Disrupting%20the%20global%20auction%20market%3A%20Auctionata%20achieves%20online%20world%20record%2C%20195%25%20growth

The Berlin-based online auction house Auctionata has completed the first half of the year 2015 with a GMV of €35.7 million (US $39.7 million), which constitutes a 195 percent increase compared to the same period in the year before. Only two years after launching weekly livestream auctions, Auctionata is now Germany’s biggest auction house both in terms of revenue and size of staff. About 80 percent of the GMV was generated in the livestream auctions, while the online shop and private sales contributed the remaining percentage. Moreover, Auctionata set a new world record for a work of art sold in an online auction. In June, a Chinese automaton clock sold for €3.37 million (US $3.83 million) to the well-known investor Liu Yiqian. This makes it the most expensive work of art ever to be sold in an online auction, and the highest auction result for any German auction house in 2015. Further,

Read More: Disrupting the global auction market: Auctionata achieves online world record, 195% growth