Most significantly, artnet auctions have yet to generate any bottom-line revenue; furthermore, since the artnet auctions relaunch, Gallery Memberships have fallen to at all time low. In addition, according to Alexa, artnet traffic is below a year ago, and most alarming, the average user spends about two minutes on the site navigating through Auctions, Galleries, its Fine Art Price Database and the recently closed magazine. It is no wonder Gallery Memberships continue to erode.
While the art market has improved over the past 12 years, artnet has been unable to capitalize on meaningful new products resulting in a lack of incremental revenue and, most concerning, jeopardizing its reputation as a leading art site.
It is imperative that on August 8, 2012, a new business strategy and management restructuring results from the Redline Capital Management SA voluntary takeover as presented by Skate's.
Full disclosure: Joseph K. Levene was a consultant to artnet in 2000, as was Mr. Robert Grunder, director, Joseph K. Levene Fine Art, Ltd.
Court rules William Eggleston can clone iconic Photographs due to process change.bit.ly/WilliamEggelst…
— The Fine Art Blog (@thefineartblog) March 30, 2013