An Ivy Invitation – Art as an International Currency

An Ivy Invitation – Art as an International Currency

The Penn Club Lecture Series on the Fine Art Market, Connoisseurship and Finance

From noblemen in Renaissance Italy to pension managers in 20th century England, art is perceived by many to be a store of value as well as a potential hedge against inflation. Recent years have seen the growth of art collateralized lending, with universal banks, specialist lenders and high-end “pawn shops” all participating in this market. Against this backdrop is the emergence of Freeports, which have sprung up from Beijing and Singapore to Geneva and Luxembourg. Regarded by some as modern day treasure vaults, their secure environment and quasi-official status place them in a special position at the crossroads of the global art market. This lecture will commence with a comparative study of the main Freeports serving the art market, as well as the competitive landscape within which they operate. It will then proceed to explore the role that Freeports could play as custodians of cross-border art financing transactions.

7:00 pm: Lecture

Speaker: Angelo Chan

Angelo Chan is currently pursuing an MA in Art Business at the Sotheby’s Institute in New York. He was previously a Director in charge of Structured Equity Financing and Trading for Latin America at Bank of America Merrill Lynch. Prior to Merrill Lynch and for period spanning seven years, he worked in London and New York at Barclays Capital in the Structure Capital Markets Group, and subsequently at C12 Capital Management LLP, where he served as Director of the hedge fund manager spun off from Barclays in 2009. Angelo obtained his MA and MSci from Cambridge University, England, where he graduated as the top Theoretical Chemist with first class honors. A collector since his early 20s, Angelo is a member of the Photography Committee and Young Collectors Council of the Solomon R. Guggenheim Museum. Angelo was born in Hong Kong and is fluent in Cantonese.

Location:
The Penn Club
30 West 44th Street

Cost: $15 per member and $25 per guest for reservations made by Tuesday, July 22
$25 per member and $35 per guest for late reservations.
Fees for this event will be billed to the members account. 

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Reservations cancelled by 3:00 pm two (2) business days (unless otherwise noted) prior to the event will not be charged. Due to union labor obligations, cancellation requests received after this time, as well as all no-shows, are charged the full cost of the event.  Out-of-Club ticketed events (including, but not limited to, theater events) are final sale and non-refundable.

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