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BUSINESSWEEK ONLINE: DAILY BRIEFING | |||||||||||
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BW ONLINE DAILY BRIEFING |
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Where to Buy Upscale Art and Collectibles Online Where to look now... Artnet.com Tony New York-based service run by Hans Neuendorf, a German art dealer turned Internet entrepreneur. Has signed up 800 galleries to sell works through his site. Offers pricing data, online art-book sales, an excellent online magazine, and other services. Recently raised some $25 million on Germany's Neuer Markt to fund expansion. Theauctionchannel.com A three-year-old British service that broadcasts live auctions online and on British cable TV for traditional auction houses such as Brooks and Philips. Acquired in June by Brilliant Entertainment, a California company that plans to build up online art and collectibles offerings and to offer cable TV auctions in the U.S. and elsewhere. Egallery.com The Electric Gallery's site offers up excellent Haitian, Southern American, and other folk art, as well as "outsider" art from the U.S. and elsewhere. Colorful and often quite beautiful at prices as low as a few hundred dollars. Icollector.com Another London-based service, Interactive Collector has been selling higher-end art and collectibles online for several years. Plans a splashy Las Vegas-based online auction this fall of Elvis memorabilia from Graceland. Has signed up Bloomberg as a partner and is looking for others. Bernard Arnaud, head of French luxury goods giant LVMH, bought a 20% stake in May. Its shares have tripled this year in London on expectations that sales will boom. Livebid.com Broadcasts car and collectible auctions online. One upcoming item currently being featured: A luncheon menu from the Titanic, thought to be one of only two in existence. ...And in the near future Bloomberg.com In an effort to sell high ticket items to its huge base of users, the newswire giant plans this fall to feature the Icollector auction service on its Web site and via its 150,000 proprietary terminals worldwide. Ebay.com The auction giant has been selling art online all along. But it's moving upscale this fall. It paid $260 million for California auction house Butterfield & Butterfield in March. They plan a new online service aimed at selling art and collectibles worth $500 or more for this fall. The new service will also be available on and heavily marketed by America Online, which already offers eBay's auction service online. Christie's.com Giant traditional auction house with brick-and-mortar operations worldwide, plans to offer a classy new virtual auction house this fall that will focus on selling items in the $500 to $10,000 range. Its pitch is that its authentification expertise and stellar reputation will give buyers the confidence to buy high-priced items online. TheArtGroup.com A new site being planned for launch later this year by Morgan Spangle, a former Christie's contemporary art specialist. Lining up high-end gallery owners to sell works through the site; plans online art library and other services. Sotheby's amazon.com To be launched in September. The auction house will provide the expertise and reputation for excellence to persuade buyers to ante up for items in the $1,000-and-up price range; the Seattle online retailer will funnel Sotheby's art and collectibles to its huge base of customers. There should be plenty of product to offer: Sotheby's claims to have signed up 2,800 art and antique dealers to participate. Data: Business Week Online
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