Bank of America's Evan Beard updates us on the art lending space

In this week's episode of the ArtTactic Podcast, Evan Beard, National Art Service Executive at Bank of America Private Bank, updates us on the art lending space. First, Evan categorizes the different types of lenders in the art financing industry and reveals which bucket Bank of America Private Bank falls in. Then, Evan shares how the COVID-19 pandemic along with the associated economic swings have impacted art lending activities. Also, he explains why art financing is no longer a niche practice within the art world. Lastly, Evan identifies a few key challenges facing the growth of the art lending industry in the medium to long term.