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February 15, 2012 05:03 pm GMT
As the art world and the market for fine art and collectible items have becoming increasingly international, one would think digital platforms and technology would help speed their growth, open up new markets, and make transactions more seamless. After all, eBay was founded in the mid-90's. When one looks to the international scene to find the prime movers of tech-based platforms, one of the names that surfaces is Saffronart. Saffronart was founded in 2000, taking a page from eBay's book, as an online auction house -- yet one that specializes in modern and contemporary Indian art. Almost immediately, the company found an audience, quickly selling $125K worth of fine art. Despite some bumps along the way (the global financial crisis in 2008 wreaked havoc on the art market), Saffronart has grown to be the largest fine-art auction house in India, online or otherwise, and one of the largest online fine art auction platforms in the world.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QCsM0xoSeNI/
Top Online Auctioneer Saffronart Launches First-Ever Sale Of Western Art In India
As the art world and the market for fine art and collectible items have becoming increasingly international, one would think digital platforms and technology would help speed their growth, open up new markets, and make transactions more seamless. After all, eBay was founded in the mid-90's. When one looks to the international scene to find the prime movers of tech-based platforms, one of the names that surfaces is Saffronart. Saffronart was founded in 2000, taking a page from eBay's book, as an online auction house -- yet one that specializes in modern and contemporary Indian art. Almost immediately, the company found an audience, quickly selling $125K worth of fine art. Despite some bumps along the way (the global financial crisis in 2008 wreaked havoc on the art market), Saffronart has grown to be the largest fine-art auction house in India, online or otherwise, and one of the largest online fine art auction platforms in the world. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QCsM0xoSeNI/
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