Auctions Continue Growth as Business Channel

If you think auctions have taken over in the antiques business, recent results from LiveAuctioneers.com will only stregnthen that position.

The Manhattan-based Internet company that provides an online live-bidding platform and related support services to more than 960 auction houses worldwide, has released second-quarter statistics revealing a marked increase in sign-ups, site visits and page views.

“What our second-quarter results have shown us is that fine art, antiques and high-quality memorabilia seem to be performing as an independent microeconomy,” said LiveAuctioneers’ CEO Julian R. Ellison. “Globally, the economy is struggling, but at the same time, interest in collecting the best examples from any given category has never been higher. Fine art, in particular, has been surging, as we’ve witnessed lately in one record-setting auction after another.”

 

During the second quarter of 2010, there were more than 2.6 million unique visitors to LiveAuctioneers.com, where both current and archived auction catalogs are readily available to view. This figure reflects a 31.04% increase over the comparable quarter of 2009.

There was also a sizable jump in the number of visits to the LiveAuctioneers site, soaring from 3.2 million in Q2 2009 to 4.1 million in Q2 2010. Statistically, this result equates to a 31.99% increase in site visits.

2 thoughts on “Auctions Continue Growth as Business Channel

  1. This is a rather disappointing, but perhaps quite true, statement about the online action venue starting to dominate the market. The greatest loss in this is that the on-line auction venue perhaps fails to create new buyers, but rather likely – simply pulls away existing ones from the dealers. Dealers are, in effect, are now cast in the role of creating new interest and collectors . A daunting position to be sure, but a highly necessary goal.

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