About artnet

Company Overview
artnet is the place to buy, sell and research fine art, decorative art and design online. artnet Galleries is the largest network of its kind, with more than 2,200 galleries in over 250 cities and more than 160,000 works by over 38,000 artists from around the globe. artnet Galleries serves dealers and art buyers alike by providing a survey of the market and its pricing trends, as well as the means to communicate instantly, inexpensively and globally. Other key services include artnet Magazine– the insider’s guide to the art market, with daily news, reviews and features by renowned writers in the art community – and artnet Price Database. The artnet Price Database Fine Art and Design is the most comprehensive color-illustrated archive of fine art and design auction results worldwide. Representing auction results from over 550 international auction houses since 1985, the Price Database covers more than 5 million artworks by over 200,000 artists, ranging from Old Masters to Contemporary. The artnet Price Database Decorative Art also allows you to research auction sales results of antiques from furniture and silver to rugs and clocks in auctions worldwide.

Company Background
artnet AG was incorporated under the laws of Germany in 1998. In 1999 Management took the company public on the Neuer Markt of the Frankfurt Stock Exchange. In 2002, artnet.com AG changed its name to artnet AG. Its principal holding is its wholly owned subsidiary, Artnet Worldwide Corporation, a New York corporation that was founded in 1989. On October 4, 2002, artnet AG left the Neuer Markt and is now listed on the Geregelter Market at the Frankfurt Stock Exchange.

artnet AG and Artnet Worldwide Corporation (collectively, “the Company”) operate under the trade name artnet. artnet provides services to fine-art professionals that improve the economics of their businesses. The art business is international but is conducted locally by tens of thousands of geographically dispersed dealers, galleries, auction houses, print publishers, museums and collectors in a relatively inefficient marketplace. Observing the inefficiencies in the art business, artnet developed its first product, the artnet Price Database Fine Art and Design, to bring price transparency to the art market. Today the artnet Price Database Fine Art and Design has a broad base of customers dominated by major auction houses, art dealers, museums and insurance companies. In 1995 the company transitioned the artnet Price Database Fine Art and Design to the Internet and introduced a second product, artnet Galleries, building and hosting websites for art dealers and galleries on its platform. The artnet Galleries was supplemented by a new online art trade magazine to draw attention to the site. Today, artnet is a critical tool, providing its member dealers with global market access, significant incremental revenue opportunities and cost-effective marketing solutions during a volatile economic period.