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
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, will discuss some of the security challenges of the IoT infrastructure and relate how these aspects impact Smart Living. The material will be delivered i...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., will discuss how these tools can be leveraged to develop a lasting competitive advanta...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.