Market Overview

Invaluable Reports Strong First Half 2018 Results for Online Auctions

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CEO says double-digit growth and record numbers of buyers and lots
sold during Spring sales point to continued success through year's end

Invaluable,
the world's leading online marketplace for fine art, antiques and
collectibles, today reported results for First
Half 2018
showing double-digit growth across a range of company
benchmarks – clear indicators of the strength of the online art market.

"It's been a very successful first half of the year for auction houses
on the Invaluable marketplace," said CEO Rob Weisberg. "The three most
successful months in company history, with record numbers of buyers and
lots sold, came this spring - March, May and June. We're excited to say
that our projections show the online art market will continue to show
strength through the end of the year."

The first half 2018 results, which are
year-over-year comparisons, include:

  • Live auction sales on the Invaluable platform totaled $193.7m, up over
    29%
  • The number of lots sold increased by 25%
  • The number of unique buyers on Invaluable climbed 21%
  • Invaluable.com
    tallied 18 million visits, up 30%
  • Visits by mobile device users jumped 43% - to 6.3 million
  • Lots sold in eight top categories – fine art, collectibles, Asian art
    & antiques, furniture, jewelry, decorative arts, wine & spirits, and
    dolls, bears and toys – are all up this year; in some cases,
    dramatically. For example, the number of lots of fine art sold rose
    45%, collectibles 31% and Asian art & antiques, 43%

Also this year, Invaluable:

  • Secured a U.S.
    Utility Patent
    that paves the way for the company to consolidate
    and streamline online bidding technology for auction houses across the
    industry. The Invaluable technology offers a far simpler and more
    efficient future in which auction houses can upload a catalog to
    Invaluable and list with all marketplaces. The goal: one listing fee,
    one upload, one approval process, one registration and one clerk.
    Weisberg called it "a game changer for Invaluable and auction houses
    everywhere."
  • Announced it will host the 2019
    Global Auction House Summit
    in London - again
    convening leaders from top auction houses and industry experts to
    explore challenges and opportunities and the future of the market. The
    invitation-only event – "Navigating Our Transforming Industry" - will
    be held Feb. 4-6, 2019 at The Landmark London hotel and will feature
    exceptional panels, round-table discussions and keynote addresses.
    This is the second Global Auction House Summit hosted by Invaluable;
    the inaugural gathering was held in Boston last September.
  • Launched the Invaluable
    app on Android
    , available at Google Play Store. This expanded the
    company's suite of mobile bidding options, which also includes the
    Invaluable app for iPad and iPhone and mobile-optimized website.

For more information on Invaluable, to view upcoming auctions and shop
from galleries and dealers, please visit www.Invaluable.com.

About Invaluable
Invaluable is
the world's leading online marketplace for buying fine art, antiques and
collectibles. Working with more than 5,000 of the world's premier
auction houses, dealers and galleries, Invaluable helps buyers from
nearly 200 countries connect with the things they love. With
best-in-class online bidding technology, along with a fixed-price retail
platform, Invaluable provides sellers with e-commerce and marketing
solutions, as well as auction management software. Recently called "one
of the fastest growing e-commerce sites in the art world" by Blouin
ArtInfo, Invaluable has also been recognized by Deloitte's Technology
Fast 500™ and the EY Entrepreneur Of The Year® program in both 2015 and
2016. Headquartered in Boston, Invaluable also has offices in the United
Kingdom, France, Germany, Belgium and Australia. For more information,
visit www.invaluable.com or
follow us on Twitter at @InvaluableLive.

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