CAIRO (AP) – For thousands of years beneath Egypt’s desert sands a solidified whitish substance sat in a broken jar. Scientists now say it’s “probably the most ancient archaeological solid residue of cheese ever found.”
NEW YORK – LiveAuctioneers, the world’s leading online marketplace for exceptional fine art, antiques and vintage collectibles, has released its Mid-Year 2018 Report confirming record results and a year-over-year pattern of growth unrivaled in the industry.
“In the first six months of 2018, LiveAuctioneers delivered winning bidders on more than 300,000 items and processed billions of dollars in winning bids and underbids,” said LiveAuctioneers CEO, Phil Michaelson. “We dramatically outperformed the competition, and our accelerating growth and Internet best practices continue to drive the highest-quality consignments to auction houses that are on the LiveAuctioneers platform. It has been a source of great pride for our team to be the lowest-cost provider of premium services and yet drive the best results in the industry.”
The first half of the year comparisons on a year-over-year basis include:
- An increase of 37% more bids
- An industry-leading average sell-through rate of 24.7%
- An increase of more than 50,000 new bidders, on average, every month
- Web and mobile traffic of over 23 million visits, up 34%
- Over 133,000 consignments directed, an increase of more than 27%
- Record online-auction results for Lucio Fontana art ($210,000), blockchain art ($140,000), Atsuko Tanaka art ($88,000), Finn Juhl furniture ($60,000) and more
LiveAuctioneers has continued to invest in new solutions for growing its auction house partners’ sales and increasing the flow of their respective consignments. Customer-driven innovations like Custom Auction Software, Auction Previews, Timed Auctions, and payment by cryptocurrency are converting traditional ecommerce shoppers to live-auction winners through LiveAuctioneers. “We out-execute the competition, and auction houses on our platform are enjoying an increase of up to 40% in the number of items sold as compared to the first half of 2017,” Michaelson said. LiveAuctioneers’ free auction price results database, with over 21 million listings, is now faster to search and continues to be the leading resource for appraisers and consignors seeking auctioneers with whom to place consignments.
Click to view LiveAuctioneers’ 2018 mid-year results.
# # #
HONG KONG – Opening this season’s Sotheby’s Hong Kong Chinese Works of Art Autumn Sale Series 2018 on October 3 is the Yamanaka Reticulated Vase which has remained dormant in a private Japanese collection for almost a century since its acquisition in 1924. It was acquired following its exhibition with Yamanaka in New York in 1905.
New York—This fall, as part of the ongoing dialogue over AI and art, Christie’s will become the first major auction house to offer a work of art created by an algorithm, which will be included in the Prints & Multiples auction in New York October 23-25. The work is titled Portrait of Edmond de Belamy (estimate: $7,000-10,000), created by artificial intelligence and conceived by the Paris-based collective Obvious.
PHILADELPHIA – The legendary First Dollar of the New World struck in Mexico City by the Spanish in 1538, sold for $528,000 Friday, Aug. 17, at an auction of rare ancient and world coins held by Heritage Auctions in Philadelphia.
CRANSTON, R.I. – A fresh-to-the-market oil painting by the French impressionist master Pierre Auguste Renoir (1841-1919), done around 1918 and titled Portrait of Gabrielle leaning on her hand, promises to be the centerpiece lot in an auction planned for fall or winter – probably in November – by Bruneau & Co. Auctioneers.
LONDON – Britain’s National Portrait Gallery has acquired a portrait of Dylan Thomas by his close friend Augustus John, it was announced today, August 16, 2018. The portrait, which links two of the most significant cultural figures in 20th-century Britain, has been purchased with support from the National Heritage Memorial Fund, Art Fund and The Thompson Family Foundation.
PHILADELPHIA- Numismatic auction powerhouse Stack’s Bowers Galleries sold the rarest and most valuable U.S. nickel in existence for $4,560,000 million at their August 15 auction held at the American Numismatic Association’s World’s Fair of Money at Philadelphia’s Pennsylvania Convention Center. At this price it becomes one of the five most valuable coins ever sold at auction as well as the most valuable non-precious metal coin ever.
NEWARK, N.J. –The Newark Museum has announced the bequest of two American bronze sculptures from the collection of Justice Marie L. Garibaldi of Weehawken. Garibaldi, who died in 2016, was the first woman appointed to the New Jersey Supreme Court, and also the first woman to serve as President of the New Jersey Bar Association.