April 11, 2024

Christie’s Will Debut a ‘Buy Now, Pay Later’ Option

The auction house's new payment plans could make the art market more accessible to new collectors.

“Buy now, pay later” loans are coming to Christie's, which will offer the option during its Prints and Multiples sale on April 16. The catch is that art lovers can only use the deferred payment plan (which divides the purchase price into ten monthly installments) to pay for lots costing $800 to $800,000. Should the complete set of twenty Matisse pochoirs leading the sale exceed its high estimate, the winning bidder will have to settle up the old-fashioned way.

To view full article - observer.com/2024/04/christies-buy-now-pay-later-auction/

Article by Alexandra Tremayne-Pengelly