Art&Co. Announces the Launch of the World's Largest Online Art Auction for COVID-19

Grab the Monet and Let's Gogh

LONDON, May 28, 2020 /PRNewswire/ - Art&Co. ("Art&Co."), an initiative connecting the worlds of art, finance and support groups launches the world's largest online auction bringing relief to COVID-19 victims. It is backed by PremFina ("PremFina" or the "Company"), the U.K.'s first venture capital backed alternative insurance premium finance company. Fineqia International Inc. (the "Company" or "Fineqia") FNQ FNQQF FNQA is among Art&Co.'s founding partners.

Art&Co. addresses a stark statistic that only 3% of natural disasters are covered by Insurance. Funds raised from the online auction comprising more than 200 pieces, will support frontline charities and NGOs providing healthcare, food, medicines and guidance to those affected by the contagion.

All donations will be equally distributed to ICU steps, The Care Workers Charity, Khalsa Aid International, Painting Our World In Silver, Solace Women's Aid and Za Teb. UK charities are forecasted to lose £4 billion over April to June, due to the lockdown.

"We don't heal in isolation but within a community," said Bundeep Singh Rangar, PremFina's CEO and Art&Co. founder. "Art&Co. enables finance and insurance companies to support organisations assisting those suffering from the immediate effects of the coronavirus as well as consequential mental health or domestic violence difficulties."

The auction encourages both individuals and corporates to participate and bid on one-of-a-kind art representing themes connected to these trying times, such as health, nature and spirituality. The funds raised will mostly go to frontline organisations, with the remainder going toward more than 30 freelance artists who are contributing their work and otherwise unable to sell art due to the lockdown. The artwork purchased will become a tangible display of their efforts to support those challenged in the years to come and can be used as a part of their Corporate Social Responsibility goals.

"It's heartbreaking to think that lockdown measures have forced some women to endure making the choice between domestic abuse and the virus, daily," said Fiona Dwyer, CEO of Solace Women's Aid. "Art&Co. helps ensure that no woman is forced to make such a choice."

The auction supports Art&Co.'s mandate to support those affected by humanitarian disasters, public health and safety crises, focusing on events for which insurance is scarce or unavailable.

ABOUT FINEQIA INTERNATIONAL INC.

Fineqia International Inc. is a listed entity in Canada FNQ, the US FNQQF and Europe FNQA. Fineqia International outlines the Company's corporate governance, culture, processes and relations by which the Company and its subsidiaries are controlled, directed and governed. It oversees and ensures the overall success, planning and growth of the Company and all of its subsidiaries and investments, including those propagating blockchain technologies. For more information visit: https://investors.fineqia.com/news.

Art&Co website: 
https://www.artandco.net

Fineqia website:
https://www.fineqia.com/

View original content to download multimedia:http://www.prnewswire.com/news-releases/artco-announces-the-launch-of-the-worlds-largest-online-art-auction-for-covid-19-301066630.html

SOURCE Fineqia International Inc.

Posted In: artBanking/Financial ServicesCulture and DesignentertainmentSocially responsible investingFintechSmall CapPress Releases

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.