5 Y/O Art Marketplace w/ Picasso, Dali, & more - Priced at 2.5x Sales

Business Start Date: August 6, 2018
Business Valuation: €4,000,000 EUR
Percentage Being Sold: 100%
Sales (TTM): 1.6M EUR
Net Profit (SDE): 20,000 EUR
Business Multiple (Revenue): 2.5x Revenue
Users (TTM): 70,000
Traffic (TTM): 87,000

Summary
This listing is for a 5-year-old luxury art marketplace that offers entry-to-market services for art dealers and galleries while providing a platform for investors and collectors to acquire select pieces. Functioning as a full-service reseller, the company extends its wide audience reach through a synergy between its website, and its network of marketplace partners. The company has grown to acquire an attractive part of the art market (given its inventory, distribution network, brand, & technology) and needs a new owner to take it to the next level.
The Opportunity
The company, operating since 2019 in Italy and France, was originally founded in the UK by a mix of established art merchants, art historians, and digital marketers. Before entering the market, the founders focused on building a network of artists, art dealers, and gallerists, and organizing the virtual warehouse of listings. Today, the company’s growth is primarily driven by its relationships with the marketplaces, while continuing to dedicate time to increasing the number of listings.
The company has acquired 150 sellers and more than 40,000 listings for an aggregate value of EUR 90M of value. The revenues have significantly grown from EUR 0.5M in 2019 to EUR 1.6M in 2022.
The company’s focus was on acquiring and generating a substantial virtual warehouse. In just a few years, the company became the largest single provider of 1stdibs in Europe. It generates revenue by selling less than 2% of its warehouse’s potential, with most sales made through its partner marketplaces. Although the company maintains an average margin of around 19% for each sale, this margin increases to over 32% for sales finalized on the company’s website, representing 13% of the company’s 2022 revenues. Its primary goals for the coming years are to increase its revenues to 6% of its potential warehouse and gradually raise the sales over the company to 25%.
The company has a wide offering that includes from Prints to Sculptures and Designs. It covers several art movements such as Surrealism, Modern, Contemporary, and Art Nouveau.
General Highlights
Highly trusted 5-year-old curated art marketplace with diversified distribution
International presence with buyers around the world and 50+ Galleries, Auction Houses, and Antique Shops in Italy, Frame, and Switzerland, 24+ Art Dealers in Fine Art, and 80+ Living and Emerging artists.
A highly scalable model with 40,000 pieces of art for sale, representing 90M EUR of inventory
#1 art seller by volume in Europe for 1stDibs with a collective revenue of over $1.6M a year
Sold turn-key with proprietary technology, an expert team covering from the art validation to sales and logistics, and everything needed for millions of sales in the future.
Niche
The company is an Art Marketplace that provides end-to-end services to sellers and aims to finalize sales via its website as well as through its partner marketplaces. The company provides a unique approach as an e-commerce aggregator by providing shipping, packaging, pre and post-sales, content validation, and customs services to its sellers.
The sellers chose the company because:
It’s the easiest way for Artists and Galleries to enter the ART e-commerce space. The company addresses the pain points of many artists such as the shipping of the item overseas, sending invoices to foreign countries, handling buyer complaints, and preparing a well-detailed description and photos of their own art.
Increased selling opportunities.

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