AuctionTech
AuctionTech forms partnership with star auctioneer Simon de Pury to launch global live video auction technology solution
PRESS RELEASE AuctionTech forms partnership with star auctioneer Simon de Pury AuctionTech and Simon de Pury have already successfully partnered on numerous auctions over the last year – including the Positive Planet Auction at the Cannes Film Festival, the MTV Re:Define Auction in Dallas, the United Artists for Europe Auction in London, the New Museum Auction in New York or the Monte-Carlo Gala Auction hosted by Prince Albert II of Monaco. Simon de Pury views this partnership as a way to completely redefine how traditional auctions are run in a digitizing world and adds: “With AuctionTech’s unrivalled experience and unique technology we will bring new excitement to the auction world and redefine the customer experience for the 21st century global art collector.” Jan Thiel, AuctionTech’s founder and CEO believes that offering a new live video auction solution, which is both more exciting for customers as well as more cost-efficient to operate, will enable independent auction organizers to offer an outstanding sales format, which appeals to a larger audience of more digital customers. He adds, “Even today, most online auctions offer a very poor customer experience with low-quality images and a video-stream that is 3-5 seconds delayed. With our technology, we will redefine what a true “live” auction experience looks like, thereby completely changing the rules of the game.” Next to digital solutions for art & luxury auctions, AuctionTech is also offering a broad range of highly innovative and tailor-made online auction formats for real-estate sales. Public and Investor Relations Contact AuctionTech
About AuctionTech AuctionTech.com develops and operates tailor-made, white-label solutions for online auctions of art, luxury and real-estate objects, and offers them via a Software-as-a-Service model worldwide. AuctionTech pioneered the unique Live Video Auction, enabling to run and broadcast digital live auctions from anywhere in the world to any device worldwide in true real-time. Based on its proprietary technology platform, over 110,000 items have been auctioned and numerous world records for online prizes have been achieved, such as the sale of an art object for 3.4 million Euros via smartphone. AuctionTech was founded by senior members of the technology team of the former Auctionata AG, largest luxury online auction house in the world. AuctionTech is headquartered in Berlin and venture capital backed. Lead investor and largest shareholder is the German Startups Group, a leading publicly listed German VC investor.
About Simon de Pury Simon de Pury is one of the leading figures in the global art market. He is renowned for his deep and longstanding knowledge of the marketplace and for his legendary performance on the auction podium. In 2015, together with Arnaud Massenet, co-founder of Net-A-Porter, he founded de-Pury.com, an online platform for contemporary culture and auctions of contemporary art. From 2000 to 2012 he was Chairman and Chief Auctioneer of Phillips de Pury & Company. Earlier in his career he was Chairman Europe and Chief Auctioneer Worldwide at Sotheby’s. He was also curator of the Thyssen-Bornemisza Collection, the world’s largest private collection at the time, that today is housed in its own museum in Madrid. Simon has been instrumental in championing the careers of many contemporary artists, photographers and designers. He has auctioned and secured a substantial number of the most legendary art collections for auctions and private treaty. He is also an active charity auctioneer, and over the years has raised hundreds of millions of dollars for numerous charities and cultural institutions. End of Media Release Issuer: AuctionTech Key word(s): Services
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