PARIS, Nov. 7, 2023
/PRNewswire/ -- Artprice by Artmarket reaps the fruit of two
years of development which enabled the complete overhaul of its
online databases, leading to a 75% increase in its turnover for the
third quarter of 2023
thierry Ehrmann, Founder of Artprice and CEO of Artmarket:
"In January 2023, Artprice by
Artmarket deployed its new online version, the most
successful in its history, in response to customer
pressure from all over the world. As a result, our turnover for the
3rd quarter of 2023 has posted a 75% increase versus the
year-earlier period. In the current "all-digital" era, this
increase is the perfect reward for the tremendous work
conducted by our teams".
The launch of our new online version was a major project
involving all of Artprice's databases and services, and which took
two years to plan and develop (prolonged by the Covid-19
crisis).
After a call for tenders, Artprice by Artmarket selected the
company Vahumana of the TRSb Group and its team of highly
talented top-level external consultants for the audit and
development of the complete overhaul of Artprice.com. The
entire project was conducted with a 'user-centric'
approach that prioritizes the intuitivity of the user
experience (UX) and optimizes the fluidity and ergonomics of the
user interface (UI).
From early September 2023, the
final online version of Artprice.com by Artmarket, World Leader in
Art Market Information for 25 years, has become the Art Market
benchmark in terms of customer experience and ergonomics.
After this brilliantly successful launch, our initial
data shows excellent uptake of the new Artprice.com
by Artmarket among existing and new customers as well as a
massive 441% increase in online traffic (activity logs) on
a 50MM traffic moving average. In the long term, we can
therefore expect significant turnover growth (due to higher
traffic) and this has already been confirmed by our Q3 2023
figures which show a 75% turnover increase vs. Q3 2022.
Our new intuitive and user-friendly online presence, with
its simplified access, has unified all the high
value-added databanks built by Artprice.com, its subsidiaries
and its various departments, thus allowing easy access to
the most relevant and exhaustive information on the art market.
This has led to a very significant increase in the number (and
duration) of professional & high-end annual subscriptions,
clearly confirming customers' strong confidence in
Artprice.
We've made a deliberate effort to elevate our users' mobile
experience by implementing responsive web design (RWD) for the
entire Artprice database. This approach ensures a seamless
experience without resorting to a limiting 'App' solution. Unlike
mobile apps that often require frequent updates and fixes, our RWD
solution delivers the full richness of the desktop/laptop
experience.
The feedback from customers and members is unanimous: "The new
Artprice site is so much more pleasant to use and allows you to
navigate through rich and varied content."
Now our customers and users are discovering information
they never knew existed. Some even think that Artprice must have
acquired some new companies to have changed so much… For its
financial partners and shareholders, this version is a real "game
changer".
The new centrally-positioned and intuitive search bar offers
instant access to an exhaustive tree structure around the subject
of the search, which ultimately generates an increase in the time
spent on Artprice.com.
Our search engine links instantly to Artprice databases
with art market information from the 4th century to the present day
and data concerning 825,800 artists, 16,448,000 sales prices and
indices, and 1,087,500 auction lots hammered over the last 12
months from 7,200 auction houses around the world.
Artprice by Artmarket provides the most elaborate and exhaustive
Art Market information and the most useful research tool
for accessing that information in the world, confirming its
position as the World leader in Art Market Information for 25
years.
The universal search bar immediately draws up a wealth of
information around the element sought: whether it is an artist,
biography, artist email alerts, artworks in future and/or past
auctions, art market indices, Artpricing® estimations, works
available on our standardized Artprice.com Marketplace, art market
news and articles in our archive of ArtMarketInsight® articles, or
Artprice reports on the Art Market. It will also immediately
connect your search to our databases to extract signatures and
monograms, catalog raisonnés, archived historical data, etc. that
Artprice has digitalized from the key historical art market
archives acquired around the world over the past 25 years (cf.
Artmarket.com's universal registration document (URD) filed with
France's Financial Market
Authority(AMF)).
Artprice.com by Artmarket uses algorithmic artificial
intelligence in its proprietary AI Intuitive Artmarket®
allowing customers access to relevant and personalized
recommendations regarding, artists, artworks and auction sales,
thereby automatically enhancing their knowledge and understanding
of the art market.
Artprice Images® allows unlimited access to the largest
collection of digital art and art market-related images in the
world based on Artmarket.com's collection of manuscripts
and sales catalogs which now form a vast physical and digital
library containing 180 million photos and engravings of
artworks from 1700 to the present day, all commented by
our historians.
In this very specific economic sector, Artmarket.com owns by far
the largest volume of high-quality objective and proprietary
(value-added) art market data. The original
documentary archives, codex manuscripts, annotated books and
auction catalogs acquired over the years are a key asset as they
represent an almost impregnable barrier to entry.
In addition, Artprice's new online architecture integrates new
communication spaces for advertisers, supported by a new Back
Office for the completely autonomous management of their
advertisements. With the new advertising revenue, Artprice by
Artmarket expects to double its turnover in 2023/2024 versus
the previous financial year.
Despite the current geopolitical and economic context, the
art market is showing dynamic health with regular auction
records hammered across all artistic periods in
all countries during recent sales. There have
been no cancellations of classic and/or
prestige cataloged sales for the end of 2023 and 2024, these
sales being the main indicators of the market's condition.
The major auction houses and investors know full well
that the art market is a safe haven and a good investment, as
illustrated by the Artprice100© index. The current period of
uncertainty is also prompting new investments in the art
market.
The war on European soil, the conflict in the Middle East, the dizzying rise in interest
rates and the fears of recession have not got the better of the art
market at the end of 2023.
Don't hesitate to contact our Econometrics Department for your
requirements regarding statistics and personalized studies:
econometrics@artprice.com
Try our services (free demo): https://www.artprice.com/demo
Subscribe to our services:
https://www.artprice.com/subscription
The information and econometric studies produced by
Artmarket.com are presented uniquely for the purpose of analyzing
and understanding the statistical realities of the art market. They
should in no way be considered as advice or a suggestion or a
solicitation to invest in the art market or in Artmarket.com,
listed on Euronext Paris.
Copyright 1987-2023 thierry
Ehrmann www.artprice.com - www.artmarket.com
About Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris,
SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters:
ARTF.
Discover Artmarket and its Artprice department on video:
www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its
CEO, thierry Ehrmann. Artmarket and its Artprice department is
controlled by Groupe Serveur, created in 1987.
See certified biography in Who's who ©:
https://imgpublic.artprice.com/img/wp/sites/11/2023/04/2023_2_Biographie-thierry-Ehrmann_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other
structures, its Artprice department, world leader in the
accumulation, management and exploitation of historical and current
art market information in databanks containing over 30 million
indices and auction results, covering more than 825,000
artists.
Artprice by Artmarket, the world leader in information on the
art market, has set itself the ambition through its Global
Standardized Marketplace to be the world's leading Fine Art NFT
platform.
Artprice Images® allows unlimited access to the largest Art
Market image bank in the world: no less than 180 million digital
images of photographs or engraved reproductions of artworks from
1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a
permanent basis from 7200 Auction Houses and produces key Art
Market information for the main press and media agencies (7,200
publications). Its 7.2 million ('members log in'+social media)
users have access to ads posted by other members, a network that
today represents the leading Global Standardized Marketplace® to
buy and sell artworks at a fixed or bid price (auctions regulated
by paragraphs 2 and 3 of Article L 321.3 of France's Commercial Code).
Artmarket, with its Artprice department, has twice been awarded
the State label "Innovative Company" by the Public Investment Bank
(BPI), which has supported the company in its project to
consolidate its position as a global player in the art market.
Artprice by Artmarket publishes its 2023 Contemporary Art Market
Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
Artprice by Artmarket's Global Art Market Report, "The Art
Market in 2022", published in March
2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022
Index of press releases posted by Artmarket with its Artprice
department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and
its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.4 million
followers)
twitter.com/artmarketdotcom
twitter.com/artpricedotcom
Discover the alchemy and universe of Artmarket and its artprice
department https://www.artprice.com/video headquartered at the
famous Organe Contemporary Art Museum "The Abode of Chaos" (dixit
The New York Times):
https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ACRHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
· L'Obs - The Museum of the Future:
https://youtu.be/29LXBPJrs-o
·
www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over
4 million followers)
· https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department - Contact:
Thierry Ehrmann,
ir@artmarket.com
Logo -
https://mma.prnewswire.com/media/1009603/Art_Market_logo.jpg
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SOURCE Artmarket.com