
The Nahmad family has come full circle - from banking origins in Syria and Lebanon to becoming one of the world's largest art collectors.
Now they're combining both worlds: leveraging their billions in art holdings to launch a lending business focused on art and art receivables.
Key details:
- Charging 10% interest on art-backed loans
- Loan book approaching $500 million and growing rapidly
- Positioning themselves as competition to Sotheby's financial services
This move represents a significant shift in the art finance landscape, with the Nahmads using their massive collection as collateral to enter the lending market.
news.artnet.com/art-world/kenn… The Nahmad clan started with a bank in Syria (then Lebanon) and now they’ve returned: owning billions worth of paintings not enough, now they’re lending money on art and art receivables at 10 percent interest with a loan book up to $500 million and rising
Jewels Art Heads to Venice Biennale via Crystal Bridges Museum

**Major institutional backing for digital art** Jewels art is set to appear at the prestigious Venice Biennale, presented under the auspices of Crystal Bridges Museum of American Art. This marks a significant moment for digital art's recognition in traditional art world institutions. **Context from recent developments** This announcement follows widespread praise for Miami's recent digital art showcase, which successfully bridged the gap between crypto-native art and mainstream audiences. The Miami event demonstrated how digital art can create "portals" for new viewers while maintaining artistic integrity. **What this means** The Venice Biennale appearance represents continued institutional validation for digital and blockchain-based art forms. Crystal Bridges' involvement lends credibility and suggests growing acceptance of these mediums in established art world circles. The combination of institutional backing and artist-driven innovation continues to push digital art into new territories and audiences.
🎨 Art Charity Auction

**4BYSIX charity auction** launches with contemporary artwork made from 100% waste materials. - **Starting bid:** $500 - **Auction ends:** 8am EST, December 11th - **Shipping:** Inexpensive delivery from UK in protective tube The organization partners with contemporary artists to create sustainable artworks, with **all proceeds supporting community projects** for underprivileged people. View the auction: [4BYSIX Kenny Schachter piece](https://4bysix.com/products/kenny-schachter) *Support art that makes a difference - bid now to help fund community initiatives.*
Kenny Schachter's Art Basel Photo Series Gets Rizzoli Book Deal

**Art world provocateur Kenny Schachter** is turning his satirical photography series into a published book. **"Idiots at Art Fairs Wearing Sunglasses"** will be released by prestigious publisher **Rizzoli Books**. The series documents the often pretentious atmosphere of major art fairs through candid photography. - Captures the social dynamics of high-end art events - Features Schachter's signature irreverent commentary style - Published by Rizzoli, known for art and culture books The book represents Schachter's continued critique of art world culture, extending his commentary from digital platforms to traditional publishing.
Art Market Bombshells: Klimt Buyer Identity and Tech Oligarch's Monster Move Revealed

**Major art market revelations** are dropping this week, promising to shake up the industry. Two significant announcements are expected: - **Identity of the Klimt Lady buyer** will finally be revealed - A **tech feudal oligarch's first major art market entry** - described as a "monster move" These developments suggest **high-profile players** are making strategic moves in the traditional art space, potentially bridging the gap between tech wealth and established art markets. The timing of these revelations indicates **coordinated market activity** that could influence both digital and traditional art valuations. *Stay tuned for the full details as these stories unfold.*