DGAP-News: artnet AG / Key word(s): Development of Sales/Market Report 
artnet AG: Artnet Auctions Print Sale Sets Records For Total Sales And Individual Works 
2021-04-14 / 08:45 
The issuer is solely responsible for the content of this announcement. 
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Artnet Auctions Print Sale Sets Records For Total Sales And Individual Works 
- Premier Prints & Multiples Sale Achieves 1.7 Million USD 
- Andy Warhol Screenprint Set Sold For 456,000 USD 
- Record Prices For Works by David Hockney, Damian Hirst, and Gerhard Richter 
New York/Berlin, April 14, 2021 - Artnet Auctions' recent Premier Prints & Multiples sale set a new revenue record for 
a single sale in the history of the online-only auction platform, exceeding 1.7 million USD in total sales. The average 
price of lots sold hit 38,000 USD - more than double the average for all Artnet Auctions sales in 2020. The sale 
included historical and contemporary editions ranging from 10,000 USD to more than 100,000 USD. It established new 
auction records for works by artists Rashid Johnson, Barbara Kruger, Damien Hirst, David Hockney, Elizabeth Peyton, 
Robert Longo and Gerhard Richter. The top lot was Andy Warhol's Campbell's Soup II, a complete set of 10 screenprints 
from 1969, which sold for 456,000 USD - the first lot offered in a Prints sale at Artnet Auctions to sell for more than 
400,000 USD. 
Artnet Auctions has launched several initiatives in 2021 aimed at expanding its curatorial reach and overall market 
presence. Art of the Americas and Africa Present, two current sales at Artnet Auctions, were launched in partnership 
with world-renowned experts to bring high-quality works in several of the art market's newer curatorial categories to 
the platform. The Auctions team is dedicated to surfacing artists and artworks from all reaches of the globe and 
expanded its offerings to meet the increasing online demand from buyers for high-quality works. In April and May, 
Artnet Auctions will debut three additional Prints & Multiples sales. "The flexibility of the platform's model and sale 
calendar has allowed the business to evolve to meet those market needs," said Artnet CEO Jacob Pabst. "Consignors and 
buyers alike have taken advantage of this competitive edge." 
Defying the pandemic-related weakness in the art market, Artnet Auctions' fee-based revenue in 2020 increased by 26% to 
4.9 million USD year-over-year. Artnet, therefore, became the fourth biggest auction house in terms of online sales 
behind Sotheby's, Christie's and Phillips. 
Artnet's popularity is also reflected by continuous growth in web traffic. In the first quarter 2021, the number of 
visitors has increased by 35% year-over-year to a monthly average of 6.2 million. 
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 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 
LEI: 391200SHGPEDTRIC0X31 
Contact: Sophie Neuendorf - sneuendorf@artnet.com 
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2021-04-14 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 
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Language:     English 
Company:      artnet AG 
              Oranienstraße 164 
              10969 Berlin 
              Germany 
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:  1184395 
 
End of News   DGAP News Service 
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1184395 2021-04-14

(END) Dow Jones Newswires

April 14, 2021 02:45 ET (06:45 GMT)