Sotheby's Rare Bond to Be Backed by Rembrandt, Warhol Art – Bloomberg

Loans tied to art from Rembrandt van Rijn and Andy Warhol are among the assets being bundled into an unusual $500 million bond from Sotheby’s Financial Services, according to people with knowledge of the matter.

Barclays Plc is in the process of marketing the asset-backed security — which packages 89 personal loans given to art collectors — and expects to price it by next week. The top five painters whose art will ultimately back the debt also include Pablo Picasso, Jean-Michel Basquiat and Frida Kahlo, the people said, asking not to be identified as the details are private.

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