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{{Short description|Art market website}} {{Short description|Art market website}}
{{Use dmy dates|date=March 2024}}
{{About|an art-dealing website|the lighting industry control system|Art-Net}} {{About|an art-dealing website|the lighting industry control system|Art-Net}}


{{Multiple issues| {{Multiple issues|
{{Advert|date=April 2020}} {{Advert|date=April 2020}}
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| logo = Artnet logo.svg | logo = Artnet logo.svg
| logo_size = 200px | logo_size = 200px
| type = ] | type = ] ({{lang|de|]}})
| traded_as = {{FWB|ART}} | traded_as = {{FWB|ART}}
| owner = '''Artnet AG'''
⚫ | foundation = as '''Centrox Corporation''' {{start_date and age|1989}}
| founder = Pierre Sernet
⚫ | foundation = As '''Centrox Corporation''' {{start_date and age|1989}}
| location_city = New York, Berlin, London | location_city = New York, Berlin, London
| key_people = Jacob Pabst (CEO) | key_people = Jacob Pabst (CEO)
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}} }}


'''Artnet.com''' is an ] website. It is operated by Artnet Worldwide Corporation, which has headquarters in ], in the United States,{{r|ft}} and is owned by '''Artnet AG''', a German publicly traded company based in ] that is listed on the ].{{r|ft|nyt2}} The company increased revenues by 25.3% to 17.3 million EUR in 2015 compared with a year before.{{r|ann15}} '''Artnet.com''' is an ] website. It is operated by Artnet Worldwide Corporation, which has headquarters in ].{{r|ft}} It is owned by '''Artnet AG''', a German publicly-traded company based in ] that is listed on the ].{{r|ft|nyt2}} The company increased revenues by 25.3% to €17.3 million in 2015 compared with a year before.{{r|ann15}}


== Company history == == Company history ==


The company was founded as Centrox Corporation in 1989 by Pierre Sernet,{{r|self09|bloom}} a French collector who developed database software which allowed images of artworks to be associated with market prices.{{r|spiegel}} ], a German ], began to invest in the company in the 1990s;{{r|spiegel}} he became chairman in 1992 and ] in 1995.{{r|self09}} In the same year the name was changed to Artnet Worldwide Corporation. It was taken over by Artnet AG in 1998.{{r|ann14|page=14}} Neuendorf's son Jacob Pabst became chief executive officer in July 2012.{{r|cat}} The company was founded as Centrox Corporation in 1989 by Pierre Sernet,{{r|self09|bloom}} a French art collector who developed database software which allowed images of artworks to be associated with market prices.{{r|spiegel}} ], a German ], began to invest in the company in the 1990s;{{r|spiegel}} he became chairman in 1992 and ] in 1995.{{r|self09}} That same year, the name was changed to Artnet Worldwide Corporation. It was taken over by Artnet AG in 1998.{{r|ann14|page=14}} Neuendorf's son, Jacob Pabst, became chief executive officer in July 2012.{{r|cat}}


== Website == == Website ==
]
Artnet operates an international research and trading platform for the art market, including works of ], ] and ]. It provides services that promote accessibility, allowing users to research art, contact ] directly, and to attain price transparency in the art market. The platform caters specifically to art dealers, as well as buyers.<ref name="OnVista">{{cite web |url=https://translate.google.com/translate?hl=en&sl=de&u=http://aktien.onvista.de/snapshot.html%3FID_OSI%3D82759&ei=7sjyS96WDYO88gbI1OD1DQ&sa=X&oi=translate&ct=result&resnum=5&ved=0CCQQ7gEwBA&prev=/search%3Fq%3Dtim%2Bkruse%2Bartnet%26hl%3Den |title=OnVista}}</ref> Artnet operates an international research and trading platform for the art market, including works of ], ] and ]. Its services allow users to research art, contact ] directly, and attain price transparency in the art market. The platform caters to art dealers as well as buyers.<ref name="OnVista">{{cite web|url=https://translate.google.com/translate?hl=en&sl=de&u=http://aktien.onvista.de/snapshot.html%3FID_OSI%3D82759&ei=7sjyS96WDYO88gbI1OD1DQ&sa=X&oi=translate&ct=result&resnum=5&ved=0CCQQ7gEwBA&prev=/search%3Fq%3Dtim%2Bkruse%2Bartnet%26hl%3Den|title=OnVista|access-date=2016-11-12|archive-date=2015-06-01|archive-url=https://web.archive.org/web/20150601140753/http://translate.google.com/translate?hl=en&sl=de&u=http%3A%2F%2Faktien.onvista.de%2Fsnapshot.html%3FID_OSI%3D82759&ei=7sjyS96WDYO88gbI1OD1DQ&sa=X&oi=translate&ct=result&resnum=5&ved=0CCQQ7gEwBA&prev=%2Fsearch%3Fq%3Dtim+kruse+artnet&hl=en|url-status=live}}</ref>


In 2008, Artnet launched the first online auctions platform exclusively for works of art.<ref name="artnet Annual Report 2009, p. 14">{{cite web |url=http://www.artnet.com/ir/pdf/artnetAGAnnualReport2009.pdf |title=Annual Report 2009, p. 14}}</ref> In 2015, artnet.com saw a 120% increase in new registrations, rising sell-through rates and a notable increase in numbers of lots sold.{{r|self16}} In 2008, Artnet launched the first online auctions platform exclusively for works of art.<ref name="artnet Annual Report 2009, p. 14">{{cite web|url=http://www.artnet.com/ir/pdf/artnetAGAnnualReport2009.pdf|title=Annual Report 2009|page=14|access-date=2010-05-26|archive-date=2011-12-16|archive-url=https://web.archive.org/web/20111216140853/http://www.artnet.com/ir/pdf/artnetAGAnnualReport2009.pdf|url-status=live}}</ref> In 2015, the site saw a 120% increase in new registrations, rising sell-through rates, and a notable increase in numbers of lots sold.{{r|self16}}


In October 2008, Artnet launched a French website, artnet.fr. It also included a French language magazine which offers a critical overview of the French art market.<ref name="artnet Annual Report 2009, p. 9">{{cite web |url = http://www.artnet.com/ir/pdf/artnetAGAnnualReport2009.pdf |title = Annual Report 2009 |page = 9 }}</ref> A French version of the site, artnet.fr, was launched in October 2008. It included a French-language magazine which offers a critical overview of the art market in France.<ref name="artnet Annual Report 2009, p. 9">{{cite web|url=http://www.artnet.com/ir/pdf/artnetAGAnnualReport2009.pdf|title=Annual Report 2009|page=9|access-date=2010-05-26|archive-date=2011-12-16|archive-url=https://web.archive.org/web/20111216140853/http://www.artnet.com/ir/pdf/artnetAGAnnualReport2009.pdf|url-status=live}}</ref>


In February 2014 the company launched Artnet News, a 24-hour news site. ], former editorial director of ], was appointed editor-in-chief.{{r|nyt|media|nypost}} In November 2017 Genocchio was accused by multiple women of sexual harassment, primarily originating during his time as editor-in-chief at Artnet.{{r|robin}} In February 2014, the company launched a website, Artnet News. ], former editorial director of ], was appointed editor-in-chief.{{r|nyt|media}}


== Services == == Services ==
The primary service of this business is Artnet online auctions. The Artnet Fine Art and Design Price Database and the Artnet Decorative Art Price Database contain over 10 million auction sale results dating back to 1985 from over 1700 international ].{{r|self16|ann15}} Market value and long-term price developments of artworks can be researched online.<ref>Vogel, Carol. "Art Prices (and Mood) Inch Back Up", '']''. 15 November 2009. Retrieved 26 May 2010.</ref> Artnet's primary service is online auctions. The Artnet Fine Art and Design Price Database and the Artnet Decorative Art Price Database contain over 10 million auction sale results dating back to 1985 from over 1700 international ].{{r|self16|ann15}} Market value and long-term price developments of artworks can be researched online.<ref>{{cite news|url=https://www.nytimes.com/2009/11/16/arts/design/16auction.html?_r=2&scp=5&sq=artnet&st=cse|title=Art Prices (and Mood) Inch Back Up|last=Vogel|first=Carol|date=15 November 2009|work=]|access-date=26 May 2010|archive-date=30 May 2013|archive-url=https://web.archive.org/web/20130530003947/http://www.nytimes.com/2009/11/16/arts/design/16auction.html?_r=2&scp=5&sq=artnet&st=cse|url-status=live}}</ref>


An additional key product is the Artnet online Gallery Network, an online platform that connects galleries and collectors from around the world. With over 35,000 artists and 2,200 international galleries worldwide,<ref>Peake, Mike. , '']'', 4 October 2009. Retrieved 26 May 2010.</ref> it is the largest network of its kind, drawing a broad audience and generating inquiries from both serious collectors and first-time buyers.{{r|self16}} An additional product is the Artnet online Gallery Network, an online platform that connects galleries and collectors from around the world. With over 35,000 artists and 2,200 international galleries worldwide,<ref>{{cite web|url=https://www.thetimes.co.uk/article/the-10-best-visual-websites-m0xtb522b0t|title="The 10 best visual websites"|last=Peake|first=Mike|date=4 October 2009|work=]|access-date=26 May 2010|url-access=subscription}}</ref> it is the largest network of its kind, and generates inquiries from both collectors and first-time buyers.{{r|self16}}


Subscribing galleries can list works for sale on the site.<ref>Sapienza, Terri. , '']'', 18 September 2009.</ref> Subscribing galleries can list works for sale on the site.<ref>{{cite news|url=http://www.washingtonpost.com/wp-dyn/content/article/2009/09/02/AR2009090201072.html|title=Resources for Finding and Decorating with Art|last=Sapienza|first=Terri|date=3 September 2009|newspaper=]|archive-url=https://web.archive.org/web/20160327230744/http://www.washingtonpost.com/wp-dyn/content/article/2009/09/02/AR2009090201072.html|archive-date=March 27, 2016|url-status=live|access-date=18 September 2009}}</ref>


== Collaborations == == Collaborations ==
In 2004, Artnet and the international auction house ] began a collaboration.<ref>"Investments you can live with" '']''. . Retrieved 26 May 2010.</ref> In 2004, Artnet and the international auction house ] began a collaboration.<ref>"Investments you can live with" '']''. {{Webarchive|url=https://web.archive.org/web/20221004102057/https://money.cnn.com/galleries/2010/moneymag/1001/gallery.alternative_investments.moneymag/index.html |date=2022-10-04 }}. Retrieved 26 May 2010.</ref>
A collaboration with ] was launched in 2007.<ref>Liberman, Gail. "Managing your Future. How to buy art in today's market". ''Palm Beach Daily News'', 24 January 2010.</ref> A collaboration with ] was also launched in 2007.<ref>Liberman, Gail. "Managing your Future. How to buy art in today's market". ''Palm Beach Daily News'', 24 January 2010.</ref>


== References == == References ==
{{commonscat}}
{{Reflist
|refs = {{Reflist|refs =
<ref name=ann15>. Artnet AG. Accessed March 2017.</ref>


<ref name=ann14>. Artnet AG. Accessed September 2015.</ref> <ref name=ann15> {{Webarchive|url=https://web.archive.org/web/20170215020045/http://www.artnet.com/investor-relations/annual-reports/annual-report-2015.pdf |date=2017-02-15 }}. Artnet AG. Accessed March 2017.</ref>


<ref name=ann19>{{cite web |title=Annual Report 2019 |url=http://www.artnet.com/investor-relations/annual-reports/annual-report-2019.pdf |publisher=artnet AG |access-date=11 August 2020}}</ref> <ref name=ann14> {{Webarchive|url=https://web.archive.org/web/20150907193755/http://www.artnet.com/investor-relations/annual-reports/annual-report-2014.pdf |date=2015-09-07 }}. Artnet AG. Accessed September 2015.</ref>


<ref name=ann19>{{cite web |title=Annual Report 2019 |url=http://www.artnet.com/investor-relations/annual-reports/annual-report-2019.pdf |publisher=artnet AG |access-date=11 August 2020 |archive-date=25 July 2021 |archive-url=https://web.archive.org/web/20210725055418/http://www.artnet.com/investor-relations/annual-reports/annual-report-2019.pdf |url-status=live }}</ref>
<ref name=bloom>. Bloomberg L.P. Accessed September 2015.</ref>


<ref name=cat>Catherine Hickley (25 June 2012). , Bloomberg L.P. Accessed September 2015.</ref> <ref name=bloom> {{Webarchive|url=https://web.archive.org/web/20170620110819/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=73507795 |date=2017-06-20 }}. Bloomberg L.P. Accessed September 2015.</ref>


<ref name=cat>Catherine Hickley (25 June 2012). {{Webarchive|url=https://web.archive.org/web/20140605052216/http://www.bloomberg.com/news/2012-06-25/artnet-founder-neuendorf-cedes-ceo-role-to-eldest-son-pabst.html |date=2014-06-05 }}, Bloomberg L.P. Accessed September 2015.</ref>
⚫ <ref name=ft>Georgina Adam (8 May 2015). , ''The Financial Times''. Accessed September 2015.</ref>

⚫ <ref name=ft>Georgina Adam (8 May 2015). {{Webarchive|url=https://web.archive.org/web/20160730163048/http://www.ft.com/intl/cms/s/0/54dd52b6-f33b-11e4-a979-00144feab7de.html#axzz3l3qOiJ8e |date=2016-07-30 }}, ''The Financial Times''. Accessed September 2015.</ref>


<ref name=media> (15 January 2014). {{webarchive|url=https://web.archive.org/web/20151110225756/http://www.mediawiredaily.com/2014/01/benjamin-genocchio-to-lead-art-nets.html |date=2015-11-10 }}, Media Wired Daily. Accessed September 2015.</ref> <ref name=media> (15 January 2014). {{webarchive|url=https://web.archive.org/web/20151110225756/http://www.mediawiredaily.com/2014/01/benjamin-genocchio-to-lead-art-nets.html |date=2015-11-10 }}, Media Wired Daily. Accessed September 2015.</ref>


<ref name=nypost>Keith J. Kelly (11 February 2014). , ''New York Post''. Accessed September 2015.</ref> <ref name=nyt>Carol Vogel (12 December 2013). {{Webarchive|url=https://web.archive.org/web/20170624083405/http://www.nytimes.com/2013/12/13/arts/design/steve-mcqueen-among-6-hugo-boss-prize-finalists.html |date=2017-06-24 }}, ''The New York Times''. Accessed September 2015.</ref>


<ref name=nyt>Carol Vogel (12 December 2013). , ''The New York Times''. Accessed September 2015.</ref> <ref name=nyt2>Randy Kennedy (21 June 2011), {{Webarchive|url=https://web.archive.org/web/20170409200103/http://www.nytimes.com/2011/06/22/arts/design/artnet-has-online-art-sales-success.html |date=2017-04-09 }}, ''The New York Times''. Accessed September 2015.</ref>


<ref name=nyt2>Randy Kennedy (21 June 2011), , ''The New York Times''. Accessed September 2015.</ref> <!---ref name=robin>Robin Pogrebin (08 November 2017)., ''The New York Times''. Accessed November 2017.</ref--->


<ref name=self09>, Artnet. Archived 31 January 2009.</ref> <ref name=self09>, Artnet. Archived 31 January 2009.</ref>


<ref name=spiegel>Thomas Hüetlin, Christopher Sultan (trans.) (7 June 2012). , ''Spiegel International''. Accessed September 2015.</ref> <ref name=spiegel>Thomas Hüetlin, Christopher Sultan (trans.) (7 June 2012). {{Webarchive|url=https://web.archive.org/web/20161207074221/http://www.spiegel.de/international/business/using-the-internet-to-liberate-the-art-trade-from-the-elite-a-836094-druck.html |date=2016-12-07 }}, ''Spiegel International''. Accessed September 2015.</ref>


<ref name=self16>. Accessed March 2017.</ref> <ref name=self16> {{Webarchive|url=https://web.archive.org/web/20170126113423/http://www.artnet.com/about/aboutindex.asp?F=1 |date=2017-01-26 }}. Accessed March 2017.</ref>


<ref name=robin>Robin Pogrebin (08 November 2017)., ''The New York Times''. Accessed November 2017.</ref>
}} }}

== External links ==
{{Wikidata property|P3782}}
* {{Commons category-inline|Images from Artnet.com}}


{{Authority control}} {{Authority control}}
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Latest revision as of 17:56, 9 January 2025

Art market website

This article is about an art-dealing website. For the lighting industry control system, see Art-Net.
This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
This article contains promotional content. Please help improve it by removing promotional language and inappropriate external links, and by adding encyclopedic text written from a neutral point of view. (April 2020) (Learn how and when to remove this message)
This article's factual accuracy is disputed. Relevant discussion may be found on the talk page. Please help to ensure that disputed statements are reliably sourced. (October 2021) (Learn how and when to remove this message)
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Artnet AG
[REDACTED]
Company typeStock corporation (Aktiengesellschaft)
Traded asFWB: ART
IndustryArt market
FoundedAs Centrox Corporation 1989; 36 years ago (1989)
FounderPierre Sernet
HeadquartersNew York, Berlin, London
Key peopleJacob Pabst (CEO)
Revenue$21,878,000 (2019)
OwnerArtnet AG
Number of employees122 (2019)
Websiteartnet.com

Artnet.com is an art market website. It is operated by Artnet Worldwide Corporation, which has headquarters in New York City. It is owned by Artnet AG, a German publicly-traded company based in Berlin that is listed on the Frankfurt Stock Exchange. The company increased revenues by 25.3% to €17.3 million in 2015 compared with a year before.

Company history

The company was founded as Centrox Corporation in 1989 by Pierre Sernet, a French art collector who developed database software which allowed images of artworks to be associated with market prices. Hans Neuendorf, a German art dealer, began to invest in the company in the 1990s; he became chairman in 1992 and chief executive officer in 1995. That same year, the name was changed to Artnet Worldwide Corporation. It was taken over by Artnet AG in 1998. Neuendorf's son, Jacob Pabst, became chief executive officer in July 2012.

Website

[REDACTED]

Artnet operates an international research and trading platform for the art market, including works of fine art, decorative arts and design. Its services allow users to research art, contact galleries directly, and attain price transparency in the art market. The platform caters to art dealers as well as buyers.

In 2008, Artnet launched the first online auctions platform exclusively for works of art. In 2015, the site saw a 120% increase in new registrations, rising sell-through rates, and a notable increase in numbers of lots sold.

A French version of the site, artnet.fr, was launched in October 2008. It included a French-language magazine which offers a critical overview of the art market in France.

In February 2014, the company launched a website, Artnet News. Benjamin Genocchio, former editorial director of Louise Blouin Media, was appointed editor-in-chief.

Services

Artnet's primary service is online auctions. The Artnet Fine Art and Design Price Database and the Artnet Decorative Art Price Database contain over 10 million auction sale results dating back to 1985 from over 1700 international auction houses. Market value and long-term price developments of artworks can be researched online.

An additional product is the Artnet online Gallery Network, an online platform that connects galleries and collectors from around the world. With over 35,000 artists and 2,200 international galleries worldwide, it is the largest network of its kind, and generates inquiries from both collectors and first-time buyers.

Subscribing galleries can list works for sale on the site.

Collaborations

In 2004, Artnet and the international auction house Sotheby's began a collaboration. A collaboration with Art Basel/Art Basel Miami Beach was also launched in 2007.

References

  1. ^ "Annual Report 2019" (PDF). artnet AG. Archived (PDF) from the original on 25 July 2021. Retrieved 11 August 2020.
  2. ^ Georgina Adam (8 May 2015). "The Art Market: outside the white cube" Archived 2016-07-30 at the Wayback Machine, The Financial Times. Accessed September 2015.
  3. Randy Kennedy (21 June 2011), "A Resurgence in Art Buying Over the Web" Archived 2017-04-09 at the Wayback Machine, The New York Times. Accessed September 2015.
  4. ^ Annual Report 2015 Archived 2017-02-15 at the Wayback Machine. Artnet AG. Accessed March 2017.
  5. ^ "About Us: Fact Sheet", Artnet. Archived 31 January 2009.
  6. Company Overview of Artnet Worldwide Corporation Archived 2017-06-20 at the Wayback Machine. Bloomberg L.P. Accessed September 2015.
  7. ^ Thomas Hüetlin, Christopher Sultan (trans.) (7 June 2012). "Online Rebellion: Dealer Tries to Liberate Art from the Elite" Archived 2016-12-07 at the Wayback Machine, Spiegel International. Accessed September 2015.
  8. Annual Report 2014 Archived 2015-09-07 at the Wayback Machine. Artnet AG. Accessed September 2015.
  9. Catherine Hickley (25 June 2012). "Artnet Founder Neuendorf Cedes CEO Role to Eldest Son Pabst" Archived 2014-06-05 at the Wayback Machine, Bloomberg L.P. Accessed September 2015.
  10. "OnVista". Archived from the original on 1 June 2015. Retrieved 12 November 2016.
  11. "Annual Report 2009" (PDF). p. 14. Archived (PDF) from the original on 16 December 2011. Retrieved 26 May 2010.
  12. ^ Artnet Archived 2017-01-26 at the Wayback Machine. Accessed March 2017.
  13. "Annual Report 2009" (PDF). p. 9. Archived (PDF) from the original on 16 December 2011. Retrieved 26 May 2010.
  14. Carol Vogel (12 December 2013). "Steve McQueen Among 6 Hugo Boss Prize Finalists" Archived 2017-06-24 at the Wayback Machine, The New York Times. Accessed September 2015.
  15. (15 January 2014). "Benjamin Genocchio To Lead Art Net's Global Art Market Newswire: Artnet News" Archived 2015-11-10 at the Wayback Machine, Media Wired Daily. Accessed September 2015.
  16. Vogel, Carol (15 November 2009). "Art Prices (and Mood) Inch Back Up". The New York Times. Archived from the original on 30 May 2013. Retrieved 26 May 2010.
  17. Peake, Mike (4 October 2009). ""The 10 best visual websites"". The Times. Retrieved 26 May 2010.
  18. Sapienza, Terri (3 September 2009). "Resources for Finding and Decorating with Art". The Washington Post. Archived from the original on 27 March 2016. Retrieved 18 September 2009.
  19. "Investments you can live with" CNNMoney.com. Money.cnn.com Archived 2022-10-04 at the Wayback Machine. Retrieved 26 May 2010.
  20. Liberman, Gail. "Managing your Future. How to buy art in today's market". Palm Beach Daily News, 24 January 2010.
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