Skates nov27
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Artnet was an early online platform for art, launching auctions in 1996 and an online sales database. However, its online auctions closed in 2001 at a $11 million loss. Sotheby's also partnered with Amazon and eBay for online auctions from 2000-2003 but terminated those partnerships, experiencing $130 million in losses as online sales only accounted for 1% on average at major auction houses. Christie's has more recently focused on online-only auctions, holding several for Andy Warhol works in 2013.
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Brandon Flatley masterfully blends creativity and community impact. As a mixologist and small business owner, he delivers unforgettable cocktail experiences. A musician at heart, he excels in composition and recording. Skates nov27
- 1. Online Platforms for Art
- 2. Artnet 1989 founded as Centrox Corporation 1995 changed name to Artnet 1996 introduced online auctions sales database 1999 launched online auction platform with AOL as strategic partner 2001 closed online auctions at loss of $11 million 2008 launched first online auction platform exclusively for fine art
- 4. Sothebys 2000 launched collaboration with Amazon on online auctions (sothebys.amazon.com) $31 million in sales in first half of 2000, including $8.1 million sale of Declaration of Independence $28 million in loses in first half of 2000 October 2000 Terminated Amazon partnership 2002 Announced partnership with ebay 2003 ebay partnership abandoned $130 million in loses 2000-2003
- 5. Online Auctions Online sales accounted for an average of only 1% in the top tier houses. However, some auction houses have begun concentrating more on this channel. Christies launched its first online-only auction in December 2011, and held six online-only auctions in 2012, although these were not high value. In 2013, however, Christies held five online-only sales of works by Andy Warholthe first time the auction house has ever offered online-only Post-War and Contemporary art sales.