In this week's episode of the ArtTactic Podcast, Adam Green is joined by Josh Spero, Wealth Editor at the Financial Times, to discuss the rapidly evolving art lending market, now estimated to be worth around $40 billion. Despite being a relatively niche segment of the art market, art-backed loans have attracted attention from traditional banks, auction houses, and boutique firms. Josh explains the unexpected rise of margin calls in this sector, exploring what triggers them, how lenders are responding, and what it could mean for the broader art market. They also discuss how rising interest rates are impacting demand for art-backed loans and where the industry may be heading in the coming years.