NEW YORK, May 9, 2017 /PRNewswire/ -- Barnebys.com is changing the 300-year-old auction industry by connecting auctioneers and consumers in an entirely new way. Buyers at all price points anywhere in the world now have access to unique auction items, and a treasure trove of price data from across the globe.
The fastest growing art market platform in the world, Barnebys.com quietly launched in the U.S. in 2016. Bolstered by a recent round of venture capital, the Scandinavian start-up is preparing to take the U.S. art, antiques, vintage and collectibles market by storm.
Once thought untouchable, the auction industry now faces disruption. Barnebys, a metasearch engine (or aggregator), compiles data from hundreds of sites, puts thousands of auctions and millions of items at buyers' fingertips in a simple, single search.
Detailed in Barneby's Online Auction Report, a new generation of consumers – to whom trust, accessibility and transparency matters – are taking note and driving change, removing barriers, and putting unique secondary-market treasures like watches, wine, jewelry and furniture on the same, level playing field as "big brand" retail goods. The result:
- Significant growth at the lower- and mid-range (purchase prices under $5,000) and among younger buyers
- A quest for unique items, coupled with a flight toward value and quality
- The online auction revolution -- half of auction purchases are made online and increasingly from mobile devices
"Barnebys.com is free to users and committed to bringing greater access to information and insights that make art, antiques, and unique items more accessible to all," says Christopher Barnekow, founder and CEO of Barnebys. "With data from more than one million users, Barnebys has deep insight on search habits and brings greater transparency to sales information."
Barnebys.com is the world's leading aggregator for design and vintage items, as well as for arts, antiques, and collectibles. It offers access to items from 2,000 auction houses and dealers and has nearly 700,000 searchable lots available to its users every day. Barnebys also brings unprecedented transparency to the auctions market by providing buyers and sellers a free, online realized-price database documenting the final selling prices of 32 million items.
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