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artnet AG (ART.DE)

XETRA - XETRA Delayed price. Currency in EUR
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10.60+0.30 (+2.91%)
At close: 4:02PM CEST
Full screen
Previous close10.30
Open10.40
Bid10.40 x 29500
Ask10.70 x 55100
Day's range10.40 - 10.80
52-week range2.86 - 11.80
Volume4,923
Avg. volume7,601
Market cap58.829M
Beta (5Y monthly)1.76
PE ratio (TTM)30.64
EPS (TTM)0.35
Earnings date01 Apr 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • EQS Group

    artnet AG: Artnet Auctions Revenue up by 67% in November

    DGAP-News: artnet AG / Key word(s): Monthly Figures/Development of Sales18.12.2020 / 08:45 The issuer is solely responsible for the content of this announcement.Artnet Auctions Revenue up by 67% in NovemberWeb Traffic Increases 51% in First Eleven Months of 2020Supervisory Board Re-Elected at Annual MeetingBerlin/New York, December 18, 2020- Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, increased fee-based revenues at Artnet Auctions by 67% year-over-year in the month of November. In the first eleven months of the year, Artnet set a new revenue record in its auctions segment. From January to November 2020, Artnet Auctions' total fee-based revenue rose 25% to $4.5 million year-over-year. As an online-only auction provider, Artnet thus defied the adverse effects of the Corona pandemic on the global art market."The great success of Artnet Auctions shows that our long-term investment in this segment was the right decision," said Jacob Pabst, CEO of Artnet AG, at this week's Annual General Meeting. "The art market is finally embracing the advantages of the Internet, and as the online market leader, Artnet AG is ideally positioned to benefit from its fundamental digital transformation."Due to the cancellation of traditional auctions and the economic downturn, the number of artworks offered at auction globally in the first eleven months of 2020 decreased by 24% year-over-year. The number of works sold fell by 21% in the same period.Artnet offered market participants one of the few remaining options for buying and selling high-end art during the pandemic. As a result, by the end of October, Artnet Auctions' revenue had already exceeded the total revenue of the previous year.The economic downturn and the lockdown restrictions nevertheless greatly impact Artnet's traditional clients, such as auction houses and galleries. Luxury retailers, who are loyal advertisers on Artnet News, shut stores and warehouses and postponed their advertising campaigns. As expected, this led to lower revenues in the segments Galleries, Price Database and Advertising. Artnet's total revenue for the first eleven months of the fiscal year 2020 remained almost unchanged at $19.6 million year-over-year, as projected.Still, overall web traffic at Artnet surged 51% in the first eleven months. The number of unique visitors rose to an average of 4.8 million per month compared to 3.5 million per month in 2019. The sharp rise in visitors significantly increases the potential for higher advertising revenue in the future, and will contribute to a quick recovery once the economic pressure on clients eases.The Annual General Meeting of Artnet AG was held December 15 in a virtual format due to the pandemic. The candidates proposed by the Company for the Supervisory Board were elected with the required simple majority. The proposals of shareholders Weng Fine Art AG and Andreas Tielebier-Langenscheidt did not obtain the necessary majority. After the Annual General Meeting, Dr. Pascal Decker was elected the new Chairman of the Supervisory Board. "After the past few months, which have been exhausting for everybody, I am pleased to devote my energy to the growth and further development of Artnet AG in collaboration with my colleagues on the Supervisory Board and CEO Jacob Pabst," said Dr. Decker. "In doing so, I will also seek a close dialogue with the shareholders to support Artnet AG in its pioneering role in the digitalization of the art market." The election is effective until the conclusion of the Annual Shareholders' Meeting that resolves on the discharge for the 2021 fiscal year.About 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 collect art today. The Price Database contains more than 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: DE000A1K0375LEI: 391200SHGPEDTRIC0X3118.12.2020 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: 1156186   End of News DGAP News Service

  • EQS Group

    artnet AG: Artnet Defies Challenges Brought on by Covid-19

    DGAP-News: artnet AG / Key word(s): Development of Sales/Monthly Figures10.12.2020 / 08:45 The issuer is solely responsible for the content of this announcement.Artnet Defies Challenges Brought on by Covid-19Artnet Auctions and Advertising Grow Revenues by 45% and 26% in OctoberTotal Revenue for Artnet up 16% in OctoberUnique Visitors at Artnet News up 67% in the First Ten MonthsBerlin/New York, December 10, 2020- Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, continued to post strong revenues in its auctions segment in October of 2020. Fee-based revenues at Artnet Auctions increased by 45% to approximately $0.53 million compared to October 2019. For the first ten months of 2020, revenues at the online trading platform rose 21% to $4.0 million compared to the previous year. As a result, Artnet Auctions' revenue at the end of October exceeded the segment's total revenue for the fiscal year 2019.In the third quarter of 2020, Artnet Auctions generated record revenue from contemporary and Modern art sales. Fee-based revenue increased by 36% to $1.0 million year-over-year.Artnet thus defied the generally negative trend in the global auction business. Total auction sales value for fine art declined by 38% to $7.4 billion worldwide as conventional auctions were canceled or postponed due to the Covid-19 pandemic. But the pandemic further accelerated the digital transformation of the art market, which Artnet has spearheaded for more than 30 years. Artnet Auctions was ready to meet the moment, as collectors have been able to buy and sell artworks online throughout the year on Artnet's platform. In this way, Artnet provides a liquid market for art even in times of global lockdowns and social distancing.While other market participants desperately tried to adapt to the new situation, Artnet profited from having revolutionized the art market with online auctions more than ten years ago. "The current situation underscores the importance of our products and the success of our business model," says Jacob Pabst, CEO of Artnet AG. "The market needs transparency and liquidity. Our auctions offer this with fast and cost-effective transactions, making the trading of art much more efficient and attractive."Despite the physical and economic challenges of the year, Artnet continued to strengthen its role as an information provider for the art market. The number of unique visitors to Artnet News rose by 67% in the first ten months of 2020. Launched in 2014, the news site quickly became the most widely read online publication in the art market, significantly contributing to Artnet's brand awareness. In the first ten months, the overall web traffic at Artnet increased by 41% year-over-year to an average of 4.7 million visitors per month - a trend that benefits all of Artnet's products and customers.Supported by the healthy growth of Auctions and the Advertising segment, which increased revenues by 26%, Artnet's total revenue rose 16% in October, as compared to last year. This is a positive indication that Artnet's main customer groups - galleries, auction houses, fashion retailers and other luxury brands - returned to Artnet after cutting costs due to the economic effects of the global health crisis in the first half of the year.The Quarterly Interim Statement for the Third Quarter of 2020 is available at http://www.artnet.com/investor-relations/quarterly-reportsAbout 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 collect art today. The Price Database contains more than 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: DE000A1K0375LEI: 391200SHGPEDTRIC0X3110.12.2020 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: 1154174   End of News DGAP News Service

  • 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