ArtBanc International Announces the Launch of the ArtBanc Trading Platform
DALLAS, Dec. 2, 2014 /PRNewswire/ -- ArtBanc International announces the formal launch of its Trading Platform for fine art, jewelry, sculpture and photography in the $20,000 to $2 million-price range. The ArtBanc Trading Platform is a new marketplace and the only real alternative to the traditional auction houses for the placement of such high value works of art. ArtBanc now offers sellers immediate access to a global art markets at vastly reduced commissions rates (5% to 8%) and has removed the buyer's premium and incentive fees. Traditional art sales can cost a seller upward of 30% of an item's value in combined transaction fees and offer only seasonal, or intermittent sales outlets.
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Scott A. Barnes, Chief Executive Officer, of ArtBanc stated, "We are pleased to offer collectors, fiduciaries and other direct sellers a new option and marketplace for the sale of fine art. By focusing our expertise as a sell-side advisory, we remove conflicts present inside the auction system. For the buyers, we offer full transparency and we have eliminated the payment of a buyer's premium."
Founded on world-class expertise, ArtBanc provides full transparency of information, un-paralleled valuation and condition reporting. The ArtBanc approach tangibly addresses all transaction risks prevalent in the sale of fine art and collectibles. There is no cost to register for the ArtBanc Trading Platform for interested buyers. A registration link to can be found at www.artbanc.com or contact Thomas Wertimer Managing Director of Business development at twertimer@artbanc.com.
In addition to the Trading Platform, ArtBanc provides collectors, advisors, and art related businesses with a full range of services and is a recognized leader in providing Collection Management Services.
ArtBanc
London, New York, Dallas
100 Crescent Court
Suite 700
Dallas, Texas 75201
+1-214-459-8255
Contact Scott A. Barnes
Email: sbarnes@artbanc.com
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