SAINT-ROMAIN AU MONT, FRANCE--(Marketwire - Feb 21, 2013) - Artprice's strategic alliance
with Artron represents an unprecedented move with
an immediate impact on today's bipolar map of the global Art Market.
Among the
many synergies expected from this partnership, Artprice's exclusive
access to
previously unavailable key data concerning the Chinese art market will
allow an
even truer vision of the global market and will give the two global
art-
information majors full control over market data processing,
market
dematerialization activities and an entire range of global art market
value
chains.
According to Thierry Ehrmann, founder and CEO of Artprice, "this
unique and
exclusive alliance with Artron will allow total mastery of an art market
that
has become bipolar (i.e. the West plus Asia)." Artron is the major global
player
in China and Greater Asia. Artprice and Artron consider their alliance to
have
been patiently constructed over the years via reciprocal diplomacy
in the
framework of a long-term strategy. Over the years, Artprice and Artron
have
developed a thorough understanding of China's leadership ambitions with
respect
to the global art market.
Beyond the economic interests flowing from the parties' contractual
obligations,
this alliance will allow Artprice to distribute a fair and accurate
picture of
the global art market in real time to its global clients, the main
news
agencies, 6,300 publications worldwide and its 2.3 million members.
In historical terms, China was the world's leading artistic light-house for
many
centuries. During the 19th and 20th centuries, its relative absence
from the
West - while it developed its internal market - coincided with the
development
in the West of the standards, both academic and economic, that
prevail in
today's global art market. However, this period of relative absence is
rapidly
closing and China is once again keen to project its influence and culture
around
the globe.
It is therefore entirely logical for Artron to ally itself with Artprice
- the
world leader in art market information - in order to promote China's
legitimate
art market supremacy through the statistical auction data prism that
Artprice
has imposed on the art market as world leader since 1987.
In exchange, Artron will open the door of "Greater China" to Artprice,
allowing
it to develop a very strong position for its various business activities
in the
region alongside a powerful ally and leader in this vast territory.
The know-how of AMMA -Art Market Monitor of Artron- in processing and
analysing
China's market data and information will ultimately allow Artprice to
analyse
and decipher the mechanisms of the global art market without any cultural
bias.
The same is true for Artron whose skills (catalogues, publications,
Chinese
market data flows and comprehensive databases on the Chinese art
market) are
perfectly complementary to Artprice's activities. Indeed, based on
their
respective skills, the two firms will be able to enrich each other's
areas of
expertise (databases, economic analyses, Standardised Marketplaces, art
market
econometrics) and will consolidate their already vital roles in the
growth and
development of the global art market.
The dialogue initiated in the framework of the preparation of Artprice's
Annual
Art Market Report in early March 2013 is a perfect illustration of the
natural
alliance between know-how of two companies, both leaders in their
respective
fields and segments.
As a result of this exclusive alliance, Artprice will be able to
diffuse an
economically fair and balanced view of the art market in both Asia and the
West
through its global networks. The alliance with Artron will allow
Artprice to
apprehend the Asian market with knowledge and information that Artron has
taken
over 20 years to acquire and develop. This alliance is strictly non-
competitive
since Artron's activity sectors (publishers, support for Chinese
auction
operators, newsflows on local art scenes, etc.) are specific to China
and are
not the same as Artprice's.
The historical objective of AMMA -Art Market Monitor of Artron- and
Artprice is
to generate major global synergies in the field of art market data
analysis and
the production of information that is adapted to today's bipolar art
market.
About AMMA, a subsidiary of GROUPE Artron
AMMA -Art Market Monitor of Artron- is a subsidiary of GROUPE Artron. AMMA
is a
research center committed to comprehensive monitoring and in-depth
analysis of
the Chinese Art Market. The research and advisory services are sourced
from
Artron's database, recognized as the largest and most credible database
on the
Chinese art market with more than 2.5 million artworks listed and
auction
results from all over China. For each artwork listed the database contains
high
definition images and is supplemented with information from more than
500
auction houses ever since China Guardian commenced auction activities in
China
in 1993. Using statistical and econometric methodology, AMMA observes the
price
trends of the Chinese art market as well as the specific movements
regarding
particular specialty markets, categories or artists. AMMA also provides
data
analysis, technical valuations and pricing advice. It also organizes
seminars
for individual and institutional customers.
ARTPRICE has joined the prestigious SBF 120 index. The SBF 120 index is
composed
of the 120 largest French listed companies, including the CAC 40 companies
and
the country's 80 most liquid stocks.The current liquidity of the Artprice
share
is 3.83 million euros per day calculated over 440 trading days (amounting
to a
total of 1.688 billion euros).
Artprice is the global leader in databank on Artprices and indices with
more
than 27 million indices and auction results covering more than 500,000
artists.
Artprice Images® offers unlimited access to the largest Art Market
resource in
the world, a library of 108 million images or engravings of artworks from
1700
to the present day along with comments by Artprice's art historians.
Artprice
permanently enriches its databanks with information from 4,500
international
auction houses and auctioneers and publishes a constant flow of art market
trends for the main news agencies and 6,300 international written media.
For its
2.072 million members (member log in), Artprice posts standardized adverts
in
what is today the world's leading Standardised Marketplace® for buying
and
selling works of art by private contract or at auctions -regulated by
French law
alinéas 2 et 3 de l'article L 321.3 du code du commerce-
Discover the Alchemy and the universe of Artprice
http://web.artprice.com/video/, which headquarters are the famous Museum of
Contemporary Art, the Abode of Chaos http://goo.gl/Tz6ly
Artprice is listed on Eurolist B SBF 120 by Euronext Paris (SRD long only):
Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF
Artprice releases:
http://serveur.serveur.com/press_release/pressreleaseen.htm
Follow all of the art market's news with Artprice on Twitter:
http://twitter.com/artpricedotcom/
Artprice partners with Artron:
http://hugin.info/155852/R/1679756/548624.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ARTPRICE COM via Thomson Reuters ONE
[HUG#1679756]