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Why ArtUp.com will beat AMZN and EBAY in the art market.
I found this on Raging Bull. I am shareholder of Deerbrook Publishing OTCBB: DBPG. the parent company of artup.com. Artup.com is launching there ecommerce network in about 2 weeks.
As we all know AMZN bought part of Southerbeas and EBAY bought Butterfield and Butterfields. Getty Images also bought art.com for over 200 million dollars. Each one of these companies are trying to grab part of a 20 Billion dollar per year industry.
Why they will fail and ArtUp.com will become the leader. Both AMZN and EBAY are going after the smallest part of the art industry, high end originals. This is only 2 billion per year of a 20 billion per year market. Lets face it, if you are going to purchase art work over $100,000 dollars, you certainly want the perks. You want the live auction, prestige, pampering and the trill. Think of it as Las Vegas, if you are a high roller it is not much fun to play blackjack over the internet.
Art.com has launched there site. They currently have 4 images on the online auction. According to the officials at artup.com they will launch with thousands. Artup.com has positioned itself to become the leader in the largest part of the art market. Deerbrook Publishing Group, the parent company of artup.com has the inventory to make art collectors loyal to artup.com.
Spoke with Tom S. (can't pronounce his last name) the Interim CEO of artup.com, pretty sharp guy. He made it clear they are launching a full ecommerce network, not a web page. As you have seen, deals have already been cut with GNET and Lycos. Some chat rooms say rumored deal with AOL this week.
I would not be surprised to see artup.com IPO one of the most sought after deals this year.
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