Art BusinessNews

Disrupting the global auction market: Auctionata achieves online world record

  Berlin-based online auction house Auctionata has completed the first half of the 2015 with a GMV of €35.7 million (US $39.7 million), which constitutes a 195 percent increase compared to the same period in the year before. Two years after launching weekly livestream auctions, Auctionata is now Germany’s biggest auction house both in terms …

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Art Business

Fashion billionaire Bernard Arnault invests in online auction site Auctionata

Online auction house Auctionata has received financial backing from Groupe Arnault, the controlling shareholder of luxury giant LVMH Moët Hennessy Louis Vuitton chaired by Bernard Arnault. The undisclosed sum comes in addition to the $45 million of round C funding that the Berlin-based company received in April. Arnault’s decision to …

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Art Business

Auctionata reports 163% sales increase for 2014

Online auction house Auctionata completed its 2014 season with recorded sales of €31.5 million ($41 million), a 163% increase from 2013 sales of €12 million ($16.5 million). Auctionata’s global presence has expanded beyond its Berlin headquarters and regional offices in London and Zurich, with the addition of a New York base and …

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10 tips for buying wisely

Art is increasingly popular as a form of investment, but the art world can be tricky for even for a well-read enthusiast to navigate. Presented with countless buying options, from online art galleries to auctioneers, how do you make the best decisions for growing your art collection? Here is Private …

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Quality and artist reputation are important factors for art investors

In order to make safe art investments, it is advisable to look for objects designed by ‘known name’ artists, as these are likely to keep their value and have good resale potential. That is the view of George Mullen, specialist for 20th Century decorative arts & design for online auction …

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Auctionata online auction house plans New York expansion

Berlin-based online art and auction house Auctionata (www.auctionata.com) aims to expand its operations to New York this autumn now that it has secured €21.5 million (US $30 million) in the course of a second funding round from the existing investors, among them Holtzbrinck, e.ventures, Earlybird and REN Invest. “The commitment …

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