RCS - artnet AG - Artnet Announces Second NFT Sale

Artnet AGAnnouncement

10/03/2022 11:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220310:nRSJ3522Ea&default-theme=true

RNS Number : 3522E  artnet AG  10 March 2022

 artnet AG / Key word(s): Cryptocurrency / Blockchain/Miscellaneous

artnet AG: Artnet Announces Second NFT Sale, Feels Rare Man, Launching March
 11th

10.03.2022 / 11:19

The issuer is solely responsible for the content of this announcement.

 Artnet Announces Second NFT Sale, Feels Rare Man, Launching March 11th

 - Featuring original Rare Pepes and Fake Rares

 - All bidders will receive NFT by Viva La Vandal

 - Supported by Rare Pepe founders Joe Looney and Scarilla

 New York / Berlin, March 10, 2022: Artnet AG, the leading platform for art
 market data and media, and the global marketplace for fine art is excited to
 announce its second NFT sale. As a fully integrated, Ethereum compatible,
 on-chain platform, ArtNFT is among the first in the art world to provide
 collectors with a transparent, efficient, trustworthy, and digitally native
 experience with NFTs. With a buyer's premium of only 10%, Artnet takes
 position as the most cost-effective curated NFT auction platform in the
 traditional art market.

 Following the highly successful inaugural ArtNFT sale in December 2021, the
 upcoming sale, Feels Rare Man, centers on the Rare Pepe project, which began
 in 2016 on a blockchain branch called Counterparty. Feels Rare Man features
 original Rare Pepes and Fake Rares, launched in 2021 during a resurgence of
 the Rare Pepe project.

 "ArtNFT was envisioned to be an authentic and cryptonative extension of the
 work we do at Artnet Auctions and Artnet writ-large, and the tight curation
 and thematic focus of Feels Rare Man speaks meaningfully to our fulfilling
 that goal," said Colleen Cash, VP, Auctions.

 Works in this on-chain auction can be purchased easily in ETH, and all
 participating bidders will be airdropped a newly released NFT by artist Viva
 La Vandal, which will be included in the Fake Rares directory. The number of
 bidders will determine the edition size. The sale features a strong selection
 of works by iconic Rare Pepe artists, such as Joe Looney, Rare Scrilla, Mike,
 Indelible, ICQPEPE, John Villar and Pepenardo, and has found strong support
 from the Rare Pepe OG artists.

 "We have spent significant time connecting with deep and diverse communities
 across the NFT space, and the communities involved in the Rare Pepe and Fake
 Rares worlds are active, engaged, and engaging," said Cash. "We are thrilled
 to be working in such close collaboration with the real OGs and founders in
 this critical part of the NFT world."

 Artnet is a pioneer of the digital art market and was the first company to
 offer online sales of fine art. Today, artnet Auctions hosts more than 70
 curated auctions annually, featuring a range of coveted post-war and
 contemporary paintings, sculptures, prints and photographs. As of the end of
 2021, the value of transactions sold on Artnet Auctions had increased by 6%
 YoY to 25.8 million USD, and revenues have increased by 6% to 5.2 million USD.
 The expansion of ArtNFT has the potential to lead to vastly accelerated growth
 at Artnet in 2022.

 Further Investor-relations related news and publications can be found here:

http://www.artnet.com/investor-relations/

 About Artnet

Artnet has an unparalleled 60 million unique users annually, making it the
 largest global platform for fine art. Founded in 1989, Artnet has
 revolutionized the way people discover, research, and collect art today.
 Artnet's market data is a mission-critical resource for the art industry,
 encompassing more than 15 million auction results and AI- and ML-driven
 analytics providing an exceptional level of transparency and insight into the
 art market. Artnet's marketplace connects leading galleries and auction houses
 with our global audience, offering a curated selection of over 250,000
 artworks for sale worldwide. Artnet Auctions, the pioneering online-only
 auction platform, offers unprecedented reach, liquidity, and efficiency.
 Artnet News covers the events, trends, and people shaping the global art
 market with up-to-the-minute analysis and expert commentary. It is the single
 most-read news publication in the fine art industry, with a rapidly growing,
 and dedicated audience. Together, Artnet's broad synergistic product offering
 provides a comprehensive ecosystem that drives and informs the modern art
 market.

Artnet AG is listed in the Prime Standard of the Frankfurt Stock Exchange, the
 segment with the highest transparency standards. The majority of operations
 are headquartered in New York at its wholly-owned subsidiary, Artnet Worldwide
 Corporation, a New York based entity founded in 1989. Artnet Worldwide Corp.
 owns a London based subsidiary, Artnet UK Ltd.

 ISIN: DE000A1K0375

LEI: 391200SHGPEDTRIC0X31

Contact:

Sophie Neuendorf

sneuendorf@artnet.com

 

 Contact:

Sophie Neuendorf

Vice President

 10.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
 of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.
 Archive at www.dgap.de

 Language:     English
 Company:      artnet AG
               Oranienstraße 164
               10969 Berlin
               Germany
 Phone:        +49 (0)30 20 91 78 -0
 Fax:          +49 (0)30 20 91 78 -29
 E-mail:       info@artnet.de
 Internet:     www.artnet.de
 ISIN:         DE000A1K0375
 WKN:          A1K037
 Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in
               Berlin, Dusseldorf, Stuttgart, Tradegate Exchange
 EQS News ID:  1299589

 

 End of News  DGAP News Service

1299589  10.03.2022

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAURORRUWUOAAR