Auctionata the German based online auctioneers and Paddle8 have announced that they are merging to create the largest online art, collectibles and luxury goods company in the world. This has come about despite reports of illegal shill bidding at Auctionata. See article April 6 2016. The joint company will immediately become one of the top […]
The Berlin-based online art auction company Auctionata has been accused of shill bidding and other trade violations. The German business magazine Wirtschaftswoche has revealed that an audit by the accountancy firm KPMG in January 2015 found that CEO Alexander Zacke and his wife Susanne Zacke engaged in auctions on the Auctionata website, using registered pseudonyms as well as their own names. Wirtschaftswoche alleges […]
Auctionata, the German based online auction site has been backed by Groupe Arnault, the controlling shareholder of French luxury group LVMH Moët Hennessy Louis Vuitton. The company has committed to invest an undisclosed sum in the troubled auction site. The fashion group joins a number of other investors in this round of funding thought to be around $45 million. Auctionata has […]
Invaluable,one of the oldest and largest online live auction marketplaces, has announced that it has raised $33.75 million in a Series D funding round led by New York-based Insight Venture Partners, with participation from existing investors Ascent Venture Partners and Commonwealth Capital Ventures. As part of the transaction, Bradley Twohig, principal at Insight Venture Partners, […]
The first company to use this type of technology was Lauritz in Denmark. The second, that springs to mind, was Auction Atrium, the London based company founded by CEO Allison Earl Woessner in 2006. Ms Woessner, a former US citizen, is now Auctionata’s UK Director.
Managing Director Allison Earl Woessner Locks the door on Kensington online auctioneers