Weng Fine Art AG is expanding, as announced, in the services business around high-end art. These activities will be bundled into the subsidiary WFA Fine Art Services GmbH, which will be registered with a share capital of CHF 500.000 in Zug/Zurich, which is particularly suitable for international business. In parallel, an office for this company will be established in Krefeld to serve customers in Germany.

Through this Services Company, WFA develops - without a large capital outlay and without significant start-up costs - an additional platform to expand its service offering in the arts. The focus will be on the active management of private and commercial collections, and specifically towards the needs of financial institutions, insolvency administrators and inheritance advisors. WFA is thereby entering a new attractive segment of the art market.