artnet Purchases ArtList, Deepening Auction and Private Sales Platforms
The purchase allows for private online sales.
artnet has purchased the online art sales company ArtList, which was founded by the French trio of Maxime Germain, Astrid de Maismont, and Kenneth Schlenker.
The company organized public and private art sales via its website; it had about 9,000 users and sold prints and editions as well as unique works, some of them priced above $50,000.
“It was a natural choice to acquire ArtList as part of our ever evolving trajectory to push these boundaries and expand the possibilities in the international art market,” said artnet CEO Jacob Pabst. “It is yet another step to revolutionize the auction genre.”
Schlenker and de Maismont will both join artnet’s staff full-time, with Schlenker coming on as chief marketing officer and de Maismont in the auctions department. Germain has formed a new business, Stellar Base, that works to help startups to expand.
“The acquisition will allow artnet to develop a private sales business to augment its existing auctions platform,” Schlenker told artnet News in an interview.
The ArtList acquisition expands on artnet’s existing auctions department, which launched in 2008 and whose staff numbers almost two dozen. artnet has notched sales as high as $1.3 million, fetched in 2011 by an Andy Warhol silkscreen, Flowers (1978).Follow artnet News on Facebook.