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Invaluable Media Relations
Colleen McCormick
Phone: 617-746-9825
Email: 
cmccormick@invaluable.com

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Invaluable Achieves Record-Breaking Revenue and Bidder Growth in Q3 2015

World’s leading online live auction marketplace celebrates 28 consecutive quarters of record YoY growth; Partnerships, mobile technology and international expansion drive momentum

Tuesday, November 17, 2015 8:45 am EST

Dateline:

BOSTON

BOSTON--(BUSINESS WIRE)--Invaluable, the world’s leading online live auction marketplace, today announced record-breaking growth in Q3 of 2015, making it the company’s 28th consecutive year-over- year revenue record-breaking quarter. Invaluable’s Q3 results stem largely from record numbers of bidders participating in auctions in the marketplace. Unique bidders using Invaluable grew 84 percent in Q3 2015, along with a 115 percent increase in auction registrations over the same time period in 2014. Invaluable also saw a 126 percent increase in new bidders to the platform in Q3, stemming largely from targeted marketing initiatives and increased personalization, driving bidders to the sales and items that interest them the most.

As record numbers of bidders are flocking to the Invaluable platform, Asian art & antiques continues to be one of the most popular auction categories, with gross merchandise sales growing 85 percent in Q3 2015 over the same time period in 2014. The collectibles category experienced a significant increase of 69 percent in gross merchandise sales in Q3 2015, along with decorative arts, which grew by nearly 50 percent in gross merchandise sales in Q3.

Mobile app usage is also growing on Invaluable as more people are bidding in auction sales on the go. In Q3 2015, nearly 10 percent of Invaluable’s gross merchandise sales took place through the company’s mobile app, including big ticket items like a $140,000 Chinese Gilt Bronze Buddha Figure and a Qi Bashi Hanging Scroll, which sold for $60,000.

Another contributing factor to Invaluable’s momentum in Q3 was the company’s announcement of a strategic partnership with Sotheby’s, through which Invaluable is Sotheby's core technology partner for online bidding. Sotheby’s uses Invaluable’s technology as the single online bidding platform to power sales on sothebys.com and eBay.com/sothebys, helping expand the reach of Sotheby’s auctions to new clients around the world. Since the launch of the partnership earlier this year, Sotheby’s has seen the number of collectors bidding online increase nearly 55 percent, leading to a 35 percent increase in the value of successful bids. In addition to Sotheby’s, Invaluable also continued to see momentum via its exclusive partnership with eBay, as significantly more auction houses are signing up to list sales on eBay’s live auction platform, through its partnership with Invaluable.

“I am pleased to announce the highest Q3 revenue in the history of the company, and I’m very proud of Invaluable’s continued high rate of growth. By offering and executing on more personalized and targeted marketing tools, we are helping our auction house partners realize a tremendous rise in bidders participating in auction sales both online and through our mobile app,” said Rob Weisberg, Invaluable CEO. “The overall growth of our marketplace – both in the US and globally – combined with partnerships with eBay and world-class auction houses like Sotheby’s, and our continued investment in mobile technology, are all helping us maintain our leadership position in the industry as more auction houses are going mobile and embracing the best-in-class technology Invaluable offers.”

In addition to new bidders, Invaluable realized more than 71 percent growth in the number of auctions run on the platform in Q3 over the same time period in 2014, with more than 170 auction houses joining the Invaluable marketplace between July and September of 2015. The company also realized 62 percent growth year over year in the number of international sales run on the platform as the company attracts increased auction house partners around the world. New auction houses offering online and mobile bidding on Invaluable include Zachys Wine Auctions, Morphy Auctions, John Moran Auctioneers and Neal Auction Company in the U.S.; along with Dukes Fine Art Auctioneers, Toovey’s Auctioneers and Bamfords Auctioneers in the U.K.; Maison de Ventes Boule in France; deVeres Art Auctions in Ireland and Ressler Kunst Auktion in Germany, amongst many others.

In recognition of the company’s high rate of growth, Invaluable was recently named one of the fastest growing companies in North America by Deloitte’s 2015 Technology Fast 500™.

For more information on Invaluable, to view upcoming auctions and to register to bid online, please visit www.Invaluable.com.

About Invaluable
Invaluable, the world’s leading online live auction marketplace, features a live online bidding platform that allows collectors and dealers to bid in real-time in auctions held around the world. As the leading developer of SaaS and e-commerce applications for the auction industry, Invaluable provides auction houses with e-commerce and marketing solutions, as well as auction management software. Invaluable’s best-in-class historical price database includes more than 58 million complete auction results, totaling more than $204 billion in value. Founded in 1989 and headquartered in Boston, Invaluable also has offices in the United Kingdom, France, Germany and Australia. For more information, visit www.Invaluable.com or follow us on Twitter: @InvaluableLive.

Contact:

Invaluable
Colleen McCormick, 617-746-9825
Director of Communications
cmccormick@invaluable.com