Finarte
 | |
| Public | |
| Industry | Auctioneering |
| Founded | Milan, Italy(1959) |
| Founder | Gian Marco Manusardi |
| Headquarters | Milan |
| Products | Fine arts |
| Revenue | EUR 19.4 million ($28 million) in 2006 [1] |
| Divisions |
Finarte Milano Finarte Roma Finarte Venezia |
| Website | Finarte.com |
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. It went bankrupt in fall 2011, though it has been relaunched in 2014, with the backing of Italian investors.
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.[2]
The firm is listed on the Milan Stock Exchange from 1970.
Has operational bases in Milan, Rome and Venice.
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.[3]
The company also has joint-venture auction operations in Spain and Switzerland, and is part of the Italian National Association of Auction Houses .
Strategy
Finarte auction house has chosen a precise strategy: to organize specific auctions for specific kind of objects. There are a lot of sections which include silverware, jewels and watches, books and printings, old furniture, majolica and porcelain objects, carpets and textiles. Finarte also deals with modern and contemporary art without neglecting paintings of the 19th century.[4]