To facilitate a simple transfer of ownership, the owners have created a new U.S. business entity and transferred all assets of the business into that entity, including their entire portfolio of limited-edition art agreements which have been recently renewed with their artist community. Highly discounted FedEx shipping rate agreements, contracts with fine art printers in California and aggressive Magento application support rates have also been secured through the new U.S. entity providing for all the operational aspects of the business within the continental U.S.
This platform is dedicated to exclusive limited-edition prints of museum quality artworks by fully established artists, many of whom normally do not sign with online art galleries or allow limited edition prints. This is one of the first platforms to feature prints of established artists in the highest segment of the market; these artists normally work exclusively with physical galleries. The business owns the publishing rights of this artwork indefinitely. Each limited edition is represented online and sold via the website. Printing and fulfillment are completed on-demand after the sale by a high-end print and production company in California using state of the art printing facilities and print media to ensure the exclusivity and quality of the end product.
For those already in the industry, the exclusive inventory of $33M US in limited editions represent an attractive addition to their existing portfolio and the established web platform offers an additional channel to market for their existing clients and art assets.
Sale Pending: No
First Seen: Thu, May 2nd 2019
Last Updated: Fri, May 3rd 2019