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artnet AG: Artnet Auctions Revenue up by 67% in November
December 18, 2020 GMT
Supervisory Board Re-Elected at Annual Meeting
BERLIN, GERMANY and NEW YORK, NY / ACCESSWIRE / December 18, 2020 / Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, increased fee-based revenues at Artnet Auctions by 67% year-over-year in the month of November. In the first eleven months of the year, Artnet set a new revenue record in its auctions segment. From January to November 2020, Artnet Auctions’ total fee-based revenue rose 25% to $4.5 million year-over-year. As an online-only auction provider, Artnet thus defied the adverse effects of the Corona pandemic on the global art market.