Allston, MA (PRWEB) December 23, 2009
Artfact (http://www.artfact.com), the global leader in online live auctions and software announced today that Martin Kay, former partner at Bain & Company and most recently CEO of Finetune, was named Chief Revenue Officer. On December 11, 2009, Artfact merged with Auctionzip, the world’s largest directory of live auction listings, and completed a $13 million round of growth financing by Boston-based Commonwealth Capital Ventures and Ascent Venture Partners.
Bringing more than twenty years of executive experience advising and managing media and online companies on strategy, marketing, and sales, Kay will oversee Artfact’s commercial activities, including revenue growth, business development, and user acquisition.
"These are exciting times for the entire live auctions industry. As CRO of Artfact, Martin will maximize revenue opportunities and expand live auctions from 150 of the largest auction houses with $1 billion-plus turnover using Artfact Live and Invaluable Live today to thousands of auctioneers using Auctionzip Live in March 2010. We're thrilled to have him on board," said Artfact Chairman and CEO Adam Kirsch.
Kay, who holds an MA in Physics from Oxford and an MBA from Stanford’s Graduate School of Business, expressed his excitement about joining the Artfact/Auctionzip team, “Artfact is the undisputed leader in the online live auction business and is perfectly positioned to extend its dominance as growth in the online channel accelerates.”
On the heels of the merger, Artfact and Auctionzip announced the introduction of Auctionzip Live for March 2010. Auctionzip Live will enable Auctionzip’s dedicated community of auction house customers to run live auctions on Auctionzip.com using Artfact’s industry-leading live auction technology.
About Artfact and Auctionzip:
Founded in 1989, Artfact is the largest global marketplace of fine and decorative arts, antiques, collectibles, and estate auctions. On January 1, 2009, Artfact launched Artfact Live! and Invaluable Live!, its proprietary live auction bidding platforms, enabling more than 1 million knowledgeable collectors and dealers to bid in real-time at more than 150 prestigious auction houses.
Auctionzip is the world’s largest directory of live auction listings. Founded in 2003, Auctionzip lists more than 160,000 estate auctions from 15,000 auctioneers in the U.S. and Canada each year. Auctionzip attracts more than 1.2 million unique visitors per month and is the go-to destination for collectors and dealers in the estate auctions and collectibles market.
Artfact's industry-leading RFC auction management software assists prestigious art and estate auction houses around the world to manage their businesses effectively; its auction price databases of 55 million complete auction results with more than $200 billion in value allow auctioneers and bidders to better evaluate art, antiques, and collectibles.
- Additional background information available.
- Interviews with Adam Kirsch, Chairman and CEO, Artfact +1 (617) 746-9810
- Complimentary media subscriptions to the Artfact database available.
# # #