"Now people are looking to every asset they have to unlock cash"

The New York Times had a front page story today on art-backed lending: "At a time when stock portfolios are plunging and many homes ... have no equity left to borrow against, an increasing number of art owners are realizing that an Old Master or a prime photograph, when used as collateral, can bring in much-needed cash."

Related post, from a couple years back, here.