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| About Us | Press Releases | January 18, 2001 |
artnet Launches New Home Page
The relaunch also highlights artnet's renewed business focus after its suspension of art e-commerce operations: the printstore and the online auctions. Both of these e-commerce ventures produced multiple record online sales in the fine art and print category. However, longstanding artnet products, like the Gallery Network and the Fine Art Auctions Database, have proven to be significantly more successful and popular with artnet's customers and users. Hans Neuendorf, CEO and founder of artnet said: "I remain still an enthusiastic supporter of online art auctions but our Gallery Network has clearly been the more successful service to the art community. This move puts the company on a speedier path to profitability." Looking forward, artnet will continue to focus on utilizing the Internet to modernize the art business by servicing the art buyer with vital research information necessary to make educated purchase decisions. The Internet provides the opportunity to communicate images instantly, inexpensively and globally. Therefore artnet's Gallery Network serves as a fully searchable, detail-rich image bank resource that creates a highly effective tool to survey the art world, locate inventory, and learn about pricing and trends in the art market. For dealers, the network greatly enhances access to a broader community of art purchasers, provides a superior method to distribute images, and reduces customer development costs. It thereby enables these traditional offline businesses to find whole new ways to communicate and operate more efficiently. Featuring more than 1,300 of the world's most reputable galleries, the artnet Gallery Network operates as an online marketplace where art dealers and gallerists display their inventories, exhibitions, or represented artists in a forum with a worldwide audience. Another key artnet service is the Fine Art Auctions Database (FAAD), the most powerful, illustrated art research tool on the market. The FAAD is the definitive source for fine art auction price records since 1989 and is the industry standard for appraisal of fine art. It contains over two million records and covers 172,000 artists. artnet's tribal database, The African Art Auctions Database, is a unique resource containing 38,000 auction records dating from 1927. These products bring transparency to art pricing and have been described by their current users, including the world's major auction houses, as a superior resource. Highlighting Artnet Magazine, the popular online art publication, the new home page reflects the company's steadfast dedication to immediate art information. The free trade magazine offers news, reviews, and commentary for the professional and collector alike. artnet's Fine Art Bookstore offers 21,000 titles of hard-to-find art books, including catalogues raisonns and other editions important to the art professional. Each title is accompanied by commentary from artnet's curator Charles Gute. About artnet Founded in 1989, artnet is an art site pioneer and most active innovator in the online art business. The fine art site features 37,000 works by 13,000 artists in 1,300 galleries. artnet offers the industry's standard art research tools: the Fine Art Auctions Database, the African Art Auctions Database, and an art library, created through the company's partnership with the Grove Dictionary of Art. The Fine Art Bookstore offers 21,000 titles of hard-to-find art books. Artnet Magazine is the only daily guide to the art world. artnet AG is a public company traded on Germany's Neuer Markt. For further information: Uwe Bartsch artnet, New York Tel: (1) 212-497-9700 Ext. 510 |
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