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Together, LiveAuctioneers and ATG team members will help auctioneers to give new life to millions of one-of-a-kind items annually in the categories of art, furniture, home decor, jewelry, and more.”
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This will help small business owners realize the full value of the art and antique items being auctioned and broaden the appeal of live-streamed online auctions as the best path to buy and sell previously owned goods. Also, LiveAuctioneers will be investing more deeply into making the end-to-end bidder experience at auctions more seamless. As part of Auction Technology Group, LiveAuctioneers’ partners will extend their reach to ATG’s formidable network of bidders from 150 countries around the world.
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Phil Michaelson, CEO of LiveAuctioneers, commented: “Auctioneers and their consignors should be delighted. The Group also operates four marketplaces in the industrial and commercial sector. ATG’s existing art and antiques marketplaces are, which was founded by ATG in 2006, and German fine art and antiques marketplace, which was acquired by ATG in 2018. LiveAuctioneers will continue to operate with its headquarters in New York City and be led by CEO Phil Michaelson. The acquisition of LiveAuctioneers demonstrates ATG’s commitment to helping auctioneers build their businesses and compete with global e-commerce giants by enabling them to reach a global pool of bidders, while also providing bidders with access to millions of unique and specialized items. LiveAuctioneers is currently owned by Cove Hill Partners, a Boston-based, long-term oriented private equity firm that invests in consumer internet and technology businesses.ĪTG’s mission is to be a trusted partner to the auction industry as it continues its structural shift to online, driving the appeal of secondhand items and accelerating the growth of the circular economy. Following the receipt of final approvals required in order to proceed, ATG expects to complete the acquisition shortly. NEW YORK - LiveAuctioneers, one of North America’s favorite destinations for fine and decorative arts, antiques and luxury goods, is pleased to announce its acquisition by Auction Technology Group plc (LON:ATG).