The gulf between low value online auctions and high end auction houses has been bridged by a new global online art auction platform, Artebys.com. Arteby’s will feature specialist monthly online auctions of fine art, classic cars, antiques, collectibles and specializes in Asian art. Auctions will be based around a particular theme. Items sold on Arteby’s will be appraised by a panel of international specialists – from photographs – before listing, giving buyers a sense of confidence often absent from online auctions.
The format and procedures that Arteby’s is introducing brings together the best of both worlds, making the auctions accessible to art collectors outside the ultra high net worth set whilst providing the security of expert opinions, access to high end items and semi-curated auctions. In defiance of the wider art market, the online sector grew by 24% in 2015, reaching a staggering $4.7 Billion and is projected to grow to nearly $10 Billion by 2020.
Nevertheless, 51% of art buyers are still resistant to buying art online with new generation of art collectors citing concerns about quality and condition as well as visual accuracy as the main factors. A company with the broad appeal, expert assured and financially secure transactions and a seamless customer-to-customer (c2c) platform to address these concerns, like Arteby’s, is poised to be a major beneficiary of that growth.
Founder and CEO Vineet Chauhan said “Both art and the Internet are about unity, expression and creativity. Where art is the heartbeat of revolution, the Internet is the circulatory system. At Arteby’s we aim to bring the two together in a way that democratizes the art market.” The inaugural Asian art auction will be held on 15th January 2017 and includes, amongst other exquisite items, an impressive gemset Mughal sword hilt, intricately decorated in gold inlay (koftgari) and a well-preserved cobalt blue and white Ming dynasty Kraakklapmuts bowl.
For contact details and further information, please go to www.artebys.com