ART.DE - artnet AG

XETRA - XETRA Delayed price. Currency in EUR
5.35
+0.25 (+4.90%)
At close: 5:36PM CEST
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Previous close5.10
Open5.15
Bid5.25 x 29500
Ask5.45 x 55100
Day's range5.15 - 5.45
52-week range2.40 - 5.45
Volume3,263
Avg. volume3,870
Market cap29.291M
Beta (5Y monthly)1.54
PE ratio (TTM)N/A
EPS (TTM)-0.00
Earnings date26 Jun 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Artnet Ag hits 52w high – but will it continue?
    Stockopedia

    Artnet Ag hits 52w high – but will it continue?

    It's a good time to be a shareholder in Artnet Ag (ETR:ART): as the share approaches its 52-week high, holders may be wondering whether to sell and take the pr...

  • EQS Group

    artnet AG: Artnet Drives Further Digitalization of Art Market

    DGAP-News: artnet AG / Key word(s): Annual Results/Forecast 30.06.2020 / 07:45 The issuer is solely responsible for the content of this announcement. Artnet Drives Further Digitalization of Art MarketStrong Monthly Visitor Growth at Artnet NewsRevenue Increase in 2019 Despite Generally Weak Auction MarketBerlin/New York, June 30, 2020-Berlin-based Artnet AG, the leading provider of art market data and online-only fine art auctions, projects an accelerated digitalization and a growing acceptance of online transactions in the art market. "The current economic downturn is accelerating the digital transformation of the market which we have advanced since our founding three decades ago," said Jacob Pabst, CEO of Artnet AG. "The crucial roles that the Internet and e-commerce currently play will lead to fundamental changes in consumer behavior and leverage Artnet's strengths as the market leader in the online art market."In May, sales at Artnet Auctions doubled year-over-year to $4 million, setting a new monthly record. Artnet Auctions, founded in 2008, is Artnet's online-only transaction platform for fine art auctions. Given the widespread lockdown, Artnet Auctions became one of the few remaining options for buying and selling works of art as traditional brick-and-mortar auctions were canceled due to the pandemic.As in the auction business, the digital dissemination of information, which Artnet has promoted for many years, gathers momentum. The news platform Artnet News has become the primary source of information for the art market, generating more traffic than all other art publications combined. Artnet News has established itself as the leading source of exclusive information and news in the art world, thereby strengthening the entire Artnet brand. Last year, the average number of visitors to Artnet increased by 20% to 3.6 million per month overall. In the current financial year, 4.8 million visitors came to Artnet per month between January and the end of May.The Gallery Network enables member galleries to promote artists and artworks to Artnet's global online audience. A sound e-commerce strategy is essential for galleries that are currently dependent on the Internet due to the lockdown. "We are seeing increased interest from galleries wanting to take advantage of online opportunities," said Artnet CEO Pabst.The Price Database, the most comprehensive online archive for auction results and the core of Artnet, provides price transparency, orientation and reliable information to the art market ever since its founding in 1989. The Price Database, whose wealth of data is also the basis of Artnet News' reporting, remains an indispensable research tool for art market participants with currently some 14 million illustrated auction results.In the 2019 financial year, Artnet grew total revenue by 1% to $21.9 million year-over-year, despite the weak international art market. According to the Artnet Price Database, the total annual auction sales value for fine art declined globally by 11% to $13.1 billion, also affecting Artnet. Artnet's overall revenue growth resulted from the high demand for advertising space on Artnet News. Advertising revenue overall increased by 20% to $5.4 million in 2019, as compared to the previous year. For the first time, advertising became Artnet's second-largest revenue source after Price Database subscriptions. However, declining revenues in the Gallery Network and Artnet Auctions segments slowed the overall growth. Accordingly, the operating income of $197k for 2019 was lower than expected.In the first quarter of 2020, Artnet's total revenue decreased slightly by 2% year-on-year to $5.14 million due to the onset of the economic downturn and the market panic in March. As stated in the 2019 annual report, Artnet expects a slight revenue decline in the 2020 financial year due to reduced advertisers' budgets in light of the global recession. Overall, Artnet predicts revenues in a range of $20.0 million to $21.0 million for 2020. "We are tackling the crisis from a position of strength," said Artnet CEO Jacob Pabst. "As a leading online provider of information, analysis and auctions for fine art, Artnet is in an ideal position to benefit from the growing importance of e-commerce in the art market."The 2019 annual report is available at http://www.artnet.com/investor-relations/annual-reportsThe report for the first quarter of 2020 is available at http://www.artnet.com/investor-relations/quarterly-reportsFor further information, please contact: press@artnet.com About 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 1,800 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: DE000A1K0375 LEI: 391200SHGPEDTRIC0X31 * * *30.06.2020 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: 1081815 End of News DGAP News Service

  • EQS Group

    Artnet AG: Record Sales for Artnet Auctions in May

    DGAP-News: artnet AG / Key word(s): Development of Sales/Miscellaneous 08.06.2020 / 08:30 The issuer is solely responsible for the content of this announcement. Record Sales for Artnet Auctions in MayOnline Transactions Soar Against Backdrop of COVID-19 LockdownAverage Lot Value for Post-War & Contemporary Sale Hits New HighMay Sales More Than Double Year-Over-YearBerlin/New York, June 8, 2020-Sales at Artnet Auctions in May rose by 111% to $4 million year-over-year, setting a new monthly record supported by strong demand across all categories. Against the backdrop of widespread lockdowns and the cancellation of conventional auctions due to the COVID-19 pandemic, Artnet's online transaction platform became one of a few remaining options to buy and sell fine art in the past weeks. "Buyers came out in full force which confirms that high-quality, well-sourced artworks remain sought-after even in times of uncertainty", said Colleen Cash, Director of Auctions. The number of new bidders in May went up by 35%, as compared to the previous year. The May record follows a strong April performance when sales rose 14% year-over-year.During the Post-War & Contemporary sale in May, the average transaction value surged to a new record high for a sale on Artnet Auctions. Competitive bidding from across the globe drove the average price for lots sold to $48,000, a 43% increase compared to the Spring 2019 Post-War & Contemporary sale. Top lots from the sale included Tom Wesselmann's painting Blue (1996) which achieved $288,000 and Eddie Martinez' painting Clown Amoeba (2014) which sold for $156,000.As the leading provider of online-only auctions for fine art, Artnet Auctions is uniquely well-positioned to help the art market weather the coronavirus crisis. "The crisis also presents a tremendous business opportunity for Artnet because it accelerates the digital transformation of the art market", said Jacob Pabst, CEO of Artnet.For the summer, Auctions plans a number of well-curated offerings including Newcomers; a sale focused on emerging stars and mid-career artists relatively new to auction. The sale Photographs: Then and Now will be dedicated to classic and contemporary photography, and the perennial favorite California Cool, a tribute to West Coast artists, will feature works that highlight the strong influence of the region's environment, culture, and color palette on the art world.To explore Artnet Auctions' current and upcoming sales, visit our sales calendar: www.artnet.com/auctions/sales-calendar.For press inquiries, please contact: press@artnet.com About 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 1,800 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: DE000A1K0375 LEI: 391200SHGPEDTRIC0X31 * * *08.06.2020 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: 1064807 End of News DGAP News Service

  • How Should Investors React To artnet AG's (ETR:ART) CEO Pay?
    Simply Wall St.

    How Should Investors React To artnet AG's (ETR:ART) CEO Pay?

    Jacob Pabst became the CEO of artnet AG (ETR:ART) in 2012. This analysis aims first to contrast CEO compensation with...

  • A Closer Look At artnet AG's (ETR:ART) Impressive ROE
    Simply Wall St.

    A Closer Look At artnet AG's (ETR:ART) Impressive ROE

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Sky News

    Banana duct-taped to wall art installation sells for $120k in Miami

    The installation by Italian artist Maurizio Cattelan went on display at the Art Basel Miami Beach exhibition this week. Cattelan previously created the solid gold toilet stolen from Blenheim Palace in Oxfordshire earlier this year. Art journalist Sarah Cascone said the artwork was the "talk of the town in Miami right now".

  • Are artnet AG’s (ETR:ART) High Returns Really That Great?
    Simply Wall St.

    Are artnet AG’s (ETR:ART) High Returns Really That Great?

    Today we'll look at artnet AG (ETR:ART) and reflect on its potential as an investment. In particular, we'll consider...

  • What Type Of Shareholder Owns artnet AG's (ETR:ART)?
    Simply Wall St.

    What Type Of Shareholder Owns artnet AG's (ETR:ART)?

    If you want to know who really controls artnet AG (ETR:ART), then you'll have to look at the makeup of its share...

  • Why Fundamental Investors Might Love artnet AG (ETR:ART)
    Simply Wall St.

    Why Fundamental Investors Might Love artnet AG (ETR:ART)

    artnet AG (ETR:ART) is a company with exceptional fundamental characteristics. Upon building up an investment case for...

  • Does The artnet AG (ETR:ART) Share Price Fall With The Market?
    Simply Wall St.

    Does The artnet AG (ETR:ART) Share Price Fall With The Market?

    Anyone researching artnet AG (ETR:ART) might want to consider the historical volatility of the share price. Volatility...

  • artnet (FRA:ART) Seems To Use Debt Quite Sensibly
    Simply Wall St.

    artnet (FRA:ART) Seems To Use Debt Quite Sensibly

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • Does artnet AG's (FRA:ART) P/E Ratio Signal A Buying Opportunity?
    Simply Wall St.

    Does artnet AG's (FRA:ART) P/E Ratio Signal A Buying Opportunity?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

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