The First Art Newspaper on the Net   Established in 1996 United States Wednesday, August 24, 2016


eBay and Sotheby's partner to bring world class art and collectibles to a global community
The number of lots purchased online at Sotheby's last year jumped 36 percent from that seen in 2012, with an accompanying surge in bidders using smartphones or tablets to access the auction house online.

By: Sophie Estienne

NEW YORK, NY.- Highbrow art house Sotheby's is opening a door to the masses in an alliance with Internet age online marketplace eBay.

The companies touted the tie-up as uniting eBay's global clout with the "iconic international art" expertise of Sotheby's famed auction house.

The eBay website will soon launch a revamped market for art and collectibles, featuring live auctions with real-time bidding from around the world. Sotheby's was billed as the virtual venue's "anchor tenant."

The collaboration will begin with a series of live auctions from Sotheby's headquarters in New York City.

The companies will also "explore themed and time-based sales, as well as live auctions from Sotheby's other global salesrooms."

"The growth of the art market, new generation technology and our shared strengths make this the right time for this exciting new online opportunity," said Sotheby's chief operating officer Bruno Vinciguerra.

"We are joining with eBay to make our sales more accessible to the broadest possible audience around the world."

Sotheby's says online bidders accounted for about 17 percent of the lots offered in 2013.

The number of lots purchased online at Sotheby's last year jumped 36 percent from that seen in 2012, with an accompanying surge in bidders using smartphones or tablets to access the auction house online.

Mobile devices account for a quarter of the visits so far this year to people visiting sothebys.com.

$41,000 watch
More than half of Sotheby's lots sold in the $5,000 to $100,000 price range. The average price of a watch auctioned at Sotheby's topped $41,000 while the average winning bid for a print was about $27,500.

John James Audubon's elephant-folio "The Birds of America" sold in April 2014 for $3.5 million, setting a record for an online purchase in a live auction at Sotheby's.

Devin Wenig, president of eBay Marketplaces, said the partnership "is a significant milestone in our efforts to expand the live auction market."

"Sotheby's is one of the most respected names in the world," Wenig added.

"When you combine its inventory with eBay's technology platform and global reach, we can give people access to the world's finest, most inspiring items -- any time, anywhere and from any device."

California-based eBay has some 145 million customers in 190 countries, and says 36 million purchased some $8 billion in collectibles from the site in 2013.

According to surveys cited by the two firms, the global art market is currently estimated around $65 billion and online art sales could reach $13 billion by 2020.

By accessing eBay's huge audience, Sotheby's increases the potential for bidding competition and, by extension, bigger payoffs on art or collectibles put on the blocks.

"The more people bidding, the more money sellers make and the more money Sotheby's makes; so it is sort of a natural," said analyst Rob Enderle of Enderle Group in Silicon Valley.

Sotheby's will need to be cautious about dulling its reputation as a high-end auction house by rubbing elbows with eBay, which is known for bargains and oddities, according to the analyst.



© 1994-2014 Agence France-Presse






Today's News

July 15, 2014

eBay and Sotheby's partner to bring world class art and collectibles to a global community

National Gallery of Art names Lynne Cooke Senior Curator, Special Projects in Modern Art

Cleveland is the final venue for award-winning exhibition 'Yoga: The Art of Transformation'

Romanians must pay 18 million euros over Kunsthal Museum Rotterdam art heist

Leading artist Tobias Rehberger 'dazzles' ship to mark First World War centenary

Exhibition of recent work by Canadian artist Scott McFarland opens at Regen Projects

Exhibition of works from the art collection of Russia's Ministry of Internal Affairs opens in Moscow

Pittsburgh's Frick Art & Historical Center announces new Orientation Center opening

Exhibition on Screen returns with new series of films bringing great art to big screens across the globe

South Africa's Cape Town carves out major new Zeitz Museum of Contemporary Art Africa

'Tove Jansson: Tales from the Nordic Archipelago' opens at the Institute of Contemporary Arts

First exhibition to present live performances of Yvonne Rainer’s dance works opens at Raven Row

Still Life: Exhibition of 1970s Photorealism opens at the Nassau County Museum of Art

'Laurie Vannaz: The Lost Ship' opens at Fri Art

Met seeking Associate Curator for Modern Contemporary Art: Middle East, North Africa, and Turkey

Collectors and curators converge on the capital for London Art Week

MIT List Visual Arts Center's List Projects presents Sergei Tcherepnin

Savannah College of Art and Design Museum presents Jack Leigh photography exhibition

New York artist Jeremy Everett arrives for first solo show in Hong Kong

A delightful treat: Elisa Contemporary Art opens Sweet at The Design Studio in Bridgehampton

Collection of Outsider art on view at the Customs House Museum

Most Popular Last Seven Days



1.- Goya's Black Paintings reveal their secrets 200 years later

2.- 500-year-old German engraving by Albrecht Durer surfaces at French flea market

3.- X-ray flourescence and image processing unmask the woman Degas painted over

4.- Swimsuit mural of Hillary Clinton creates a stir in Australia

5.- Dali and Lempicka paintings stolen from museum 'found after seven years'

6.- Japan exhibition mourns fading sex culture

7.- Steven and Ann Ames collection to lead Sotheby's New York sales this November

8.- Ancient Australian flesh-eating marsupial discovered

9.- Swimsuit mural of Hillary Clinton creates a stir in Australia

10.- David Huddleston, 'The Big Lebowski,' dies at 85



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemariasound.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful