Catherine Hickley: The Art Newspaper

Behind the splashy headlines proclaiming record sums for works of art, a less eye-catching but more profound technological upheaval is taking place in the day-to-day business of continental European auction houses. Online sales and live-bidding, key tools for broadening client bases, are where the 21st-century auction battle is being fought.

While there are numerous online auction aggregators, such as, Invaluable and liveauctioneers, four out of ten of the largest continental European auction houses surveyed by The Art Newspaper have developed their own online-only auction platforms. Two more plan to do so this year. The 300-year-old Dorotheum in Vienna says 70% of its 700 auctions a year are now conducted online only. Munich-based Ketterer Kunst has been conducting online auctions since 2007, and created its own platform in 2013. …Read More

Image: Courtesy of Artcurial