A new level of success for the online auctions platform signals the widespread appeal of its business model.
BERLIN, GERMANY and NEW YORK, NY / ACCESSWIRE / February 26, 2020 / Sales for prints and multiples on Artnet Auctions totaled over $10.5 million in 2019, thereby doubling its sales in two short years. These results put Artnet Auctions on par with traditional brick-and-mortar auction houses for this collecting category, as interest in contemporary prints continues to rise. 1,000 prints were offered on the online bidding platform in 2019 with an average sold lot price of $14,100, signaling the growing importance of the online art marketplace and Artnet Auctions' role in pioneering it.
"Our platform has proven that clients are very comfortable buying and selling online," says Conner Williams, Head of Prints and Multiples. "The market for prints, in particular, has grown in size and quality, both of which we've seen over the past several years. This growth should continue as we further challenge and compete with the traditional art marketplaces."
Artnet Auctions offers clients an attractive value, as fees are considerably lower than its competitors and sellers avoid extra costs like shipping and insurance. For buyers, the platform is appealing for its convenience: clients can register, bid, and buy within minutes and be connected with an experienced specialist in the process.
Print highlights spanned Pop classics to sought-after urban art editions in 2019, including:
- Andy Warhol, Superman (from Myths) (1981) sold for $180,000
- KAWS, NO ONE'S HOME, STAY STEADY, THE THINGS THAT COMFORT (2015) sold for $78,000
- Banksy, Girl with Balloon (2004) sold for $96,000
- Jasper Johns, Targets (1967) sold for $49,200, highest result for the print in 30 years
- Andy Warhol, Orangutan (from Endangered Species) (1983) sold for $156,000, a new auction record for any trial proof from the series
- Bridget Riley, Green Dominance, Blue Dominance & Red Dominance (1977), sold for $42,000, a new auction record
For more information, please contact press@artnet.com or visit artnet.com/auctions
About Artnet
Artnet is the leading resource for buying, selling, and researching art online. Founded in 1989, Artnet's suite of industry-leading products has revolutionized the way people collect art today. The Price Database contains more than 13 million auction results from 1,800 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. Artnet Auctions was the first dedicated online marketplace for fine art, providing a seamless and efficient collecting experience for both buyers and sellers. Artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary.
Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards.
ISIN: DE000A1K0375
LEI: 391200SHGPEDTRIC0X31
SOURCE: artnet AG
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