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At issue is whether the guarantors have enough capital to pay out the expected future losses on the bonds they have guaranteed.
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Enter The Guarantors.
SH and WH are the guarantors.
CJ and JB are the guarantors.
At Christie's guarantors earn a fee whether they end up buying the work or not; at Sotheby's the fee is only paid if the guarantor does not in the end acquire the artwork.
Neither is the guarantor of art.
Ms. Karnasiewicz's father is the guarantor.
KRS is the guarantor.
SA is the guarantor.
GM is the guarantor.
AS is the guarantor.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com