The New York Times’s Randy Kennedy announces that Artspace has raised new capital:
Artspace.com, one of a wave of online art dealers that is starting to change the way contemporary art is bought and sold, announced Monday that it had raised $2.5 million from a group of investors and had also signed up several prominent museums and galleries – among them the New Museum, the Institute of Contemporary Art in Philadelphia and the Mexico City gallery kurimanzutto – as partners that will offer works to buyers through the Web site. [...]
Artspace already offers works from partners like the Guggenheim, the Brooklyn Museum, the David Zwirner gallery in New York and White Cube in London. Along with the funding from investors, the site also announced that it had hired Andrew Goldstein, the former executive editor of the art news site Artinfo, to serve as Artspace’s editor-in-chief, in an effort by the site to provide more news, educational material and information about artists to prospective buyers.
Art-Sales Web Site Announces New Funding and Partnerships (ArtsBeat/New York Times)