Art E to trade in Italy's stock market

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ROME--Art E, Italy's largest contemporary art dealer, has applied to sell shares on Italy's Nuovo Mercato, the part of the Italian Stock Market designed for fast-growing companies.

The company, whose name means "Art Is" in Italian, made headlines earlier this year when it started to publish its catalogue on the Web.

Art E plans to sell 40% of its shares this summer to help fund expansion -- both online and otherwise -- in Italy and elsewhere in Europe. The company also announced plans to set up operations in Spain, where company Chairwoman Marilena Ferrari says the art market is similar to Italy.

Copyright May 2000, Crain Communications Inc.

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