After seven years of collaboration, cultural
exchange and regular trips between China and Europe, the two
founders and presidents of Artron and Artprice, WAN Jie and thierry
Ehrmann (who are exactly the same age and share the same
commitments), share the same vision of the Global Art Market and
the same passion for Art within the context of a loyal and mutually
respectful friendship.
This long and infallible relationship has allowed
both groups to work extremely quickly without cultural barriers to
build an "Art Media Mogul". By analogy, it's exactly as if Baidu
and Google were merging their respective knowledge.
Artron is the world's largest printer of art books
with more than 60,000 books and auction catalogues and a total
publication volume of 300 million a year. Artron.net is the most
respected brand in the Chinese art world. Artron is celebrating his
25th anniversary.
Established in 1993, Artron Art Group celebrates its 25th
anniversary this year.
Artprice is the world leader in Art Market
Information since 1987 with 4,500,000 members
its databanks with information from 6,300 auctioneers and publishes
a constant flow of art market trends for the world's principal news
agencies and approximately 7,200 international press publications.
Artprice gives access to the world's leading Standardised
Marketplace for buying and selling art.
Last Friday, 12 October 2018, at Artprice's head
office in Lyon, France, Artron CEO and founder, WAN Jie, along with
his staff, and Artprice CEO and founder, thierry Ehrmann, along
with his staff, signed a historic agreement between the two
groups.
Official video of the Friday 12
October 2018 signing ceremony and talks about the 10 new
development agreements at Artprice's head office in France:
https://vimeo.com/296010836
Facebook (450k views)
https://www.facebook.com/228501370495445/posts/2201077099904519
Twitter
https://twitter.com/artpricedotcom/status/1053538253192749056
Chinese:
https://vimeo.com/296008906
A series of development agreements in principle
(10, soon to be delivered) was discussed and. They go far beyond
the exclusive distribution contract allowing for Artprice
subscriptions to be marketed through the Chinese Intranet to
millions of Chinese art collectors - via Artron Group's customers -
in China.
The scope of the 10 new development agreements
discussed on 12 October 2018 will have a structural impact on the
Global Art Market and on Art History, according to Art historians,
in a way that no-one could have imagined. At the same time,
Artprice and Artron are on the verge of an extraordinary evolution
during which, from a shareholder perspective, Artprice will change
in dimension - economically, financially and historically - as of
2019.
Artron produces all the catalogues of Chinese
auction houses and handles the postal or digital mailing of these
catalogues to their final customers. It will be possible for
Artprice subscriptions, sold exclusively by Artron in China, to
directly reach the target audience.
Similarly, Artprice will be featured on the
homepage of Artron.Net which, according to many studies, is the
most respected brand in the Chinese art world. Artron.net has more
than 3 million members and receives more than 9 million online
visitors per day (on average) or 270 million visitors per month to
their website.
Via Artron, there exists a massive potential
demand for Artprice subscriptions, including its unique decision
support tools, because these tools allow China's collectors, art
professionals and its museum industry to acquire Western artworks
with total assurance that they have complete mastery of all the
relevant pricing information, the artist's background and their
'economic profile'.
Thanks to Artron's expert advice, Artprice fully
complies with the specifications and conditions of China's
Great Electronic Firewall (Law CL97 (1997)
et seq.) and its Golden
Shield protocol (1998).
To do so, Artprice has deployed the obligatory
Alipay and WeChat Chinese payment platforms (1.8 billion users) for
Chinese buyers after developing no less than 54 million pages in
Mandarin on its Internet accessible data banks (which took seven
years...).
In order to conform to Law CL97, Artprice spent
two years rewriting all its data bank code in order to eliminate
all US and European corporate source code containing cookies, tags,
metadata or backdoor elements (amongst other elements).
In fact, thanks to Artron's assistance and advice,
Artprice has managed to achieve what the GAFA's have tried on
numerous occasions but failed. It has managed to penetrate the core
of the Chinese Intranet.
What was discussed on Friday 12 October 2018 far
exceeds what was originally planned. It follows on from a summit
meeting held in March 2018 in Beijing between Artprice's and
Artron/AMMA's executive teams, and should broaden the two
companies' Marketplaces.
Artron is the world's largest printer of art books
with more than 60,000 books and auction catalogues and a total
publication volume of 300 million.
To understand the power of Artron and its
unavoidable position in China, follow the link to this video in
English...
http://english.artron.com.cn/about/video/index
Read Artron's official presentation:
http://english.artron.com.cn/about/introduction/index
The exclusive contract for the distribution of
Artprice subscriptions to Artron's customers and the ten new
additional agreements in principle can be implemented rapidly on
the basis of the two companies' mutual knowledge resulting from
seven years of constant partnership, proving that long-term
collaboration, patience and hard work are the keys to success.
In 2018, China accounted for 45% of global online
art trade, conducting twelve times more online transactions than
the United States. China has a huge advantage over the West because
it is building its market economy directly on the Internet.
Moreover, no-one doubts that China's Art Market will account for
70% of the global Art Market as of 2020. Artprice, as the world
leader in Art Market information, had to be central to its market.
It should not be forgotten that France accounted for 4% of H1 2018
results.
For further information regarding the historical
background of relations between Artprice and Artron/AMMA and its
economic consequences, please refer to Artprice's reference
documents and, in particular, to its 2017 registration document
filed with the AMF (France's Financial Markets Supervisory
Authority) on 1 June 2018 (in accordance with the Article 212-13 of
the AMF's General Regulations) and to Artprice's Press
Releases.
More details, video clips and photos of the
signing and accompanying speeches will be online shortly on
Artprice's and Artron's social networks.
About
Artprice:
Artprice is listed on the Eurolist by Euronext
Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC -
Reuters: ARTF.
Dicover Artprice in
video: https://www.artprice.com/video
Artprice is the global leader in art price and art index databanks.
It has over 30 million indices and auction results covering more
than 700,000 artists. Artprice Images(R) gives unlimited access to
the largest Art Market resource in the world: a library of 126
million images or prints of artworks from the year 1700 to the
present day, along with comments by Artprice's art historians.
12 Oct. 2018: Artprice and Artron
have just created an "Art Media Mogul" :
Video : https://vimeo.com/296010836
Artprice permanently enriches its databanks with
information from 6,300 auctioneers and it publishes a constant flow
of art market trends for the world's principal news agencies and
approximately 7,200 international press publications. For its
4,500,000 members, Artprice gives access to the world's leading
Standardised Marketplace for buying and selling art. Artprice is
preparing its blockchain for the Art Market. It is BPI-labelled
(scientific national French label)Artprice's Global Art Market
Annual Report for 2017 published last March
2018: https://www.artprice.com/artprice-reports/the-art-market-in-2017
Artprice's Contemporary Art Market Annual Report for 2017 - free
access
at: https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2017
Artprice's press releases:
http://serveur.serveur.com/Press_Release/pressreleaseen.htm
https://twitter.com/artpricedotcom
Artmarket News:
https://twitter.com/artpricedotcom & https://twitter.com/artmarketdotcom
https://www.facebook.com/artpricedotcom & https://plus.google.com/+artpricedotcom/posts
http://artmarketinsight.wordpress.com/
Discover the Alchemy and the universe of
Artprice http://web.artprice.com/video, which headquarters are
the famous Museum of Contemporary Art, the Abode of
Chaos:
http://goo.gl/zJssd
https://vimeo.com/124643720
The Contemporary Art Museum The Abode of Chaos on
Facebook: https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999
Contact: ir@artprice.com
Artprice and Artron have just
created an “Art Media Mogul”
Press release (PDF)
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ARTPRICE COM via Globenewswire
Artmarket.com (EU:PRC)
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