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artnet AG (ART.DE)

XETRA - XETRA Delayed price. Currency in EUR
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6.00-0.05 (-0.83%)
At close: 5:36PM CEST
Full screen
Previous close6.05
Open5.85
Bid5.85 x 29500
Ask6.05 x 55100
Day's range5.85 - 6.05
52-week range2.40 - 9.20
Volume38
Avg. volume8,298
Market cap33.318M
Beta (5Y monthly)1.80
PE ratio (TTM)60.00
EPS (TTM)0.10
Earnings date06 Nov 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    artnet AG: No Summer Slow Down for Artnet Auctions

    DGAP-News: artnet AG / Key word(s): Monthly Figures/Development of Sales 15.09.2020 / 15:10 The issuer is solely responsible for the content of this announcement. No Summer Slow Down for Artnet AuctionsSales Increased 77% Year-Over-Year In July, 24% Year-Over-Year in AugustNumber Of Bids Placed Up 62% Year-Over-Year In July And August CombinedNew Auction Record Set For Artists Kool Koor In Artnet Auctions Urban Art SaleBerlin/New York, September 15, 2020- Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, reports strong sales for August. In an industry that typically sees a slowdown in the summer months, Artnet Auctions continues to post record successes. Artnet Auctions saw a year-over-year increase in sales of 77% in July, and 24% in August. Traffic to the site increased in July and August as well, with the number of bids placed up by 62% YOY in July and August combined--thanks to Auctions' pioneering, online-only platform that offers collectors the chance to browse and bid all the time, from anywhere in the world."Not only are we seeing records being shattered in terms of the volume we are facilitating, but we are seeing higher quality works come to market at times when consignors have been historically more hesitant to sell," said Colleen Cash, Director of Auctions. "We are the only platform out there that sells great works, all the time. The flexibility of our platform allows us to say yes to consignors, while other houses are tied to a rigid system of selling seasons."In a fall season that promises to be unlike any other on record with hybrid and digital offerings popping up around the world, Artnet Auctions anticipates the appetite for online buying to continue well into the coming months and beyond. "September is already off to a banner start, and just yesterday our team closed a strong sale featuring Urban Art. We achieved a new record for Kool Kor--his Untitled canvas sold for $90,000, smashing the artist's previous auction record of $23,000," Cash said. The sale overall saw a 95% increase in total value realized versus the same sale held at this time last year.This month alone, Auctions is offering a diverse group of six sales across categories, including modern, contemporary, and photographs. Edward Sheriff Curtis: Platinum Masterprints presents a range of rare vintage photographs by the famed photographer of the American West; and 20th-Century Art spotlights works by major artists from the pre-war period through the end of the century. Sales still upcoming this month are Post-War & Contemporary Photographs, Contemporary American Art, and Premier Prints & Multiples--sales sure to attract the attention of both the new collector and seasoned art world insider alike.To explore Artnet Auctions' current and upcoming offerings and consign work for an upcoming sale, visit us at www.artnet.com/auctions/.For press inquiries, please contact: press@artnet.comAbout ArtnetArtnet 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 discover and 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: DE000A1K0375LEI: 391200SHGPEDTRIC0X31 * * *15.09.2020 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * 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: 1131969 End of News DGAP News Service

  • EQS Group

    artnet AG: The Annual General Meeting of artnet AG convened for Wednesday, September 2, 2020, 10:00 a.m. CEST by publication in the German Federal Gazette (Bundesanzeiger) on July 27, 2020, is cancelled.

    artnet AG / Key word(s): AGM/EGM artnet AG: The Annual General Meeting of artnet AG convened for Wednesday, September 2, 2020, 10:00 a.m. CEST by publication in the German Federal Gazette (Bundesanzeiger) on July 27, 2020, is cancelled. 31-Aug-2020 / 18:35 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *The Annual General Meeting of artnet AG convened for Wednesday, September 2, 2020, 10:00 a.m. CEST by publication in the German Federal Gazette (Bundesanzeiger) on July 27, 2020, is hereby cancelled. The invitation to the Annual General Meeting published in the German Federal Gazette on July 27, 2020 is therefore invalid.The sole member of the management board (Vorstand) of artnet AG will not be able to attend the Annual General Meeting on September 2, 2020 for health reasons. The Annual General Meeting must therefore be cancelled and rescheduled. The new date for the Annual General Meeting will be announced shortly. Contact: Moritz Bauer SENIOR DIRECTOR, INVESTOR RELATIONS * * *31-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * 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: 1125643 End of Announcement DGAP News Service

  • EQS Group

    artnet AG: Artnet Continues Advance

    DGAP-News: artnet AG / Key word(s): Half Year Results/Development of Sales 18.08.2020 / 08:30 The issuer is solely responsible for the content of this announcement. Artnet Continues Advance High Demand for Online Auctions in the First Half of 2020 Advertising Revenues Affected by Coronavirus Crisis Unique Users Increase by 44% to 4.8 Million Per Month on AverageBerlin/New York, August 18, 2020- Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, is supporting galleries and auction houses during the coronavirus crisis by promoting their online visibility and by offering a rare opportunity to trade fine art via auctions on the internet. "The work of galleries and auction houses, Artnet's most important client groups, has become almost impossible to perform due to the coronavirus crisis. The solution remains the digital showcasing of artworks on the Artnet Gallery Network, the online platform introduced 20 years ago, and via online sales on Artnet Auctions," said Jacob Pabst, CEO of Artnet AG. "Galleries now depend almost entirely on the internet for sales and marketing. Today marks only the beginning of a trend that will lead to increased revenues for the Artnet Gallery Network." Meanwhile, the crisis is accelerating the digital transformation of the art market as a whole. "Art dealers are getting used to the digital way of doing business, as even small galleries can now communicate globally and transactions are becoming faster and cheaper," Pabst said.Since its founding 30 years ago, Artnet has focused on making the art market more efficient. The Artnet Price Database, an online archive for auction results, pioneered price transparency in an opaque art market. Today, the entire art market relies on the database and its 14 million auction results to reliably assess the value of art. The Gallery Network provides a platform for galleries to reach a vast global online audience. Since 2008, Artnet has offered online fine art auctions, which are increasingly embraced by market participants. "Online auctions are quicker and more cost-effective than traditional brick-and-mortar sales, a business model that is becoming obsolete," said CEO Pabst. Artnet keeps the costs for online auctions low because artworks are not shipped from the seller to auction houses for exhibition, among other factors.Due to the high-cost structure of the art market, traditional art dealers demand premium payments of up to 50% of the sale price. High prices discourage new buyers, keeping the market small and illiquid. While online trading leads to lower profit margins for dealers, it also promises higher sales. "This will create liquidity in the art market for the first time, making artworks true assets for wealth creation. Once transaction costs are lower and all information is available online, the art market will grow tremendously and reflect people's broad interest in art," predicted Hans Neuendorf, Chairman of the Supervisory Board and founder of Artnet. In the first half of 2020, Artnet performed well considering the challenging economic environment marked by the coronavirus pandemic. The demand for online auctions and the number of users increased significantly. However, advertising revenues declined as fashion and luxury advertisers cut back on marketing spending.Artnet's total revenue for the first six months of the year decreased slightly by 4% year-over-year to $10.4 million. "This result confirms the growing importance of our digital offerings," said Artnet CEO Pabst. "The current challenges for the art market demand digital solutions. As a leading online provider of information, analysis and auctions for fine art, we are in a unique position to benefit from the increasingly rapid digitalization of the art industry."Sales volume at Artnet Auctions, the online-only transaction platform launched in 2008, grew by 13% year-over-year to more than $12 million in the first half of the year - contrary to the weak trend in the global market. Following the pandemic-induced market panic in March, sales volume in the second quarter rose by 46% year-over-year to $7.6 million. By contrast, global auction sales fell by 59% in the first six months of the year, according to the Artnet Price Database.Advertising revenue fell by 20% to $1.9 million after a strong start to the year due to the postponement of advertising campaigns. In addition to luxury brands, art companies also temporarily cut their marketing budgets in response to the recession and the de-facto shut-down of the physical art market.At the same time, the market's need for reliable information continues to grow. The news platform Artnet News emerged as the primary source of information for the art world, generating more traffic than all other art publications combined. The average number of unique users on Artnet in the first half of the year grew by 44% to an average of 4.8 million per month. "Until the outbreak of the coronavirus, 2020 was shaping up to become Artnet's strongest year ever for advertising. Given the rising number of visitors, especially on Artnet News, we expect demand to return once the pandemic subsides and the economy recovers," said CEO Pabst. "Until then, we will continue to support our customers by strengthening their online presence and offering them the opportunity to trade fine art on Artnet Auctions. The coronavirus crisis is accelerating the long-overdue digital transformation of the art market, and as the market leader in the online space, Artnet is more relevant than ever."The Six-Month Report 2020 is available at http://www.artnet.com/investor-relations/quarterly-reportsFor further information, please contact: press@artnet.comAbout 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 1,900 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 * * *18.08.2020 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * 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: 1119699 End of News DGAP News Service