In order to increase sales of fine art objects over the Internet, Groupe Arnault that holds a controlling stake in the LVMH Moët Hennessy – Louis Vuitton holding company is planning to invest in an online auction Auctoinata. At the moment, the amount of investment is not known, however, according to The New York Times we can talk about more than 45 million dollars. Altogether, this online auction has already attracted funds in the amount of 95.7 million dollars. By the way, this deal is not the first in the field of fine art for the LVMH holding owned by Bernard Arnault, one of the richest people in the world. Previously, he owned the Phillips auction house, and currently manages the Fondation Louis Vuitton Museum in Paris.
Let us recall that Auctionata was founded in 2012 and now is engaged in the fine art and luxury goods auction sales broadcasted live from its studios based in Berlin and New York. The average cost of the lots is 5-15 thousand dollars. So now you can bid and sell wherever you are with the patented real-time auction system backed by a professional team of international experts and state-licensed auctioneers. And Fine Art Shippers will be glad to help you with packing and crating, art storage, and transportation of your newly purchased treasures.