Finarte
Encyclopedia
Finarte is an Italian auction house in Milan
founded in 1959. It is one of the most renowned auction houses in Italy with great importance on the international market.
Besides offers financial services in every field of the art, like sales, private funding
, pre-fundings, extensions on acquisitions, sales on commercial portfolios, heritage amministration and consultancy in the field.
The firm is listed on the Milan Stock Exchange from 1970.
Has operational bases in Milan, Rome
and Venice
.
The aim was to assist collectioners and operators in the purchase and sales of art works. Finarte became a pioneer in the provision of financial services and products including sales advances, loans using art as collateral, and hire-purchase financing.
Finarte is the first firm in the world to operate financings in a field that did not have some credit near the banking institutions.
The company also has joint-venture auction operations in Spain and Switzerland, and is part of the Italian National Association of Auction Houses http://www.anca-aste.it/finalita_eng.php.
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
founded in 1959. It is one of the most renowned auction houses in Italy with great importance on the international market.
Besides offers financial services in every field of the art, like sales, private funding
Funding
Funding is the act of providing resources, usually in form of money , or other values such as effort or time , for a project, a person, a business or any other private or public institutions...
, pre-fundings, extensions on acquisitions, sales on commercial portfolios, heritage amministration and consultancy in the field.
The firm is listed on the Milan Stock Exchange from 1970.
Has operational bases in Milan, Rome
Rome
Rome is the capital of Italy and the country's largest and most populated city and comune, with over 2.7 million residents in . The city is located in the central-western portion of the Italian Peninsula, on the Tiber River within the Lazio region of Italy.Rome's history spans two and a half...
and Venice
Venice
Venice is a city in northern Italy which is renowned for the beauty of its setting, its architecture and its artworks. It is the capital of the Veneto region...
.
History
Finarte was founded by an Italian banker; Gian Marco Manusardi in Milan.The aim was to assist collectioners and operators in the purchase and sales of art works. Finarte became a pioneer in the provision of financial services and products including sales advances, loans using art as collateral, and hire-purchase financing.
Finarte is the first firm in the world to operate financings in a field that did not have some credit near the banking institutions.
The company also has joint-venture auction operations in Spain and Switzerland, and is part of the Italian National Association of Auction Houses http://www.anca-aste.it/finalita_eng.php.