AG | |
Industry | Online auction |
Founded | 2012 |
Founder | Alexander Zacke, Susanne Zacke |
Defunct | 2017 |
Headquarters | Berlin, Germany |
Area served
|
Global |
Key people
|
Thomas Hesse (CEO), Alexander Gilkes (CIO), Lucas Hulsmann (CFO), Osman Khan, Patrick van der Vorst, Jan Thiel, Johannes Riedl, |
Products | Livestream Auctions, Online shopping, Online auction |
Services | Art valuation |
Revenue | $150 million (2015) |
Number of employees
|
approx. 120 (as of June 2013 excl. experts) |
Website | https://auctionata.com |
Auctionata was an online auction house and eCommerce company specializing in luxury goods, art, antiques and collectibles. It became insolvent in 2017. Based in Berlin with offices in New York, Auctionata employed 250 experts who valued, authenticated, and curated art objects. Since opening in February 2012, Auctionata has evaluated and verified over 21,000 pieces of art. Notably, Auctionata's experts discovered a watercolor by Egon Schiele, which was valued at a starting price of $1.3 million (€1 million).
Auctionata was founded in 2012 by Alexander Zacke, Susanne Zacke and Georg Untersalmberger with investment capital provided by the Georg von Holtzbrinck Publishing Group and the Otto GmbH Group. The online shop was launched in September 2012, and Auctionata's first auction was held in December 2012.
On 22 May 2013, Auctionata announced a strategic partnership with Chrono24, a large specialty marketplace for luxury watches. This partnership included 52 auctions over several years.
In February 2013, Auctionata raised $20.2 million of funding through investment firms Earlybird Venture Capital, E.ventures, Bright Capital, Edward Shenderovich of Kite Ventures, as well as with previous funders Holtzbrinck, Otto and the Raffay Group.http://www.gruenderszene.de/allgemein/auctionata-insolvenz-entlassungen-auktionen-startup
In March 2015, Auctionata raised €42 million ($45 million) from a group of investors led by Bernard Arnault, the Polish private equity fund MCI Management SA and the Hearst Media Corporation.