans or short-term advances against a client’s consignments with Sotheby’s.

How much can I borrow against my art?

The loan amount is determined as a percentage of the total low auction estimate of the collateral (as advised by the relevant Sotheby’s specialists). Generally, we lend about 40-60% of the estimated total low auction estimate of the art proposed as collateral.

What items do you accept as collateral for your financing products?

Any item or art that Sotheby’s has the ability to value can be considered as collateral. This includes such items as paintings, photographs, jewelry, sculptures and other works of art, furniture, books and classic cars.

Do I have to consign property to Sotheby’s in order to get a loan from Sotheby’s Financial Services?

No, not at all. While we provide advances against auction and private sale consignments for Sotheby’s clients, this is not a requirement. In fact, more than two thirds of loans provided by Sotheby’s Financial Services are term loans with no commitment to sell any collateral. To the extent a client decides to consign any of the collateral for auction or private sale, we are able to combine the consignment and financing terms to achieve the most appropriate solution.

What is the advantage of borrowing from Sotheby’s Financial Services as opposed to traditional lenders?

With over 25 years of experience in art lending, an in-depth knowledge of the international art market, and an in-house world-class roster of art specialists, we can arrange truly bespoke financing solutions for our clients. Assisted by Sotheby’s offices in over 35 countries, we are at your disposal wherever you are in the world. Our unparalleled market expertise and unique underwriting approach enable us to offer loans discreetly and with unmatched speed. Unlike conventional lenders, we are focused primarily on your art and not your financial circumstances. This significantly reduces the amount of information needed from you to process the loan and allows us to fund the transactions on a timetable that traditional financial institutions cannot compete with.

Who will appraise my artwork? How much will you charge me for the appraisal?

Our clients have access to Sotheby’s in-house network of several hundred specialists around the world. Sotheby’s world-class specialists make comprehensive appraisals by considering the quality, condition, provenance, and market for each individual item of art. We do not charge our clients for the appraisal of the proposed collateral.

Will you allow the artwork pledged as collateral to be exhibited by museums?

Yes, in most instances. We believe the exhibition of collateral can have a very positive impact on the value of your artwork and, as such, we try to accommodate exhibition requests to the extent possible. We have established relationships with museums all over the world, which allows us to set up the necessary arrangements in an efficient and expedient manner.

Who is responsible for insurance?

The client is responsible for maintaining insurance coverage on the artwork pledged as collateral. Sotheby’s Financial Services must be named as additional insured party and loss payee (to the extent of its interest in the collateral) under the borrower’s insurance policy.

How long is the term of the loan?

Most of our loans are structured for two years and tend to be renewed at maturity. Relationships with some of our clients date back as far back as 20 years.

How long will the loan process take?

We aim to make funds available to our clients within one to two weeks after deal terms are agreed.

What is the first step in acquiring a loan from Sotheby’s Financial Services?

We first ask our prospective clients to provide us with details on the property intended for collateral. Details should include full descriptions, medium, dimensions and high-resolution images so that our specialists may produce the most comprehensive initial appraisal of the artwork. Our experts will need to physically inspect the artwork prior to closing, but, in most cases, we can provide preliminary valuation and financing terms based on high-resolution photographs.

What documentation do I need to provide to Sotheby’s Financial Services to process the loan?

As our underwriting and diligence focuses mostly on the art itself, we require documents that allow us to verify the provenance and ownership for the art proposed as collateral. The related proof of ownership is usually in the form of a purchase invoice or bill of sale. To the extent the proposed borrower is a corporate entity, legal documents establishing the authorization and existence will be required for such corporate borrower.

Where does the collateral need to be located in order for me to provide it as security for a loan from you?

The collateral must be held in the United States, United Kingdom, Switzerland or Hong Kong at the time the loan is disbursed.

Does the collateral need to be delivered to Sotheby’s Financial Services in order to obtain a loan?

This will depend on each particular circumstance. In certain jurisdictions, we may allow the client to remain in possession of the pledged art but the option may not be available in other locations.

What is the best way to contact Sotheby’s Financial Services?

A Sotheby’s Financial Services expert can be reached at any of the following phone numbers: New York +1 (212) 894-1130, London +44 (0) 207 293 6006, Hong Kong, +852 2822 8188. We will also respond to any inquiries sent to the following email address: services@sothebysfinancial.com

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TREASURE THE ART.
unlock THE VALUE.