Suros Capital has come to the aid of a family faced with selling off part of a collection of family heirlooms to pay the inheritance tax bill.

After their mother’s death, the client inherited a collection of family heirlooms including Cartier jewellery, pieces from Fabergé and Boodles, and art works from Andy Warhol and Damien Hirst.

With an imminent inheritance tax bill due to be paid, the client still needed to raise another £165,000 to pay the full amount required and it seemed that the only course left was to sell some of the pieces to meet the cost.

However, the client’s wealth management company recommended that they speak to Suros Capital, which valued and assessed some of the collection and was able to offer the full £165,000 that the client needed. The money was made available within 72 hours of the first enquiry.

Ray Palmer, director at the luxury asset short term lender, said: “Here is another example of how Suros Capital can provide immediate assistance to clients who own luxury items but need to raise substantial funds for an unexpected reason.

“The client’s advisers suggested how Suros Capital could help and once we had assessed the pieces being offered as security, we were able to fund the client’s needs very quickly, saving them from being fined by HMRC for late payment and more importantly making sure that their mother’s collection was kept intact.”