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    ART   DE000A1K0375


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PRESS RELEASE : artnet AG: Artnet Auctions Sets Sights on the Million Dollar Market and Succeeds

06/10/2021 | 09:02am EDT
DGAP-News: artnet AG / Key word(s): Development of Sales/Miscellaneous 
artnet AG: Artnet Auctions Sets Sights on the Million Dollar Market and Succeeds 
2021-06-10 / 15:00 
The issuer is solely responsible for the content of this announcement. 
Artnet Auctions Sets Sights on the Million Dollar Market and Succeeds 
- Frank Stella's Rozdol I sells for 1.1M USD 
- Five of the most expensive works in the platform's history sold in the past five months 
- Platform to test market waters with high value sale in August 2021 
Berlin/New York, June 10, 2021-Berlin-based Artnet AG, the leading provider of art market data and online-only fine art 
auctions announced that Artnet Auctions' model of speed, efficiency, and curatorial savvy has proven a winning one in 
recent months, and the business has continued to exceed historical precedents in sales, average transaction value, and 
volume. In May 2021, following the strongest first quarter in the business' history, the platform saw the successful 
sale of Frank Stella's Rozdol I for 1.1M USD. This work joins the ranks of many other high value works sold on the 
platform in recent months. 
The sale of Rozdol I sets a new auction record for a work from this important series. Like it's sister piece Rozdol II, 
the historic Polish Village series works are held in the most prestigious museum collections around the world. 
"The sale of Rozdol I confirms what we long knew about the promise of our model", says Jacob Pabst, CEO. "Market 
participants have grown increasingly comfortable with online transacting in the last eighteen months, and Artnet 
Auctions has been a key player in effectuating those behavioral changes. Clients know we are a standard-bearer in 
facilitating the sale of high quality works of art online, and our team of specialists are the best in the business. 
This landmark sale is just the beginning of our runway for growth and expansion." 
Artnet Auctions' global team facilitates more than 70 online auction events annually and also facilitates private 
sales. "The Artnet Auctions team is unlike any other team of specialists, cataloguers, and art business professionals 
in the market", says Colleen Cash, VP, Auctions. "We employ a hybrid approach that couples best practices in client 
development and modern technology to provide the fullest support to the artworks we are trusted to sell. Our consignors 
and buyers alike have taken note of this unique advantage: year-to-date we have seen a 30% increase in total buyers, a 
39% increase in total bidders, and a 21% increase in total sellers. That played no small part in our selling this 
Stella masterpiece, or in our selling five of our top selling lots in our business' history in 2021 alone." 
The Artnet Auctions team is keen to continue realizing growth and innovation in the year ahead, and will look to 
further test their growing strength in the upper tiers of the market this August with a high-value Post-War & 
Contemporary Art sale. Estimates will range from USD100,000-USD1,000,000 and consignments are currently being accepted for 
that sale. 
About Artnet 
Artnet is the leading resource for buying, selling, and researching art online. Founded in 1989, Artnet's suite of 
industry-leading products has revolutionized the way people discover and collect art today. 
The Price Database contains more than 14 million auction results from 1,900 auction houses dating back to 1985, 
providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading 
galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. Artnet 
Auctions was the first dedicated online marketplace for fine art, providing a seamless and efficient collecting 
experience for both buyers and sellers. Artnet News covers the events, trends, and people shaping the global art market 
with up-to-the-minute analysis and expert commentary. Artnet AG is listed in the Prime Standard of the Frankfurt Stock 
Exchange, the segment with the highest transparency standards. 
ISIN: DE000A1K0375 
Sophie Neuendorf 
2021-06-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      artnet AG 
              Oranienstraße 164 
              10969 Berlin 
Phone:        +49 (0)30 20 91 78 -0 
Fax:          +49 (0)30 20 91 78 -29 
E-mail:       info@artnet.de 
Internet:     www.artnet.de 
ISIN:         DE000A1K0375 
WKN:          A1K037 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Stuttgart, Tradegate Exchange 
EQS News ID:  1206312 
End of News   DGAP News Service 

1206312 2021-06-10

Image link: 

(END) Dow Jones Newswires

June 10, 2021 09:01 ET (13:01 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ARTNET AG 8.25% 10.5 Delayed Quote.45.83%
DJ INDUSTRIAL 1.00% 34258.32 Delayed Quote.10.99%
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More news
Sales 2020 18,9 M 22,1 M 22,1 M
Net income 2020 1,92 M 2,25 M 2,25 M
Net Debt 2020 0,72 M 0,84 M 0,84 M
P/E ratio 2020 20,8x
Yield 2020 -
Capitalization 59,1 M 69,4 M 69,1 M
EV / Sales 2019 1,20x
EV / Sales 2020 2,15x
Nbr of Employees 120
Free-Float 22,1%
Duration : Period :
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Income Statement Evolution
Managers and Directors
Jacob Pabst Chief Executive Officer
Pascal Decker Chairman-Supervisory Board
Hans Neuendorf Member-Supervisory Board
Michaela Diener Deputy Chairman-Supervisory Board
Sophie Neuendorf Investor Relations Contact
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