artnet, the world's leading resource to buy, sell, and research Fine Art, Design, and Decorative Art online has released its financial results for the first three months of 2014. Buoyed by recovering economic conditions in
During the first quarter of 2014, artnet's overall revenue in US dollars increased 8%, to
One of the most significant developments this year was the introduction of our global news site, artnet News. Launched in February, artnet News has quickly become a trusted platform for art professionals and aficionados, providing readers with constant access to the events, trends, developments, and people that shape the art market and global art industry. This renewed focus on news has allowed the company to strengthen its unique position as the leading online destination for all things art market related.
Shortly after artnet News was launched, artnet released the first phase of its website redesign, which features a cleaner and more contemporary site with more intuitive navigation and increased functionality. The launch marked another important milestone for the artnet brand, emphasizing the usability of all of our products and services. Further improvements to the site will follow in the coming months, offering significant advantages to clients and a greatly improved visitor experience. This redesign is expected to drive revenue throughout 2014.
While revenue for artnet Advertising remained at the same level as the previous year, increased traffic from artnet News and the site redesign are expected to have a positive impact on future sales, as clients will now have an even wider range of placement opportunities and new ways to reach and engage with their target audience. The redesign will also benefit the artnet Gallery Network and increase revenue, as more clients realize the full potential of our global reach through recent additions to our product offerings and more advertising opportunities.
artnet Auctions and Private Sales: Q1 Performance
artnet Auctions' top categories for Q1 2014 include prints and multiples, photographs, and Post-War and Contemporary Art. Among the standout individual sales were:
• Juan GenovÉs, La cava--The hunt (1967), which sold for
The average price of lots sold on artnet Auctions also increased in the first quarter, from
To learn more about artnet's performance in the first quarter of 2014, please read the full Q1 report, which can be found online, here.
To receive further information, or to arrange interviews, members of the media may contact:
Vice President of Marketing and Sales
+1-212-497-9700 ext. 205
artnet is the leading online resource for the international art market. Established in 1989, artnet provides reliable information and market transparency to art collectors. With our comprehensive suite of products, artnet can empower anyone with a passion for art.
With 24/7 worldwide bidding, artnet Auctions & Private Sales is a dynamic marketplace for collecting art. Our online auction platform provides a unique collecting experience with seamless flow between consigners, specialists, and collectors. Our auctions and private sales community influences new collectors and inspires everyone to collect art.
Read the full story at http://www.prweb.com/releases/2014/05/prweb11865923.htm
Most Popular Stories
- Illegal Immigration Near Historic Low, Despite What You May Have Heard
- Small-Business Loans Fueling Economic Growth
- Ford: New F-150 Is No Lightweight
- Gasoline Costs Drive Consumer Price Increases
- Saudi Arabia Will Open Stock Market to Foreigners
- Durbin Drubs Walgreen for Possible Tax Dodge
- Tesco Head Steps Down After Profit Warning
- Russians Fed Steady Diet of Conspiracy Theories
- Want a Job? Try Minneapolis
- Comic-Con Offers Toy Designers a Chance to Go Wild