artnet AG / Key word(s): Finance/
artnet AG: Successful online auctions confirm respositioning
DGAP-Media / 17.06.2011 / 06:00
Successful online auctions confirm repositioning
New York/Berlin/Paris, June 16, 2011 -- artnet AG, the international
transaction and information platform for the art market, today announced
the world record sale of Le Corbusier''s deluxe Unité portfolio (1953). This
record setting sale is a major landmark for artnet Auctions as it
represents the completion of the recent strategic repositioning of artnet
to focus on online art auctions and demonstrates that collectors are
recognizing the cost benefits of the global online art market. Artnet has
already established itself as the market leader in the online art auctions
segment, this is reflected in the continued strong growth; in 2010 the
auctions generated $2,584,373 in revenue a 140% increase compared to 2009
($1,333,229) and early indications suggest that growth will continue in
2011 with $839,818 revenue already generated in Q1 2011 which constitutes a
49% increase compared to Q1 2010 ($572,111).
Le Corbusier''s deluxe Unité portfolio (1953) achieved $57,500, a world
record price for this collection. It is very rare for complete sets to
appear at public auction and the pristine condition and storied provenance
attracted enormous international interest. According to Brent Lewis, head
of design auctions at artnet ''Unité was included in our inaugural design
auction, launched this May. We were thrilled to see such active interest
both from traditional art collectors as well as the design community, who
are excited to find a new venue to buy and sell design alongside paintings,
sculpture, prints and photographs.''
About artnet
artnet is the international transaction platform for the art market with an
integrated information offering. artnet Auctions allows rapid transactions
at little cost, the artnet Price Database offers objective price
information and artnet Galleries provides a global market overview.
In its 20-year existence, B2B company artnet has also opened up to the B2C
business, while it further operates a qualified C2C business on artnet
Auctions. This dynamic forms its own cycle. The artnet information services
lend artnet Auctions a knowledge advantage. The auction players are
potential new buyers in artnet Galleries as well as potential new
subscribers to other artnet products. And on artnet Auctions, art
collectors can not only buy, they can also sell.
Both among experts and for private collectors, artnet is thus synonymous
with efficient online art dealing.
www.artnet.com | www.artnet.de | www.artnet.fr
artnet AG, Oranienstraße 164, 10969 Berlin - E-Mail IR@artnet.com - Tel.
+49 (30)20917820
ISIN DE0006909500, WKN 690950, AYD
End of Media Release
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Language: English
Company: artnet AG
Oranienstraße 164
10969 Berlin
Deutschland
Phone: +49 (0)30 20 91 78 -0
Fax: +49 (0)30 20 91 78 -29
E-mail: info@artnet.de
Internet: www.artnet.de
ISIN: DE0006909500
WKN: 690950
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP-Media
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128852 17.06.2011
(END) Dow Jones Newswires
June 17, 2011 00:00 ET (04:00 GMT)