Auctionata Files for Insolvency in Berlin

artnet News | Alyssa Buffenstein:

The online auction start-up Auctionata Paddle8 AG filed a request to open insolvency proceedings on January 16, according to publicly accessible documents published by the Amtsgericht Charlottenburg, the district court responsible for the company’s headquarters in West Berlin.

Auctionata, founded in 2012, has reportedly been under financial strain recently; last week, the German business news weekly WirtschaftsWoche reported on the company’s recent troubles, including layoffs and failure to pay employees’ December 2016 salaries… Read more

Image: Auctionata | Paddle8 CEO Thomas Hesse. Photo courtesy Auctionata | Paddle8