Auctionata, founded in Berlin, and Paddle8, founded in New York, announced today that they are joining forces to create the global leader in online art, collectibles and vintage luxury. The joint company will immediately become one of the top 10 auction houses worldwide outside of China and with joint sales above $150m and nearly 800,000 registered users, the unit company will be a dominant player for art and luxury collectibles in the most important markets globally.
Since Earlybird’s first investment in March 2013 this merger is so far the biggest step in the history of Auctionata and also a major milestone for the global roll out. We are convinced that the new formed team will use its enormous potential for further expansion and to build the best product for this exciting market.
New York Times announced the merge today – please find here the article ”2 Online Art Auctioneers to Merge and Go Global”.
Shortly thereafter and exclusively for the art market, ARTNEWS published “Auctionata and Paddle8 Will Merge, Marking a Shift in the Online Art Market“.
Watch the official company video to find out more.