The company's purpose is to buy and sell art. The company shall, to the extent permitted by law, direct its business activities towards the group's objectives. Accordingly, the company may, in the interest of the group or individual group companies (including their direct or indirect parent companies as well as their direct or indirect subsidiaries), enter into contracts and, in particular, grant loans or other financing to such group companies and provide security of any kind for their liabilities, including by way of pledges on or security transfers and assignments of the company's assets or by way of guarantees of any kind, whether for consideration or not. The company may establish branches and subsidiaries in Switzerland and abroad and acquire, hold, dispose of or finance any type of business. The company may acquire, hold and dispose of real estate. The company may engage in all commercial activities that are directly or indirectly related to the company's purpose and take all measures that seem appropriate to promote the company's purpose or are related thereto.