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Art.sy Rumored to be Backed By Zhukova, Gagosian

November 11, 2010 by Marion Maneker

The Business Insider has a post today about Art.sy a technology start up that wants to disrupt the world of art dealing. The project was founded by Carter Cleveland, a 24-year-old programmer who has been working on the concept since 2008, according to various online profiles created by Cleveland:

Art.sy is the place to discover and share original fine art online. Formerly known as Exhibytes, Art.sy won several business plan competition awards including 1st place at the Next Gen Conference Business Plan Competition at Stanford, and 2nd place and Audience Choice awards at the Princeton Business Plan Competition.

The newsworthy element is The Business Insider’s list of investors in the project:

The company has put together a very impressive list of partners, investors, and advisers, we hear, as it closes a round of financing, and attracts interest from galleries.

These people include:

  • Wendi Murdoch, Chinese art collector (and wife of Rupert Murdoch), who is investing and will be active in the business
  • Dasha Zhukova, art figure and editor of Pop Magazine, who is investing and will be active in the business
  • Larry Gagosian, top art dealer, who will actively advise the company
  • Google CEO Eric Schmidt, who is investing personally
  • Jim Breyer, partner at Accel and MoMA SF board member, who is investing personally
  • Thrive Capital’s Joshua Kushner, who is leading the investment round
  • Twitter creator and Square cofounder/CEO Jack Dorsey, who is investing
  • Hunch CEO Chris Dixon, who is investing via Founder Collective
Eric Schmidt, Wendi Murdoch, And Other Huge Names Are Betting On Art.sy To Shake Up The Art Market (Business Insider)

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Filed Under: Dealers

About Marion Maneker

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