|By Marketwired .
|February 21, 2013 01:37 AM EST
SAINT-ROMAIN AU MONT, FRANCE -- (Marketwire) -- 02/21/13 -- Artprice's strategic alliance
with Artron represents an unprecedented move with
an immediate impact on today's bipolar map of the global Art Market.
many synergies expected from this partnership, Artprice's exclusive
previously unavailable key data concerning the Chinese art market will
even truer vision of the global market and will give the two global
information majors full control over market data processing,
dematerialization activities and an entire range of global art market
According to Thierry Ehrmann, founder and CEO of Artprice, "this
exclusive alliance with Artron will allow total mastery of an art market
has become bipolar (i.e. the West plus Asia)." Artron is the major global
in China and Greater Asia. Artprice and Artron consider their alliance to
been patiently constructed over the years via reciprocal diplomacy
framework of a long-term strategy. Over the years, Artprice and Artron
developed a thorough understanding of China's leadership ambitions with
to the global art market.
Beyond the economic interests flowing from the parties' contractual
this alliance will allow Artprice to distribute a fair and accurate
the global art market in real time to its global clients, the main
agencies, 6,300 publications worldwide and its 2.3 million members.
In historical terms, China was the world's leading artistic light-house for
centuries. During the 19th and 20th centuries, its relative absence
West - while it developed its internal market - coincided with the
in the West of the standards, both academic and economic, that
today's global art market. However, this period of relative absence is
closing and China is once again keen to project its influence and culture
It is therefore entirely logical for Artron to ally itself with Artprice
world leader in art market information - in order to promote China's
art market supremacy through the statistical auction data prism that
has imposed on the art market as world leader since 1987.
In exchange, Artron will open the door of "Greater China" to Artprice,
it to develop a very strong position for its various business activities
region alongside a powerful ally and leader in this vast territory.
The know-how of AMMA -Art Market Monitor of Artron- in processing and
China's market data and information will ultimately allow Artprice to
and decipher the mechanisms of the global art market without any cultural
The same is true for Artron whose skills (catalogues, publications,
market data flows and comprehensive databases on the Chinese art
perfectly complementary to Artprice's activities. Indeed, based on
respective skills, the two firms will be able to enrich each other's
expertise (databases, economic analyses, Standardised Marketplaces, art
econometrics) and will consolidate their already vital roles in the
development of the global art market.
The dialogue initiated in the framework of the preparation of Artprice's
Art Market Report in early March 2013 is a perfect illustration of the
alliance between know-how of two companies, both leaders in their
fields and segments.
As a result of this exclusive alliance, Artprice will be able to
economically fair and balanced view of the art market in both Asia and the
through its global networks. The alliance with Artron will allow
apprehend the Asian market with knowledge and information that Artron has
over 20 years to acquire and develop. This alliance is strictly non-
since Artron's activity sectors (publishers, support for Chinese
operators, newsflows on local art scenes, etc.) are specific to China
not the same as Artprice's.
The historical objective of AMMA -Art Market Monitor of Artron- and
to generate major global synergies in the field of art market data
the production of information that is adapted to today's bipolar art
About AMMA, a subsidiary of GROUPE Artron
AMMA -Art Market Monitor of Artron- is a subsidiary of GROUPE Artron. AMMA
research center committed to comprehensive monitoring and in-depth
the Chinese Art Market. The research and advisory services are sourced
Artron's database, recognized as the largest and most credible database
Chinese art market with more than 2.5 million artworks listed and
results from all over China. For each artwork listed the database contains
definition images and is supplemented with information from more than
auction houses ever since China Guardian commenced auction activities in
in 1993. Using statistical and econometric methodology, AMMA observes the
trends of the Chinese art market as well as the specific movements
particular specialty markets, categories or artists. AMMA also provides
analysis, technical valuations and pricing advice. It also organizes
for individual and institutional customers.
ARTPRICE has joined the prestigious SBF 120 index. The SBF 120 index is
of the 120 largest French listed companies, including the CAC 40 companies
the country's 80 most liquid stocks.The current liquidity of the Artprice
is 3.83 million euros per day calculated over 440 trading days (amounting
total of 1.688 billion euros).
Artprice is the global leader in databank on Artprices and indices with
than 27 million indices and auction results covering more than 500,000
Artprice Images® offers unlimited access to the largest Art Market
the world, a library of 108 million images or engravings of artworks from
to the present day along with comments by Artprice's art historians.
permanently enriches its databanks with information from 4,500
auction houses and auctioneers and publishes a constant flow of art market
trends for the main news agencies and 6,300 international written media.
2.072 million members (member log in), Artprice posts standardized adverts
what is today the world's leading Standardised Marketplace® for buying
selling works of art by private contract or at auctions -regulated by
alinéas 2 et 3 de l'article L 321.3 du code du commerce-
Discover the Alchemy and the universe of Artprice
http://web.artprice.com/video/, which headquarters are the famous Museum of
Contemporary Art, the Abode of Chaos http://goo.gl/Tz6ly
Artprice is listed on Eurolist B SBF 120 by Euronext Paris (SRD long only):
Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF
Follow all of the art market's news with Artprice on Twitter:
Artprice partners with Artron:
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ARTPRICE COM via Thomson Reuters ONE
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