The story
Finarte was founded by an Italian banker, Gian Marco Manusardi, in Milan in 1959.
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 was the first firm in the world to operate financings in a field that did not have 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 [1].
From Wikipedia’s article on Finarte, shared under CC BY-SA 4.0.4