Beverly Loan Company’s Relationship with Auction Houses

Beverly Loan Company’s Relationship with Auction Houses
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For over 75 years, Beverly Loan Company has had unique or even one-of-a-kind collateral come through its doors, and it occasionally uses auction houses to assist in the authentication and valuation of these exceptional items. There are many reputable auction houses in the United States and abroad that Beverly Loan continually remains in contact with. Sotheby’s, Christies, Phillips De Pury and Bonhams are four particular Auction Houses that not only have the highest standards, but the most knowledgeable staff particularly in terms of jewelry and watches, as well as modern and contemporary art.

Sotheby’s, Christies, Phillips, and Bonhams have the same dedication to privacy that Beverly Loan does. This allows Beverly Loan to safely and confidently send items to auction without compromising the confidentiality of its clients. “The relationship is mutually beneficial,” explains Jordan Tabach-Bank, Beverly Loan’s CEO. “When we sell at these houses they benefit and when these houses assist us with their unique expertise we benefit.”

Sotheby’s was opened in 1744 when a bookseller in London by the name of Samuel Baker auctioned off a rare book collection. Since that historic time, Sotheby’s has positioned itself as one of the most prestigious and important auction houses in the world. Some of their most important and publicized auctions have included the Duchess of Windsor Collection, and the sale of The Scream, an iconic painting by Edvard Munch.

Christies was founded in 1766 by James Christie, who was a prominent art dealer in London. Christies quickly became one of the leading auction houses in London, and started auctioning off jewelry after The French Revolution. Christies has had hundreds of groundbreaking auctions, but some of the most notable include the Elizabeth Taylor Collection, which realized a total of 156.7 million dollars, as well as other auctions featuring artwork and possessions linked to historical figures such as Pablo Picasso, Leonardo Da Vinci, Napoleon Bonaparte, and Diana, Princess of Wales.

Phillips was founded by Harry Phillips, a young entrepreneur who was the former head clerk to James Christie. Phillips quickly became a strong competitor to both Christies and Sotheby’s, and was the first auction house to host evening receptions the night before an auction; a standard practice in the modern day. In 2012, they sold “untitled” by Jean-Michel Basquiat for 16.3 million, a record for Phillips Auction House.

Bonhams was founded in 1793, and is one of the oldest and largest auction houses. Bonhams specializes in fine art, jewelry, automobiles, and antiques. In 2012 they held a successful auction featuring Banksy and other urban artists, which realized a total of $742,000.

These auction houses have the history and reputation of being the best and most prestigious, which is why Beverly loan Company is proud to have a strategic relationship with them.

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