Welcome!

News Feed Item

Auctionata Achieves Remarkable Growth In First Half Of 2014

NEW YORK, Aug. 8, 2014 /PRNewswire/ -- The online auction house Auctionata (www.auctionata.com), founded in Berlin in February 2012, reports continued above-average growth in the first half of 2014 with total sales1 reaching €12 million ($16.1 million), a 96% increase over the second half of 2013, when sales totaled €6,1 ($8.2 million).

Adjusted net revenuesreached of €3,6 million (US $4.8 million), an increase of 211% compared to the second half of 2013. In June 2014 net revenue reached an annual run rate of €14,94 million (US $20.2 million).

Since the launch of the weekly live stream auctions in May 2013, 25,000 bidders from more than 100 countries have made auction bids with a total value of €210 million (US $282 million). Since the online valuation service and network of experts were launched, businesses and individuals have uploaded 650,000 objects to the Auctionata website, from which Auctionata experts have selected 25,000 for auction and the online shop. In 2014 alone, merchandise valued at €37 million (US $50 million) has been consigned to Auctionata for sale, either by auction or at fixed price through Auctionata's online shop.

Several auctions across all auction categories involved rather aggressive bidding battles, resulting in surprisingly high winning bids (prices include buyer's premium and exclude sales tax):

  • Agostino Bonalumi (1935-2013), Two Wall Objects, 1966, for €84,000 (US $113,000)
  • Rare Fire-Gilt Bronze Figure of Buddha Amithaba, China, Yongle, for €240,000 (US $322,000)
  • Patek Philippe Split Second Chronograph, Reference 5004 R, for €192,000 (US $258,000)
  • Wolfgang Tumpel, Rare Silver Coffee Pot, Germany, 1928, for €40,000 (US $54,000)
  • Franz Ivan Roubaud (1856-1928), Circassian Troops, 1880s/1890s, for €156,000 (US $209,000)
  • Petr Konchalovsky, Portrait Dmitri Konchalovsky, 1934, for €96,000 (US $129,000)
  • Jodocus Erfordensis – Early Incunabulum 'Vocabularius', 1473/74, for €26,000 (US $35,000)
  • Arman & George Boisgontier, Chess Game 'Double Gambit', 1986, for €108,000 (US $145,000)
  • 7 bottles 1982 Chateau Lafite Rothschild, Pauillac, for €15,000 (US $20,000)

With a growing list of over 100,000 registered clients, Auctionata has been able to further strengthen its position as the leading online market for art, antiques and collectibles. June saw the establishment of another milestone in the young history of the company: thanks to its excellent record on internet security and transparency, Auctionata received the German TUV certification, making it the only online fine art sales and auction house to earn such recognition of quality and reliability.

Since June 2014, a full-service office in New York City's Fuller Building (41 East 57th Street & Madison Avenue), attends to the American market with a current staff of 30 employees. Beginning in November, weekly live auctions will also be broadcast directly from New York, and Eric Gonon, the creator of CNBC's famous "Mad Money" show, will be in charge of Auctionata's weekly live stream auction show broadcasts. In addition, Auctionata entered into a co-branding partnership with the photography editions gallery LUMAS in July. Within this framework, joint auctions of photography will be held starting in fall 2014.

- All Euro prices are converted into Dollar prices by using the exchange rate from August 04, 2014 (1€ = 1.3422 $)


1 Total sales – Gross Merchandise Value of sold items
2 Adjusted net revenues – Commission and service revenues after corrections

Auctionata at a glance (www.auctionata.com)

Auctionata is the inventor of the live stream auction. The Berlin-based start-up company makes the art, antiques and collectibles market transparent, easily accessible, and available to all buyers and sellers by being the only company in the world to offer all the services of a traditional auction house on a single website. Since May 2013, live stream auctions have been broadcast throughout the entire world several times a week from its own TV studio. Auctionata provides a clear view of both the auctioneer and the object on the block, real-time information about the bidding and the opportunity to submit live bids – no matter where you are in the world at that moment. The patented technology ensures that the auctioneer receives all the bids in the proper sequence and can correctly and fairly award the winning bid.

In addition to the regular live stream auctions, Auctionata also offers an online shop curated by experts, with more than 15,000 objects from a multitude of specialty areas – ranging from paintings and jewelry to Asian art, porcelain, design, and antiques – that can be purchased around the clock, all at set prices. The unique combination of live stream auction and online shop enables sellers to always reach a suitable buyer for objects at any price level.

Auctionata's valuation service is free and without obligation, accessible to everyone, and saves time and expense: An initial valuation, based simply on a photograph of the object, is normally made within a week. With more than 250 members, the worldwide largest independent network of   experts and art appraisers enables quick and professional valuation of objects from more than 100 fields of specialization.

AUCTIONATA PRESS AND PUBLIC RELATIONS

Robin Davis I The Townsend Group I (203)-622-1334 I [email protected] Redington Jahncke I The Townsend Group I (203)-622-1334 I [email protected]

 

SOURCE The Townsend Group

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, showed how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningful f...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...