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Invaluable and Sotheby’s Extend Partnership Through 2022 to Drive Growth of Online Bidders, Buyers

“Invaluable delivers an important component of Sotheby’s online sales strategy,” says Sotheby’s operations and chief transformation officer.

Monday, March 4, 2019 10:30 am EST

Dateline:

BOSTON
"Invaluable delivers an important component of Sotheby’s online sales strategy. We’re always striving to reach the widest possible audience of bidders and create more opportunities for engagement – both key priorities of this partnership."

BOSTON--(BUSINESS WIRE)--Invaluable, the world’s leading online marketplace for fine art, antiques and collectibles, today announced an extension of its partnership with Sotheby’s that will continue listing the iconic global auction house’s sales on Invaluable’s marketplace through 2022.

Invaluable CEO Rob Weisberg said: “We’re extremely pleased to extend our partnership with Sotheby’s for four years and proud that Invaluable has helped this storied company grow online bidders and buyers and expand its online sales.”

Sotheby’s Operations and Chief Transformation Officer Ken Citron said: “Invaluable delivers an important component of Sotheby’s online sales strategy. We’re always striving to reach the widest possible audience of bidders and create more opportunities for engagement – both key priorities of this partnership.”

Sotheby’s joined the Invaluable marketplace in early 2016, initially offering 112 sales. Last year, that number grew to 250 auctions in New York, London, Hong Kong and Geneva. The results of Sotheby’s auctions on Invaluable in 2018 compared to the previous year showed:

  • Number of bidders coming through Invaluable increased 35%
  • Number of buyers coming through Invaluable increased 39%
  • Lots sold to Invaluable bidders increased 35%
  • Value of lots sold to Invaluable bidders increased 21%
  • 90% of bidders coming through Invaluable were new to Sotheby’s

For more information on Invaluable, please visit www.Invaluable.com. For more information on Sotheby’s, please visit www.Sothebys.com.

About Invaluable

Invaluable is the world’s leading online marketplace for buying fine art, antiques and collectibles. Working with more than 5,000 of the world’s premier auction houses, dealers and galleries, Invaluable helps buyers from more than 180 countries connect with the things they love. With best-in-class online bidding technology, along with a fixed-price retail platform, Invaluable provides sellers with e-commerce and marketing solutions, as well as auction management software. Invaluable is headquartered in Boston. For more information, visit www.invaluable.com or follow us on Twitter at @InvaluableLive.

About Sotheby’ s

Sotheby’s has been uniting collectors with world-class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full-service art financing company, as well as the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby’s presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby’s Wine, Sotheby’s Diamonds, and Sotheby’s Home, the online marketplace for interior design. Sotheby’s has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

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Contact:

Andrew Gully
agully@invaluable.com
m. 978.886.3200