Maddyness

Art&Co. launches the world’s largest online art auction

Comments
Share :
Up
Previous part
1 —
Next part
Down
Maddyness
Up
Menu
Part 1
Down
Business

Art&Co. launches the world’s largest online art auction

108 - trending  |  
Comments
By Maddyness - 22 June 2020 / 12H30 - Updated 22 June 2020

Only 3% of natural disasters are covered by Insurance and so funds raised from this online auction comprising more than 200 pieces, will support frontline charities and NGOs providing healthcare, food, medicines and guidance to those affected by COVID-19.

Art&Co. is an initiative connecting the worlds of art, finance and support groups and has launched the world’s largest online auction bringing relief to COVID-19 victims. It is backed by PremFina the U.K.’s first venture capital-backed alternative insurance premium finance company.

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 £4B over April to June, due to the lockdown.

“We don’t heal in isolation but within a community, 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.” Bundeep Singh Rangar, PremFina’s CEO and Art&Co. founder.

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, Art&Co. helps ensure that no woman is forced to make such a choice.” Fiona Dwyer, CEO of Solace Women’s Aid. 

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.

London-based insurtech firm PremFina’s shareholders include global investors Rakuten Capital, the investment arm of Japan’s Rakuten, a global leader in e-commerce and fintech, the UK’s Draper Esprit Plc, backed by Silicon Valley billionaire Tim Draper, Thomvest Ventures – the venture capital firm of Peter Thomson, whose family is known for its namesake Thomson Reuters Corp., Emery Capital, US-based Rubicon Venture Capital, London-based Talis Capital and the company’s founder.

Read also
By

Maddyness

22 June 2020 / 12H30
Updated 22 June 2020
Business
Menu
Entrepreneurs
Menu
Finance
Menu
Innovation
Menu
Technology
Menu
Agenda
Calendar
MaddyEvent
MaddyEvent
MaddyStudio
MaddyStudio
Search
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Most viewed articles
Newsletter
About
Legal Information
Search
Our services
Categories
Maddynews
Hmm ... There's a problem :(
Maddyness

Comme vous le savez, Maddyness est à la pointe de l'innovation.
Malheureusement il semble que votre navigateur ne le soit pas encore...

Pour une bonne expérience de navigation
(et être au top de la modernité) pensez à passer sur :
Chrome
Chrome
Safari
Safari
Firefox
Firefox
Edge
Edge