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German Art Trading Platform @Artnet Takes Over NY's ArtList to Boost Online Auctions

German Art Trading Platform @Artnet Takes Over NY's ArtList to Boost Online Auctions

Art Basel, a British art appraisal company was set to sign a deal to acquire the New York-based start-up but [the deal] went awry on the very day that it was meant to be signed. The next day, all five of ArtList‘s employees were let go, and the company summarily moved their belongings out of their shared office space at 356 Bowery,” she said. The site was launched in January 2015 by the young, hip French trio of Kenneth Schlenker, Astrid de Maismont, and Maxime Germain. “It had roughly 50 users and an inventory of some 300 works that were sold in three categories—prints and editions, unique works selling for below $50,000, and unique works above $50,000. Currently, there are 9,000 users registered users on the site,” added Jovanovic. ArtList, not to be confused with the London based art information website Artlyst, is the reincarnation of the art events startup Gertrude founded in 2012 by Schlenker, a former product marketing manager at Google, who will join Artnet as the new Chief Marketing Officer. de Maismont will also join Artnet’s auction department. Artnet, formerly Centrox Corp, is a leading online resource for the international art market and a premier destination to buy, sell and research art online. The company was founded in 1989 by French collector Pierre Sernet. In the 1990s, German art dealer Hans Neuendorf started investing in the company, becoming its chairman in 1992 and CEO in 1995, at which time the company’s name was changed to Artnet Worldwide Corp. In 1998, it was taken over by Artnet AG. In 2012, the company ceased publication of its online magazines, and Neuendorf’s son Jacob Pabst became the company’s chief executive. The Artnet Fine Art and Design Price Database and the Artnet Decorative Art Price Database feature over 10 million auction sale results since 1985 from over 1400 international auction houses. Market values and long-term price developments of artworks can be researched online. Artnet online Gallery Network, consisting of more than 2,200 international galleries worldwide. Collectors are able to search by artist, movement and medium and can contact sellers directly. This service is free of charge for collectors, while galleries pay a monthly fee. Artnet AG has a current market capitalization of 16.3 million euros. “It was a natural choice to acquire ArtList as part of our ever evolving trajectory to push these boundaries and expand the possibilities in the international art market,” said Pabst. “It is yet another step to revolutionize the auction genre.” Artnet is leading the development of a streamlined approach to fine art sales in the secondary market. Artnet is known for being at the cutting edge of art and technology, garnering “the most online traffic by far of any company in the art sales domain,” the company says. “ArtList was founded with the goal to buy and sell art online directly from owner-to-owner, without dependence on the brick-and-mortar auction houses,” said Schlenker . “With artnet’s illustrious history and enormous strength in the industry, we will be able to take our goals to the next level, working on a much larger scale and capitalizing on the millions of people who use artnet each month.” Photo (L-R): Maxime Germain, Artlist head of product; Astrid de Maismont, head of sales; Kenneth Schlenker, CEO.]]>

Eduardo Costantini, Argentina's art-loving property tycoon

Eduardo Costantini, Argentina's art-loving property tycoon

Costantini started his business empire in 1975, when he launched his own investment firm, Consultatio, and started buying and developing property. By the end of the 1970s Consultatio’s property arm went on to build sizeable new suburbs in Buenos Aires. From 1991 to 1993 Costantini further served as vice president of BBVA Banco Frances, one of Argentina’s largest banks. [caption id="attachment_5382" align="aligncenter" width="440"]nordelta Nordelta, founded in 1999, is located in the Northern Tigre delta of Buenos Aires Province. It consists of a gated community made up of 9 neighborhoods built on swampland, and is known as Argentina’s first ciudad-pueblo, or city-ville.[/caption] But if Mr Costantini’s successful day job involves investment and property development, his passion is collecting art. “One day I saw this gallery where I really liked the works of Argentine artist Antonio Berni,” he told the BBC. “So I got in and bought my first two paintings. And I couldn’t stay away from art since then.” He has since gone on to build a big collection of paintings and other art works from across Latin America. But rather than lock them away, in 2001 he opened the Latin American Art Museum of Buenos Aires, or Malba, a futuristic building that he paid for. [caption id="attachment_5383" align="aligncenter" width="439"]malba MALBA, the Latin American Art Museum of Buenos Aires, is located on Figueroa Alcorta Avenue, in the Palermo section of Buenos Aires.[/caption] (additional reporting by BBC News)]]>