Update: For art's sake
The online element of the international fine art market has continued to appreciate in Q115, despite a duller auction market, and artnet’s News platform has been building on the higher levels of interest. Revenues from advertising are growing strongly, with the relevant content and inventory attracting global luxury brands. Improvements to the user experience, with greater flexibility and personalisation, have yet to come through fully in the results from the other segments. With a more favourable currency position, we anticipate the group returning to profit in the current year.Artnet is engaged in the business which provides art collectors, galleries, publishers, auction houses, and art enthusiasts with a website where individuals can research artists and art prices, and find artworks that are available in artnet Galleries or on artnet Auctions. Co. operates within four segments: the artnet Galleries, which presents artwork from member galleries' online; the artnet Price Database, which comprises all database-related products; artnet Advertising, which produces banner as well as national and international advertising on the website; and artnet Auctions, which provides a platform to buy and sell artworks online.
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