EQS News: Annual Report 2023 of Artnet AG: Stable performance in the market place

Year Report 2023 of Artnet AG: Stable performance in the market place

New York/Berlin, August 31, 2024: Artnet AG, the new platform for art market data and media and the global marketplace for visual arts, has published very good news for the 2023 business year. The purchase of a loan with a value of 7% on 23,350 TEUR (or 4% sales in USD). The display is good Art market about 42% returned. Artnet was able to exert the negative influence on an art market that is stable in the media and data to a minimum – which enables a stabilizing effect of the diversification of the profile profiles of Artnet AG.

The total result of the company in 2023 was -1,900 TEUR. The background of the negative settings is aimed at improving performance in the marketplace. “A diversified geschäftsmodel is separated from our broader stands and der schlüssel for stable Wachstum in the laufdenden geschäftsjahr”said Jacob Pabst, CEO of Artnet, explaining the Veröffentlichung der Zahlen.

Inside of the segments Median Artnet has achieved a low turnover of 2% 8.6 TEUR. Artnet News is the main page of the news on the art market with 140 million pages. Artnet News Pro offers the mid-market another option through a portion of the Paywall subscription model. Artnet has reached all Artnet domains with 235 million page views, which is the best website in the art industry.

Inside of the segments Market Square Verzeichnete Artnet-editungs für die shifting de Wirtschaftlichen Konjunktur een Umsatzrückgang. Diese Verschlechterung hatte 2023 Negative Auswirkungen auf den gesamten globalen Kunstmarkt. The Gesamtumsatz im Segment Marktplatz rose 13% to 8,026 TEUR zurück. Trotzdem at Artnet Auctions executed a huge 7% forward transaction at 14,108 USD (12,780 TEUR), failing to reach the enormous potential of online transactions. Trotz der etwas schwacher as erwarteten Performance in diesem Segment bleibt Artnet das viertgrößte Auktionshaus in Bezug auf Online-Verkäufe hinter Sotheby’s, Christie’s and Phillips. The Gallery’s attachments have remained relatively stable in the year 2023, strong product loyalty has been one of the most volatile market conditions in the past.

The cumbersome solution in the segment Facts 2023 at 5% on 6,722 TEUR back. This development reflects the declining art market in 2023 more broadly (-12.7% at auctions in the year 2023). The volume of this volume in 2024 is being worked on during the optimization of the subscription rate return. Artnet’s advanced database has been added a new API-first architecture and offers the possibility to create the new format of the database.

If the completen of the Preisdatenbank factory Artnet further Updates are, the online presence, which are positive about the Umsatz in 2024, will be carried out. A vereinheitlichte navigation, a complete overview of Artnet News and the new functions that will influence its display are now no longer available on the Artnet platform.

In 2020, Artnet has adopted an ESG (Environmental, Social, Corporate Governance) strategy that definitively and concretely defines the scope of responsibility. The 2023 Business Report has enthusiastically endorsed Artnet’s ESG Report for the year 2023. The Group’s strategy is based on a vision for a more sustainable art business, an internal accountability and social commitment. The ESG initiative’s reporting statistics make Artnet one of the most important beneficiaries of the Principle fort, positive ratings and sustainable common practices.

The Annual Report for the 2023 Business Year has been published at artnet.de/investor-relations/geschäftsberichte/

You will find more information and information about the theme of Investor Relations here:

http://www.artnet.com/investor-relations/

About Artnet

Artnet is the major platform for art with 60 million people per year. Artnet began in 1989 with the development of art and art, while people discover, research and revolutionize the best art together. Artnet’s market data is a single source for the art industry. With more than 17 million auctions and AI and ML analyses, there are a number of great transparencies that set an example in the art market. The Artnet Marketplace connects art galleries and auction houses with turbulent Nutzern and Kunden and offers a great selection of 290,000 works of art with Verkauf an. The online art auction platform Artnet Auctions offers an unparalleled Reichsweite, Liquidity and Efficiency. Artnet News reports with current analyses and expert commentaries on the Ereignisse, Trends and People, the global art market. Artnet News is the most important news publication of the art industry. The synergy between the products of Artnet AG offers an enlightening system, the modern art market is informed and informed.

The Artnet AG is the Prime Standard of the Frankfurter Wertpaperbörse, the segment with the high transparency notebooks. The majority of the company was founded in 1989 by Artnet Worldwide Corporation, a hundreds of thousands of companies with Sitz in New York, Abgewickelt. Artnet Worldwide Corp. owns a subsidiary company in London, Artnet UK Ltd.

ISIN code: DE000A1K0375

LEI number: 391200SHGPEDTRIC0X31

Contact:

Sophie Neuendorf

[email protected]