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    ART   DE000A1K0375


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: artnet AG: Second Quarter off to a Strong Start as Artnet Auctions Achieves New Heights in April

05/17/2021 | 09:11am EDT
DGAP-News: artnet AG / Key word(s): Development of Sales/Monthly Figures 
artnet AG: Second Quarter off to a Strong Start as Artnet Auctions Achieves New Heights in April 
2021-05-17 / 15:10 
The issuer is solely responsible for the content of this announcement. 
Second Quarter off to a Strong Start as Artnet Auctions Achieves New Heights in April 
- 49% increase YoY in fee based revenue for Artnet Auctions in April 
- 60% increase YoY in new buyer volumes and 65% increase in new bidder volumes YoY 
- 300% increase YoY in number of works sold above USD100k for 2021 YTD 
Berlin/New York, May 17, 2021-Berlin-based Artnet AG, the leading provider of art market data and online-only fine art 
auctions announced that April 2021 was another record month for Artnet Auctions. Fee-based revenue saw an increase of 
49% to USD660k USD YOY. As the strongest April in Artnet Auctions' history, the latest results continued a sustained 
trend of record-breaking months. Nine of the last twelve months have been the strongest-ever since Artnet Auctions' 
founding. In the first quarter, fee-based revenue at Artnet Auctions rose by 25% year-over-year to 1.2 million USD, 
setting a new revenue record for a first quarter. 
"The past year presented a perfect storm of market conditions in the art industry and our team has been ready to meet 
those conditions with expert strategy and execution," says Colleen Cash, Vice President of Auctions. "Our Post-War & 
Contemporary, Photographs, and Prints & Multiples teams are operating at the highest level of innovation, curation, and 
market savvy, and consignors, buyers, and bidders are taking notice." 
Artnet Auctions has debuted a series of new initiatives in 2021 focused on client acquisition and market expansion. A 
webinar-based content series called "A Closer Look" connects clients to critical art market players in conversation on 
industry topics, and the series has garnered hundreds of attendees from across the globe. Additional initiatives 
focused on expanding the curatorial and market reaches of the platform have proven successful, and April's inaugural 
Art of the Americas sale and Africa Present sale saw scores of new bidders, buyers, and consignors across categories, 
geographies, and demographics. 
"The online art market is at a fever pitch," says Jacob Pabst, CEO of Artnet. "More artwork is being offered and traded 
than ever before in the digital realm, and trust in the platform and access to quality works is critical to this 
growing client base. Artnet Auctions' efficiency, digitally native operation, and 24/7 offering is unmatched in the 
Trust and access are key considerations for clients in the online market, and April saw the successful sale of Andy 
Warhol's Campbell Soup Cans II, (complete series of 10 works) for USD456,000 as well as Aboudia's Untitled which sold for 
The spring season is well underway at Artnet Auctions, though no slowdown is in sight. The team's highly anticipated 
Street Level sale is open for consignments through May 20th, and perennially successful Contemporary Editions sale is 
open for consignments through June 2nd. 
The recently published Quarterly Interim Statement for the First Quarter of 2021 is available at artnet.com/ 
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 
2021-05-17 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:  1197379 
End of News   DGAP News Service 

1197379 2021-05-17

Image link: 

(END) Dow Jones Newswires

May 17, 2021 09:11 ET (13:11 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
ARTNET AG 0.00% 8.8 Delayed Quote.22.22%
CAMPBELL SOUP COMPANY -2.08% 42.45 Delayed Quote.-12.20%
DJ INDUSTRIAL -0.92% 34792.67 Delayed Quote.13.83%
DOW JONES AFRICA TITANS 50 INDEX -0.39% 526.24 Delayed Quote.-0.56%
S&P AFRICA 40 INDEX -0.26% 171.16 Delayed Quote.-0.82%
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More news
Sales 2020 18,9 M 22,4 M 22,4 M
Net income 2020 1,92 M 2,28 M 2,28 M
Net Debt 2020 0,72 M 0,85 M 0,85 M
P/E ratio 2020 20,8x
Yield 2020 -
Capitalization 49,5 M 58,6 M 58,6 M
EV / Sales 2019 1,20x
EV / Sales 2020 2,15x
Nbr of Employees 122
Free-Float 23,0%
Duration : Period :
artnet AG Technical Analysis Chart | MarketScreener
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Technical analysis trends ARTNET AG
Short TermMid-TermLong Term
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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