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Online Art Network Snares Major Seed Funding
COMPANY is the only online art market offering collectors of contemporary and emerging art a curated secondary market to sell and exchange artworks from their own collections as well their recently unveiled website expansion offering Limited Edition Prints from the hot young artists exclusively.


NEW YORK, N.Y.- Silicon Alley-based startup COMPANY a social network for contemporary art collectors and online art market announces their first seed funding of $1.6 million. The capital was raised from New York angel investors including the Reen Family Office and Ten Paces Capital Partners. COMPANY also has an offline networking event series and reality cable show debuting in the fall.

COMPANY is the only online art market offering collectors of contemporary and emerging art a curated secondary market to sell and exchange artworks from their own collections as well their recently unveiled website expansion offering Limited Edition Prints from the hot young artists exclusively.

The business was launched only this past March and already generating a profit which made for a quick capital raise. In the coming weeks, COMPANY will debut its art rental business modeled on Netflix and AirBNB catering to commercial real estate companies and hotel operators. Then in the fall its new reality show – The Collector NYC – debuts on cable fully underwritten by sponsors.

According to Founder CJ Follini, "This investment is a game changer for online art sales by allowing us to expand our unique offline networking events and digital content creation to become the only enterprise in our space with multi-platform ad and sponsorship offerings. Most importantly, these proceeds will catapult us into an extremely scalable art rental model for large commercial art consumers similar to a trade-only Netflix."





Today's News

August 5, 2011

Major Retrospective at Kulturspeicher Museum in Wurzburg Celebrates Painter Heinz Mack

Christie's Joins with Takashi Murakami to Benefit Victims of Japan's Earthquake

Sotheby's Announces Sales Reached a Record $3.4 Billion in the First Half of 2011

Edinburgh College of Art Presents Major Touring Exhibition Anish Kapoor: Flashback

Exhibit of Best Press Photographs of 2010 Opens at United Nations Headquarters

Largest Exhibition to Date of Figurative Sculptor Sean Henry's Work at Salisbury Cathedral

Miami Art Museum Names Tobias Ostrander Chief Curator, Deputy Director for Curatorial Affairs

Art and Sub-Atomic Particles Collide at European Organization for Nuclear Research

Smithsonian's Museum of Natural History Opens Exhibit on Rescued Chilean Miners

Zurich Asia to Hold Its Largest Auction of Rare Stamps of Imperial & Modern China

First Solo Exhibition in Scotland by American Artist Ingrid Calame Opens at the Fruitmarket Gallery

Tel Aviv Museum of Art Presents Exhibition of Prints by James Abbott McNeill Whistler

Bonhams to Sell Lincoln Continental Car Adapted for Pope Paul VI and Apollo Astronauts

$500,000 Grant Creates Postdoctoral Fellowship Program at Toledo Museum of Art

Online Art Network Snares Major Seed Funding

Asia Triennial Manchester 11 Expands Programme with More Artists and Commissions for 2011

National Museum of Scotland Attracts 100,000 Visitors in Six Days

New Book: Margaret Evangeline, Shooting Through the Looking Glass

Delta to Sponsor Whitney Museum of American Art

Portrait in Virginia Governor's Mansion is that of Famous Artist

Studio Museum in Harlem Announces the 2011-12 Artists in Residence and Welcomes New Assistant Curator

Visiondivision to Create Extraordinary Concession Stand for 100 Acres: The Virginia B. Fairbanks Art & Nature Park

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5.- Fondation Phi pour l'art contemporain exhibits works by pioneering artist Yoko Ono

6.- Comprehensive exhibition of Elfie Semotan's work on view at C/O Berlin

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