Banksy's works pawned by Europe's art patrons

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The Independent Online

Europe's wealthy, hit by the crises in Greece and Spain, are increasingly turning to pawnbrokers for credit.

Borro.com, an online pawnbroker, has recently lent more than £2m to Europeans, says chief executive, Paul Aitken. "We've issued loans against 20th-century art, contemporary art and sculpture, early European sculpture and Old Masters." The company, he says, has advanced loans for, among others, works ranging from Henry Moore to Banksy.

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