08.06.2020 artnet AG  DE000A1K0375

DGAP-News: Artnet AG: Record Sales for Artnet Auctions in May


 

DGAP-News: artnet AG / Key word(s): Development of Sales/Miscellaneous
Artnet AG: Record Sales for Artnet Auctions in May

08.06.2020 / 08:30
The issuer is solely responsible for the content of this announcement.


Record Sales for Artnet Auctions in May

Online Transactions Soar Against Backdrop of COVID-19 Lockdown

Average Lot Value for Post-War & Contemporary Sale Hits New High

May Sales More Than Double Year-Over-Year

Berlin/New York, June 8, 2020-Sales at Artnet Auctions in May rose by 111% to $4 million year-over-year, setting a new monthly record supported by strong demand across all categories. Against the backdrop of widespread lockdowns and the cancellation of conventional auctions due to the COVID-19 pandemic, Artnet's online transaction platform became one of a few remaining options to buy and sell fine art in the past weeks. "Buyers came out in full force which confirms that high-quality, well-sourced artworks remain sought-after even in times of uncertainty", said Colleen Cash, Director of Auctions. The number of new bidders in May went up by 35%, as compared to the previous year. The May record follows a strong April performance when sales rose 14% year-over-year.

During the Post-War & Contemporary sale in May, the average transaction value surged to a new record high for a sale on Artnet Auctions. Competitive bidding from across the globe drove the average price for lots sold to $48,000, a 43% increase compared to the Spring 2019 Post-War & Contemporary sale. Top lots from the sale included Tom Wesselmann's painting Blue (1996) which achieved $288,000 and Eddie Martinez' painting Clown Amoeba (2014) which sold for $156,000.

As the leading provider of online-only auctions for fine art, Artnet Auctions is uniquely well-positioned to help the art market weather the coronavirus crisis. "The crisis also presents a tremendous business opportunity for Artnet because it accelerates the digital transformation of the art market", said Jacob Pabst, CEO of Artnet.

For the summer, Auctions plans a number of well-curated offerings including Newcomers; a sale focused on emerging stars and mid-career artists relatively new to auction. The sale Photographs: Then and Now will be dedicated to classic and contemporary photography, and the perennial favorite California Cool, a tribute to West Coast artists, will feature works that highlight the strong influence of the region's environment, culture, and color palette on the art world.

To explore Artnet Auctions' current and upcoming sales, visit our sales calendar: www.artnet.com/auctions/sales-calendar.

For press inquiries, please contact: press@artnet.com

About artnet
Artnet is the leading resource for buying, selling, and researching art online. Founded in 1989, Artnet's suite of industry-leading products has revolutionized the way people collect art today. The Price Database contains approximately 14 million auction results from 1,800 auction houses dating back to 1985, providing an unparalleled level of transparency to the art market. The Gallery Network platform connects leading galleries with collectors from around the world, offering the most comprehensive overview of artworks for sale. Artnet Auctions was the first dedicated online marketplace for fine art, providing a seamless and efficient collecting experience for both buyers and sellers. Artnet News covers the events, trends, and people shaping the global art market with up-to-the-minute analysis and expert commentary.

Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the segment with the highest transparency standards.

ISIN: DE000A1K0375
LEI: 391200SHGPEDTRIC0X31



08.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: artnet AG
Oranienstraße 164
10969 Berlin
Germany
Phone: +49 (0)30 20 91 78 -0
Fax: +49 (0)30 20 91 78 -29
E-mail: info@artnet.de
Internet: www.artnet.de
ISIN: DE000A1K0375
WKN: A1K037
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 1064807

 
End of News DGAP News Service

1064807  08.06.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 12,97 13,91 17,29 17,39 18,43 18,32 19,54 18,40
EBITDA1,2 0,45 0,36 1,19 1,00 0,77 1,26 1,52 0,70
EBITDA-Marge3 3,47 2,59 6,88 5,75 4,18 6,88 7,78 3,80
EBIT1,4 0,01 -0,59 0,71 0,64 0,36 0,77 0,18 -0,65
EBIT-Marge5 0,08 -4,24 4,11 3,68 1,95 4,20 0,92 -3,53
Jahresüberschuss1 0,04 -3,05 0,64 0,63 0,70 1,04 -0,01 0,40
Netto-Marge6 0,31 -21,93 3,70 3,62 3,80 5,68 -0,05 2,17
Cashflow1,7 0,83 -0,05 0,21 0,93 1,01 1,11 1,63 2,45
Ergebnis je Aktie8 0,01 -0,55 0,12 0,12 0,12 0,19 0,00 0,07
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ebner Stolz

INVESTOR-INFORMATIONEN
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Artnet
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1K037 6,050 Kaufen 34,07
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
30,25 21,01 1,535 -216,07
KBV KCV KUV EV/EBITDA
7,93 20,96 1,74 22,258
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
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Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
02.06.2020 07.08.2020 06.11.2020 26.06.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,95% 30,39% 61,76% 76,90%
    
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