Wikipedia

Artnet

This article is about an art-dealing website. For the lighting industry control system, seeArt-Net.

Artnet.comis anart marketwebsite. It is operated by Artnet Worldwide Corporation, which has headquarters inNew York City.[2]It is owned byArtnet AG,a German publicly-traded company based inBerlinthat is listed on theFrankfurt Stock Exchange.[2][3]The company increased revenues by 25.3% to €17.3 million in 2015 compared with a year before.[4]

Artnet AG
Company typeStock corporation(Aktiengesellschaft)
FWB:ART
IndustryArt market
FoundedasCentrox Corporation1989;35 years ago(1989)
FounderPierre Sernet
Headquarters
New York, Berlin, London
Key people
Jacob Pabst (CEO)
Revenue$21,878,000[1]: ii (2019)
OwnerArtnet AG
Number of employees
122[1]: ii (2019)
Websiteartnet.com

Company history

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The company was founded as Centrox Corporation in 1989 by Pierre Sernet,[5][6]a French art collector who developed database software which allowed images of artworks to be associated with market prices.[7]Hans Neuendorf,a Germanart dealer,began to invest in the company in the 1990s;[7]he became chairman in 1992 andchief executive officerin 1995.[5]That same year, the name was changed to Artnet Worldwide Corporation. It was taken over by Artnet AG in 1998.[8]: 14 Neuendorf's son, Jacob Pabst, became chief executive officer in July 2012.[9]

Website

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Artnet operates an international research and trading platform for the art market, including works offine art,decorative artsanddesign.Its services allow users to research art, contactgalleriesdirectly, and attain price transparency in the art market. The platform caters to art dealers as well as buyers.[10]

In 2008, Artnet launched the first online auctions platform exclusively for works of art.[11]In 2015, the site saw a 120% increase in new registrations, rising sell-through rates, and a notable increase in numbers of lots sold.[12]

A French version of the site, artnet.fr, was launched in October 2008. It included a French-language magazine which offers a critical overview of the art market in France.[13]

In February 2014, the company launched a website, Artnet News.Benjamin Genocchio,former editorial director ofLouise Blouin Media,was appointed editor-in-chief.[14][15]

Services

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Artnet's primary service is online auctions. The Artnet Fine Art and Design Price Database and the Artnet Decorative Art Price Database contain over 10 million auction sale results dating back to 1985 from over 1700 internationalauction houses.[12][4]Market value and long-term price developments of artworks can be researched online.[16]

An additional product is the Artnet online Gallery Network, an online platform that connects galleries and collectors from around the world. With over 35,000 artists and 2,200 international galleries worldwide,[17]it is the largest network of its kind, and generates inquiries from both collectors and first-time buyers.[12]

Subscribing galleries can list works for sale on the site.[18]

Collaborations

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In 2004, Artnet and the international auction houseSotheby'sbegan a collaboration.[19] A collaboration withArt Basel/Art Basel Miami Beachwas also launched in 2007.[20]

References

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Wikimedia Commons has media related toArtnet.
  1. ^ab"Annual Report 2019"(PDF).artnet AG.Archived(PDF)from the original on 25 July 2021.Retrieved11 August2020.
  2. ^abGeorgina Adam (8 May 2015)."The Art Market: outside the white cube"Archived2016-07-30 at theWayback Machine,The Financial Times.Accessed September 2015.
  3. ^Randy Kennedy (21 June 2011),"A Resurgence in Art Buying Over the Web"Archived2017-04-09 at theWayback Machine,The New York Times.Accessed September 2015.
  4. ^abAnnual Report 2015Archived2017-02-15 at theWayback Machine.Artnet AG. Accessed March 2017.
  5. ^ab"About Us: Fact Sheet",Artnet. Archived 31 January 2009.
  6. ^Company Overview of Artnet Worldwide CorporationArchived2017-06-20 at theWayback Machine.Bloomberg L.P. Accessed September 2015.
  7. ^abThomas Hüetlin, Christopher Sultan (trans.) (7 June 2012)."Online Rebellion: Dealer Tries to Liberate Art from the Elite"Archived2016-12-07 at theWayback Machine,Spiegel International.Accessed September 2015.
  8. ^Annual Report 2014Archived2015-09-07 at theWayback Machine.Artnet AG. Accessed September 2015.
  9. ^Catherine Hickley (25 June 2012)."Artnet Founder Neuendorf Cedes CEO Role to Eldest Son Pabst"Archived2014-06-05 at theWayback Machine,Bloomberg L.P. Accessed September 2015.
  10. ^"OnVista".Archivedfrom the original on 1 June 2015.Retrieved12 November2016.
  11. ^"Annual Report 2009"(PDF).p. 14.Archived(PDF)from the original on 16 December 2011.Retrieved26 May2010.
  12. ^abcArtnetArchived2017-01-26 at theWayback Machine.Accessed March 2017.
  13. ^"Annual Report 2009"(PDF).p. 9.Archived(PDF)from the original on 16 December 2011.Retrieved26 May2010.
  14. ^Carol Vogel (12 December 2013)."Steve McQueen Among 6 Hugo Boss Prize Finalists"Archived2017-06-24 at theWayback Machine,The New York Times.Accessed September 2015.
  15. ^[s.n.] (15 January 2014)."Benjamin Genocchio To Lead Art Net's Global Art Market Newswire: Artnet News"Archived2015-11-10 at theWayback Machine,Media Wired Daily. Accessed September 2015.
  16. ^Vogel, Carol (15 November 2009)."Art Prices (and Mood) Inch Back Up".The New York Times.Archivedfrom the original on 30 May 2013.Retrieved26 May2010.
  17. ^Peake, Mike (4 October 2009).""The 10 best visual websites"".The Times.Retrieved26 May2010.
  18. ^Sapienza, Terri (3 September 2009)."Resources for Finding and Decorating with Art".The Washington Post.Archivedfrom the original on 27 March 2016.Retrieved18 September2009.
  19. ^"Investments you can live with"CNNMoney.com.Money.cnn.comArchived2022-10-04 at theWayback Machine.Retrieved 26 May 2010.
  20. ^Liberman, Gail. "Managing your Future. How to buy art in today's market".Palm Beach Daily News,24 January 2010.
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