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artnet AG: Strong Growth at Artnet Auctions Continues in the First Quarter Gallery Network Increases Memberships and Revenue Average Monthly Visitors up 35% at 6.2 Million Paywall Artnet News Pro Creates Additional Revenue Stream BERLIN, GERMANY and NEW YORK, NY / ACCESSWIRE / May 10, 2021 / Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, increased its revenue and media reach in the first quarter of 2021. Fee-based revenue at Artnet Auctions rose by 25% year-over-year to 1.2 million USD, continuing on a strong growth trajectory and setting a new revenue record for a first quarter. Top lots in the first quarter included several works by the iconic American artist Jean-Michel Basquiat. In January, his screenprints ....
Courtesy of the Neuendorf family While the world today may not have the plethora of dynastic houses it once did, every industry still has its proverbial ‘royal family.’ Media has the Murdochs, finance has the Rothschilds, and the digital art market has the Neuendorfs. Led by the family’s 83-year-old patriarch Hans Neuendorf who founded the revolutionary art platform Artnet before the existence of mainstream internet the Neuendorf clan is poised for world domination in this epoch of technology brought on by the pandemic. Having begun his career hitchhiking through France in the 60s to collect works by modern greats like Pablo Picasso (1881 – 1973) and Henri Matisse (1869 – 1954), the senior Neuendorf is known for his tenacity and Delphic instincts about the ever-unruly art market’s direction. ‘For 30 years, the market didn’t want to go our way in going online,’ admits Hans as we discuss the flood of galleries and auction houses now embracing e-commerc ....
artnet AG: Record Revenues and Strong Growth in Coronavirus Year 2020 Total Revenue Steady at 21.6 Million USD Despite Art Market Downturn Gross Profit Margin at 61.9 % Number of Visitors up by Around 40% Artnet Premieres ESG Report (Environmental, Social, Corporate Governance) BERLIN, GERMANY and NEW YORK, NY / ACCESSWIRE / April 1, 2021 / Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, achieved record auction sales in the financial year 2020, defying the pandemic-related weakness in the art market. Artnet Auctions fee-based revenue increased 26% year-over-year to 4.9 million USD. Artnet, therefore, became the fourth biggest auction house in terms of online sales behind Sotheby s, Christie s and Phillips. Despite all of the uncertainties, we did not cancel or postpone a single auction last year, said Jacob Pabst, CEO of Artnet AG. Rather, we launched 70 auctions, sending a clear signal that our transaction ....
Record Revenues and Strong Growth in Coronavirus Year 2020 tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
Investegate |artnet AG Announcements | artnet AG: Record Revenues And Strong Growth investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.