Our Process
Fine Art Intake Standard Operating Procedure
Esoteric send engagement letter upon value of art (portfolio)
owner appraisal(s) are considered, and Esoteric orders a third party appraisal.
Esoteric tours art, compares file to art for confirmation of the asset and secure storage at agreed upon location for funding
Esoteric confirms insurance is bound and issues term sheet for consideration
Account Opening Documentation and Credit Facility Documentation Execution
Qualify Art
Proof of purchase (Bill of Sale) Provenance – chronological ownership
Validating the art using Catalogue Raisonne
Third-Party Value Appraisal
Two separate third party appraisals, ISA and IFAA
Curator Condition Report
Curator provides a synopsis of the cost and process to bring the art to a necessary conditioned level for both preservation and conservation.
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Status Summary & Insurance
The client will receive a comprehensive file with all gathered information, as well as confirmation of conservation status from the Curator report.
We then work to secure storage and secure an insurance agreement.
Final Funding
Details
Size of the credit facility, spread on debt service vs income, maturity dates, and option to renew.