How Athena Art Is Bringing Art Financing Into The 21st Century

Forbes | Marc E. Babej:

Genuinely original ideas are a rare thing. Ideas with the potential to create a new asset class on financial markets are even rarer. Andrea Danese, CEO of New York City-based Athena Art Finance Corp. is aiming at nothing less. The company opened shop in October of last year, is owned by Carlyle Private Equity and Pictet Private Equity in Geneva (Danese is also among the investors) and fully capitalized, with $280 million in capital allocated. I spoke recently with Danese about the concept, its realization and Athena’s lofty goals for art and finance… Read more

Image: An Andy Warhol portrait of Marilyn Monroe called ‘Lemon Marilyn’, 1962 is hung at Christie’s auction rooms in London. (AP Photo/Kirsty Wigglesworth)