– The sale of Non-Fungible Token (NFT) will start this fall with an exceptional advisory board
– 20% increase in value of transactions sold on artnet Auctions compared to the previous year
– Sales up 94% for artnet News in August
BERLIN, GERMANY and NEW YORK, NY / ACCESSWIRE / October 1, 2021 / artnet AG, the leading provider of online art auctions, art market data and news, announces NFT sales for the fall season. artnet will begin selling with key NFT artists. “With 5.7 million users and more than 16 million page views per month, artnet is perfectly positioned to lead the NFT space. We want to bridge the gap between the crypto community and the visual arts,” said Colleen Cash, Vice President artnet Auctions.
artnet is also establishing an advisory board of NFT industry experts made up of market and opinion leaders in the field.
artnet is one of the pioneers of the digital art market and was the first to offer online sales of fine art. Today, artnet Auctions holds more than 70 curated auctions a year with a selection of coveted modern and contemporary art, prints, and photography. It offers collectors strategic buying and selling opportunities throughout the year. As of the end of August, the value of transactions sold on artnet Auctions increased by 20% year-on-year to US $ 18.5 million and revenue by 15% to US $ 3.6 million.
Advertising revenues increased by 31% to 3.1 million compared to the previous year. In August alone, artnet News sales rose 94% year over year to $ 0.4 million. “We expect increasing growth rates in all segments, especially with regard to our online platform for art auctions and NFT sales. Leveraging our unique data and analytics, the transparency, trust, and ease of shopping that artnet offers will be our growth, “said Jacob Pabst, CEO of artnet.
artnet News Pro recently released the Fall Intelligence Report with a strong focus on NFTs. The report is read industry wide and is unparalleled in its reporting standards. The secret service report can be found here: https://news.artnet.com/market/introducing-the-artnet-intelligence-report-fall-2021-edition-2010965
You can find all other investor relations news here: http://www.artnet.com/investor-relations/
Correction: In a corporate news dated September 29, 2021, it was stated that Erick Calderon was a member of the NFT Advisory Board of artnet. This is not the case, but the respective passage has been adapted.
With worldwide bids around the clock, artnet Auctions is the leading online marketplace for buying and selling art. New bidders, buyers and consignors in all categories, regions and demographics entrust their needs to artnet Auctions. More works of art are offered and traded digitally than ever before, and the efficiency, digital native operation, fast turnaround and continuous sales throughout the year are unmatched in the industry. The auction platform enables instant transactions with a seamless flow between sellers, specialists and collectors. In addition to online auctions, artnet is the leading resource for online research into art.
Founded in 1989, artnet’s line of industry-leading products has revolutionized the way people discover and collect art today. The Price Database contains more than 14 million auction results from 1,900 auction houses dating back to 1985 and provides the art market with unparalleled transparency. The Gallery Network platform connects leading galleries with collectors from around the world and offers the most comprehensive overview of works of art for sale. artnet News reports on the events, trends and people that shape the global art market with the latest analyzes and expert comments.
Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards.
SOURCE: artnet AG
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