Fintech PR
Artprice by Artmarket has unveiled its new website, solidifying its position as the go-to platform for the online Art Market.
PARIS, Sept. 13, 2023 /PRNewswire/ — After the brilliantly successful launch of the new version of Artprice.com by Artmarket at the beginning of September, our initial analyses and statistics show an overwhelmingly positive response from our customers and new users as well as a very considerable increase in logged activity (+441%) on a 10-month moving average basis. This surge in activity is expected to directly translate into a substantial boost in our revenue.
(See: https://www.artprice.com)
Artprice by Artmarket now offers a completely new website that was redesigned in collaboration with the Vahumana team (TRSb Group) of high-level external consultants closely involved in the audit, development, and complete overhaul of Artprice since 2018, using a solid UI/UX approach. UX and UI (User Experience and User Interface) both rely on user-centric approaches to website design.
This new intuitive and user-friendly website, with simplified access, has brought together the numerous high value-added data banks of Artprice.com, its subsidiaries, and its numerous departments, thus allowing easy and direct access to the most important, most relevant, and most exhaustive information on the art market.
Particular attention has been paid to the development of our mobile version. It’s not merely a scaled-down “app” version, which might struggle to capture the full richness of the desktop experience and would remain reliant on operating systems with their continuous cycle of upgrades and fixes.
The feedback from customers and members is unanimous: “The new site is so much more pleasant to use and allows you to navigate through rich and varied content.”
Customers and users are discovering information they never knew existed. The change is so dramatic that some users think Artprice has been involved in a merger or an acquisition! For its financial partners and shareholders, this new version represents a real “game changer”.
The new intuitive search bar, in a central position, offers instant access to a comprehensive tree structure around the subject of the search, which ultimately generates an increase in the time spent on Artprice.com.
Our new search engine instantly connects to information on 821,500 artists, 16,261,100 auction results, and price-index data (including 1,087,500 auction lots referenced over the last 12 months from 7,200 auction houses around the globe) and to all the art market data in our databanks stretching back to the 4th century.
Artprice by Artmarket thus offers the world’s most elaborate and exhaustive search engine on the art market and solidly confirms its reputation as the World Leader in Art Market Information for the past 25 years.
Test it and you will see! The universal search bar shows all the possible information available around the element searched: artists, works in future and past auctions, art market indices, works available on our standardized Artprice.com Marketplace, relevant articles in our ArtMarketInsight® archive, art market reports (annual, semestrial, segment-focused, etc.) and of course, all the relevant data and images in our databases (including signatures and monograms, catalogs raisonnés, archived historical data, etc.) that has been selected, checked and digitally recorded from the colossal archives that Artprice has purchased around the world over the past 25 years (see Artmarket.com’s Universal Registration Document as filed with the AMF – France’s Financial Markets Authority).
Artprice.com by Artmarket’s use of algorithmic AI for its own Intuitive Artmarket ® AI also allows access to very relevant and highly personalized recommendations concerning artists, works, sales, and even art history – allowing users to go infinitely further in their discovery and knowledge of the art market.
Artprice Images® allows unlimited access to the largest collection of art market images in the world, with its collection of manuscripts and sales catalogs forming a physical and digital library made up of 180 million images or engravings of artworks from 1700 to the present day, all commented by our art historians.
In this highly specific economic sector, no art market-related company in the world has such a massive volume of ultra-qualified and proprietary data, with the original paper archives representing a very important asset and an almost impregnable barrier to entry.
It’s worth noting that Artprice by Artmarket has achieved the prestigious distinction of receiving France’s state-endorsed ‘Innovative Company’ label for two consecutive years—an accomplishment that is quite rare among companies listed on regulated markets. This esteemed recognition is bestowed following rigorous eligibility criteria and is conferred by the Banque Publique d’Investissement (bpifrance).
Artprice’s new online architecture integrates new communication spaces for advertisers, with a back-office for the completely autonomous management of their advertisements. The 2023/2024 target for Artprice by Artmarket is to double its turnover.
According to thierry Ehrmann, President of Artmarket.com and Founder of Artprice: “More than ever, the Art Market reflects the world we live in: a world that cherishes all that is beautiful and rare, most of which is finite. We must therefore constantly reinvent by creating new ways to enrich our souls.”
We are seeing a new phase of market acceleration, driven by a growing number of new collectors, particularly in Greater Asia, eager to participate in the exchange of artworks, a commerce that is an integral part of our humanity.
With the 2023/2024 dedicated advertising spaces our customers will intuitively dive into the heart of Art Market news and will be privileged players within a human and informative approach.
After several months of consultations with users, we have refined the user interface of our Standardized Marketplace to streamline the process of accessing artworks available for sale, whether through fixed pricing or auctions, as well as facilitating the seamless posting of online advertisements. The target is to substantially increase the flow of transactions in a market where roughly 70,000 artworks are available every day.
As planned in its 2023/2024 calendar, Artprice has therefore opened its paid spaces (in compliance with IAB standards) to the art market. This historic opening implies a radical change in our economic model, with paying advertisers fully integrated into its databases and services, its Artists pages, and its Web 3.0. However, every effort will be made to ensure the discretion of the advertising in terms of design and ergonomics for its clients and subscribing members.
The new digital modules available to its advertisers offer a multitude of locations, with choices of language, media, duration, and prices, while harmoniously respecting the primary raison d’être of providing access to Artprice’s databases, which remains our company’s fundamental DNA.
The significant and highly successful rollout of Artprice’s IT infrastructure will generate new turnover from paid new subscriptions and new revenue from advertising that will be fully integrated into the Artprice by Artmarket databases and services, allowing advertisers complete control over their digital campaigns. Together, these new sources of income should double our company’s turnover within 12 months.
As regards the advertising revenue, our principal targets are of course the 7,200 auction houses around the world, the vast majority of whom have been affiliated with Artprice for more than two decades and 98% of whom now announce their physical or digital sales on the Internet (including their post-Covid “online sales”).
The second group of potential advertisers are organizers of Art World events such as fairs and exhibitions which are mushrooming on all five continents of the globe. In the Contemporary and Modern Art segments alone, Artprice counts nearly 400 such events.
And who will their advertising be aimed at? The 18,000 fine art valuers and appraisers, the art insurers, the 32,000 galleries, and the 4,500 art museums and institutions around the world, all will benefit from highly targeted digital communication.
All these potential advertisers and their targets are customers who have subscribed to Artprice’s databases for a very long time.
The 7,200 global auction houses affiliated with Artprice can now highlight their future sales with extremely relevant targeting, in paid advertiser mode, according to very specific search criteria, while strictly respecting European (GDPR) and American laws on personal data of Artprice’s 7.2 million customers and members.
Remember, for over 70 years now the standard economic model of an auction house includes an advertising budget to announce details of public sales that represents 34% of its overall costs, regardless of the country or the size of the operator. With the advent of digital advertising making it possible to respond instantly to advertisers, this budget can only grow.
In practice, auction houses hosting meticulously cataloged sales, regardless of their scale, gain insight into artworks that may potentially remain unsold due to a lack of buyers or unmet reserve prices. This information is typically conveyed through purchase orders or ATPs (Advance Payment Terms), which they receive approximately 3 to 4 days prior to each auction.
In such cases, the auction house is ready to deploy ultra-targeted digital campaigns in a few hours to make the most of its upcoming sale. Only Artprice, with its data centers, it’s engineering, and its processes can respond to this type of request, 24 hours a day, and on a global scale.
In summary, the new online version of Artprice.com by Artmarket is a real paradigm shift, but it remains 100% faithful to the historical DNA of Artprice and to the primordial postulate of its founder, thierry Ehrmann – to make art market information as accessible and transparent to the widest possible population. Artprice’s historic alliance with the first global press agency dedicated to art market news and information, Cision PR Newswire (reaching 119 countries in 18 different languages) is an integral part of this strategy.
Copyright 1987-2023 thierry Ehrmann www.artprice.com – www.artmarket.com
- Don’t hesitate to contact our Econometrics Department for your requirements regarding statistics and personalized studies: [email protected]
- Try our services (free demo): https://www.artprice.com/demo
- Subscribe to our services: https://www.artprice.com/subscription
About Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:
https://imgpublic.artprice.com/img/wp/sites/11/2023/04/2023_2_Biographie-thierry-Ehrmann_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 817,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2022“, published in March 2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022
Artprice releases its 2022 Ultra-Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2022
Index of press releases posted by Artmarket with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.3 million followers)
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ACRHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
- www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over 4 million followers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department – Contact: [email protected]
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Fintech
Fintech Pulse: Your Daily Industry Brief (Plaid, Warner Bros., TransUnion, Monevo, FinVolution, CreditTech, Glenbrook Partners)
Op-Ed: The Dawn of a Fintech Spring
As the financial technology sector continues to navigate the complex post-pandemic landscape, recent developments suggest a revitalized period of growth and innovation. Key players are making bold moves, partnerships are forming, and underserved markets are gaining attention. In this briefing, we explore the latest headlines and what they reveal about the industry’s trajectory.
Plaid Reports Growth in Revenue and Usage Rates
Plaid, the connective tissue of the fintech ecosystem, has shown remarkable resilience and growth. The company’s CEO recently highlighted a surge in both revenue and usage rates, describing the current period as a “fintech spring.” This growth comes as consumer demand for seamless financial solutions remains high, despite macroeconomic challenges.
Plaid’s ability to maintain relevance is tied to its strategic partnerships and continuous innovation. By enabling applications like Venmo and Robinhood to thrive, Plaid underscores the importance of integration in fostering user trust and utility.
Source: Bloomberg
Warner Bros. Discovery Strengthens Board with Fintech Leadership
Warner Bros. Discovery is diversifying its board by bringing in SoFi CEO Anthony Noto and outgoing IAC Chief Executive Joseph Levin. This move signals the increasing influence of fintech expertise beyond traditional financial sectors. With Noto’s leadership in digital banking and Levin’s extensive background in technology-driven enterprises, Warner Bros. Discovery is positioning itself for a future that seamlessly blends media and financial technology.
This cross-industry synergy could lead to innovative offerings, bridging gaps between entertainment platforms and fintech applications, such as micro-investing and personalized financial recommendations for content consumers.
Source: Reuters
TransUnion to Acquire Monevo
Credit reporting agency TransUnion has announced its plans to acquire Monevo, a leading credit prequalification and distribution platform. This acquisition aims to enhance TransUnion’s capabilities in the credit technology space, allowing it to offer more personalized and accessible financial solutions to consumers.
By integrating Monevo’s platform, TransUnion is expected to provide lenders with advanced tools to better assess creditworthiness while empowering consumers with prequalified loan offers. This development is particularly timely as consumers increasingly seek transparency and efficiency in credit processes.
Source: TransUnion Press Release
FinVolution Highlights CreditTech Opportunities in Southeast Asia
Ming Gu, Senior Vice President of FinVolution, emphasized the transformative potential of CreditTech in Southeast Asia during his address at the Asian Financial Forum. With a significant portion of the region’s population still underserved by traditional financial institutions, CreditTech presents a unique opportunity to bridge the gap.
Gu pointed out that leveraging AI and data analytics can help tailor credit solutions for diverse needs, ultimately fostering financial inclusion and economic growth in these emerging markets. FinVolution’s insights reaffirm the critical role of fintech in empowering underserved communities.
Source: PR Newswire
Glenbrook Partners Launches On-Demand Learning Program
Payments consultancy Glenbrook Partners has introduced an on-demand learning platform designed to educate professionals in the payments industry. This initiative is expected to address the growing need for skilled talent as digital payment ecosystems expand globally.
The program offers modular content covering foundational and advanced topics, catering to professionals at various stages of their careers. By equipping individuals with in-depth knowledge, Glenbrook is contributing to the industry’s sustainability and growth.
Source: PR Newswire
Analysis and Takeaways
These stories collectively highlight a few key trends shaping the fintech landscape:
- Resilient Growth: Plaid’s trajectory reaffirms that consumer-centric innovations drive sector resilience even during economic uncertainties.
- Cross-Industry Integration: Warner Bros. Discovery’s board appointments underline fintech’s permeation into traditionally non-financial domains.
- Strategic Acquisitions: TransUnion’s acquisition of Monevo showcases how established players are leveraging fintech to enhance service offerings.
- Global Inclusivity: Efforts by FinVolution and others highlight the role of fintech in addressing global financial disparities.
- Education and Skill Development: Initiatives like Glenbrook’s program reflect a proactive approach to fostering a knowledgeable workforce.
The post Fintech Pulse: Your Daily Industry Brief (Plaid, Warner Bros., TransUnion, Monevo, FinVolution, CreditTech, Glenbrook Partners) appeared first on News, Events, Advertising Options.
NEW YORK, Jan. 15, 2025 /PRNewswire/ — J.F. Lehman & Company (“JFLCO”), a leading middle-market private investment firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and team additions.
Promotions include Karina Perelmuter to Managing Director, Megan E. Kanefsky to Director, Bridget A. Harding to Vice President and Bailee D. Glass to Associate. “Our latest promotions highlight the exceptional contributions by these individuals as well as our established track record cultivating career progression,” said Louis N. Mintz, Partner. “Their dedication and impact across our own organization and our portfolio companies illustrates our commitment to excellence and fostering sustained success.”
The firm also recently welcomed several new investment professionals including Sandra Wong, Jack R. Chandler, Yosef W. Medhin, Jack R. Smith and Emily O. Strambi. JFLCO’s functional capabilities were augmented with the addition of Isabel R. Grabel and Jessica S. Godt in Investor Relations, Miguel Zhindon in Technology and Grace Xu in Finance & Accounting.
“We continue to attract outstanding new talent following the successful closing of our latest buyout fund,” said Glenn M. Shor, Partner. “These new team members further enhance the firm’s capacity and capabilities.”
Recent Promotions
Karina Perelmuter, Managing Director, Marketing & Investor Relations. Prior to joining the firm in 2019, Ms. Perelmuter served as a Vice President in Lazard’s Private Capital Advisory practice, a member of the Investor Relations team at Tiger Global and a Fund Accountant at Mount Kellett. She began her career in Assurance at Ernst & Young. Ms. Perelmuter graduated magna cum laude from American University, where she earned a B.S. in finance and accounting.
Megan E. Kanefsky, Director, Human Capital. Prior to joining the firm in 2021, Ms. Kanefsky spent 15 years in the Human Resources Group at Blackstone, where she focused on recruiting, benefits administration, performance evaluation and organizational development. Ms. Kanefsky earned a B.A. in psychology from the University of Maryland and an M.A. in industrial and organizational psychology from Baruch College.
Bridget A. Harding, Vice President. Prior to joining the firm in 2020, Ms. Harding began her career as an Investment Banking Analyst in Goldman Sachs’ Global Industrials Group. Ms. Harding graduated summa cum laude from Lehigh University, where she earned a B.S. in accounting and finance.
Bailee D. Glass, Associate. Prior to joining the firm in 2022, Ms. Glass began her career as an Alternative Investments Research Analyst in BlackRock’s hedge fund solutions group. Ms. Glass graduated from the University of Chicago, where she earned a B.A. in economics.
Investment Team Additions
Sandra Wong, Vice President, Credit. Prior to joining the firm, Ms. Wong served as Vice President on the U.S. Investment Team at Strategic Value Partners, where she focused on distressed and special situations opportunities. She began her career as an Investment Banking Analyst at Credit Suisse, where she later transitioned to the Private Equity Group. Ms. Wong earned a B.A. in business economics as well as a minor in accounting from UCLA and an M.B.A from the Wharton School at the University of Pennsylvania.
Jack R. Chandler, Associate. Prior to joining the firm, Mr. Chandler began his career as an Investment Banking Analyst at Grace Matthews. He graduated magna cum laude from the University of Notre Dame, where he earned a B.B.A. in finance and applied computational mathematics and statistics.
Yosef W. Medhin, Associate. Prior to joining the firm, Mr. Medhin was an Investment Banking Analyst in Citi’s Industrials Group and began his career as an Investment Banking Analyst at Deutsche Bank. He graduated from Washington and Lee University, where he earned a B.S. in business administration.
Jack R. Smith, Associate. Prior to joining the firm, Mr. Smith began his career at Morgan Stanley in the Private Equity Solutions group. He graduated summa cum laude from Drexel University, where he earned a B.S. in finance.
Emily O. Strambi, Analyst. Prior to joining the firm, Ms. Strambi began her career as an Equity Trading Analyst at the Royal Bank of Canada, where she covered the healthcare and consumer sectors. She graduated magna cum laude from the Wharton School at the University of Pennsylvania, where she earned a B.S. in economics with concentrations in finance and business analytics as well as a minor in legal studies and history.
Other Team Additions
Isabel R. Grabel, Marketing & Investor Relations. Prior to joining the firm as a Senior Associate, Ms. Grabel was a Senior Associate at Harvest Partners, where she focused on private equity investments in industrials, healthcare, business services and consumer products. She began her career as an Investment Banking Analyst at Jefferies. Ms. Grabel graduated from the Ross School of Business at the University of Michigan, where she earned a B.B.A. with a concentration in finance and financial management services.
Jessica S. Godt, Marketing & Investor Relations. Ms. Godt joined JFLCO in 2024 to support and consult on the firm’s marketing and fundraising efforts across private equity and credit strategies. Previously, Ms. Godt served as Vice President of Investor Relations at Warwick Investment Group and began her career in Lazard’s Private Capital Advisory practice. She earned a B.S. in commerce with concentrations in finance and management and a minor in business analytics from the University of Virginia.
Miguel Zhindon, Enterprise Technology. Prior to joining the firm as a Vice President, Mr. Zhindon served as a Senior Technology Consultant at iCorps Technologies, tailoring IT strategies, training and technical support for JFLCO and other clients. Previously, Mr. Zhindon held various roles in network administration and telecommunications. He began his career in the United States Marine Corps and graduated from Pace University, where he earned an M.S. in information systems and assurance.
Grace Xu, Finance & Accounting. Prior to joining the firm as an Assistant Controller, Ms. Xu served as a Business Unit Controller at Millennium Management. Previously, Ms. Xu worked as a Manager at PricewaterhouseCoopers in the financial services group. Ms. Xu earned a B.S. in accounting from Pennsylvania State University. Ms. Xu is a Certified Public Accountant.
About J.F. Lehman & Company, Inc.
Founded in 1992, J.F. Lehman & Company focuses exclusively on investing in the aerospace, defense, maritime, government and environmental industries. The firm has offices in New York and Washington, D.C.
http://www.jflpartners.com
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FORNEBU, Norway, Jan. 15, 2025 /PRNewswire/ — Reference is made to the announcement by Aker Horizons ASA (“Aker Horizons” or the “Company”) on 9 January 2025 regarding fixed income investor meetings and a potential new bond issue. The Company has met a broad range of investors and experienced strong interest from the market.
The Company has received valuable feedback, which it will evaluate as part of the ongoing process to optimize the Company’s overall capital structure. Accordingly, the Company will not pursue a potential bond offering at this time.
Aker Horizons has a robust liquidity position and benefits from strong support from its main shareholder and creditor Aker ASA. The Company is committed to its strategy of developing green energy and green industry.
For further information, please contact:
Stian Andreassen, Investor Relations, Tel: +47 41 64 31 07
[email protected]
Mats Ektvedt, Media, Tel: +47 41 42 33 28
[email protected]
About Aker Horizons:
Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
IMPORTANT INFORMATION
This communication is not an offer to sell or purchase, or the solicitation of an offer to sell or purchase, any securities, or the solicitation of a proxy, in any jurisdiction in which, or to any person to whom, such offer, sale or solicitation is not authorized or would be unlawful.
This communication contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and other statements, which are not statements of historical facts. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “will be” and similar expressions. You are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, and that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward -looking information and statements contained herein. The forward-looking statements in this communication speak only as of the date hereof and, other than as may be required by applicable law, the Company does not undertake any obligation to update or revise any forward-looking information or statements.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/aker-horizons/r/fixed-income-investor-meetings—update,c4091958
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