Finarte Acquires Czerny's International Auction House
Finarte has completed the full acquisition of Czerny's International Auction House, consolidating a partnership initiated a year ago. The deal follows Finarte's 2017 acquisition of Minerva and is part of a trend of consolidation among Italian auction houses, after Banca Sistema's acquisition of Art-Rite with One Stop Art as advisor. Czerny's, founded in 1999 by Michael Czerny in Sarzana, specializes in antique arms and militaria—a niche market where it is a European leader. The acquisition brings this segment to Finarte, expanding its client base. Finarte CEO Vincenzo Santelia stated the move supports internationalization, and Czerny's will continue operating autonomously from its historic Lunigiana headquarters, which becomes Finarte's third institutional office after Milan and Rome. The first joint auctions are scheduled for December 15 and 16, featuring "Antiche Armi del Sud Est Asiatico" and "Importanti Armi Antiche da Tutto il Mondo."
Key facts
- Finarte acquired Czerny's International Auction House.
- The acquisition follows a year-long partnership.
- Czerny's specializes in antique arms and militaria.
- Czerny's was founded in 1999 by Michael Czerny in Sarzana.
- Finarte previously acquired Minerva in 2017.
- Czerny's will operate autonomously from its Sarzana headquarters.
- Sarzana becomes Finarte's third institutional office after Milan and Rome.
- First joint auctions are on December 15 and 16, 2022.
Entities
Artists
- Michael Czerny
- Vincenzo Santelia
- Cristina Masturzo
Institutions
- Finarte
- Czerny's International Auction House
- Gruppo Banca Sistema
- Art-Rite
- One Stop Art
- Minerva
- Artribune
- NABA
Locations
- Sarzana
- Lunigiana
- Milan
- Rome
- Italy
- Europe