The First Art Newspaper on the Net Established in 1996 United States Thursday, October 23, 2014


Auctionata accelerates growth and concludes US $30 million funding round
First quarter with a turnover of €4.6 million (US $6.4 million) - +550% compared to the same period last year.
BERLIN.- The Berlin-based online art and auction house Auctionata has secured €21.5 million (US $30 million) in the course of a second funding round from the existing investors, among them Holtzbrinck, e.ventures, Earlybird and REN Invest. “The commitment of the existing investors once again demonstrates the degree of trust that Auctionata has already established among customers within the market and proves the success of the business model of live-stream auctions,” says Dr. Christian Nagel, partner of investor Earlybird. Including this new round, Auctionata has received approximately €37 million (US $52 million) in equity capital and funding.

Auctionata is the leading online destination for art, antiques, and collectibles in Europe. The company uses its patented technology to conduct live-stream auctions online within the areas of Old Masters, modern and contemporary art, porcelain, silver, antiques, design, photography, jewelry, watches, wine, Islamic art, Asian art, textiles as well as books and manuscripts. In addition, it has an online shop curated by 250 experts that offers over 10,000 rare items for sale. A total of 17 online live auctions have already been conducted in 2014, with an average sell-through rate of 77%. The total net turnover of €4.6 million (US $6.4 million) has exceeded expectations and represents a growth rate of 550% compared to the same period last year. The online shop accounts for 30% of the total turnover. Auctionata now has 75,000 customers from over 100 countries and 500,000 website visitors per month and holds the world record for a work of fine art sold by online auction with Egon Schiele’s “Reclining Woman” (sold for €1.8 million incl. buyer’s premium)

Alexander Zacke, CEO: “We are proud that Auctionata has been able to establish itself within the art and auction market in less than a year from the inception of live-stream auctions. Auctionata has succeeded in winning the trust of sellers, buyers and investors and we are looking forward to leveraging this increase in capital by expanding Auctionata’s global activities and broadcasting online auctions live from New York as of November”.





Today's News

April 16, 2014

Tate opens most comprehensive exhibition ever devoted to Matisse's paper cut-outs

Lock of Napoleon's hair stolen from historic Briars Park homestead in Australia

Christie's New York announces a special Contemporary Art evening auction

Christie's New York to offer a previously unseen masterwork by Jean-Michel Basquiat

T. rex settles into new home at Smithsonian's National Museum of Natural History

Exhibition of important early landscapes by Andreas Gursky opens at Sprüth Magers London

Newly discovered Imperial Fabergé Easter egg: A critical note from a Fabergé collector

Auctionata accelerates growth and concludes US $30 million funding round

Artists take a line for a walk in new exhibition at Zentrum Paul Klee in Switzerland

Jean-Honoré Fragonard's hymn to love and poetry at Bonhams Old Master Paintings Sale

Galerie Michael Janssen's second exhibition with Assaf Gruber opens in Berlin

Vintage voyages: Christie's announces Sale of Vintage Travel Posters and Luggage

Sotheby's New York Prints Sale to be held on 1 & 2 May led by important collections

Tauba Auerbach's first solo exhibition in the UK opens at the Institute of Contemporary Arts

Sotheby's announces first dedicated exhibition of ancient Chinese erotic art in Hong Kong

License to Thrill: First edition of Casino Royale sells for £24,180

Waddington's announces The William (Billy) Jamieson Collection Auction

Swann Galleries announces auction of early printed, medical & scientific books

Iranian-born artist Avish Khebrehzadeh's second solo show at Sprovieri opens in London

High prices achieved by Himalayan bronzes and Indian paintings at Arthur Millner's auction

Morphy's May 3 Spring Toy Auction shines a spotlight on today's most popular collecting categories

Cartier diamond brooch leads Bonhams New York Fine Jewelry Sale with a dazzling $317,000

Most Popular Last Seven Days



1.- Image of a Christ without a beard, short hair and wearing a toga unearthed in Spain

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3.- Bonhams sale of 18th century French decorative arts to benefit Fine Arts Museums of San Francisco

4.- Paris flustered by erection of 'sex-toy' sculpture; Paul McCarthy slapped by a passer-by

5.- High art or vile pornography? Marquis de Sade explored in Orsay museum exhibition

6.- 'Cubism: The Leonard A. Lauder Collection' opens at the Metropolitan Museum of Art

7.- Greek culture minister says Elgin Marbles return a matter of 'global heritage'

8.- Vandals deflate Paris 'sex-toy' sculpture by American artist Paul McCarthy after outrage

9.- Exhibition at National Gallery in London explores Rembrandt's final years of painting

10.- 'Hans Memling: A Flemish Renaissance' opens at the Scuderie del Quirinale in Rome



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