Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Artnet’s Plan to Finance It’s Expansion into News

December 21, 2013 by Marion Maneker

Jacob Pabst, Artnet CEO

Georgina Adam asks the straight-forward question: how will Artnet, which has been losing money, finance its expansion into art world news?

[Artnet CEO Jacob] Pabst says: “I am asking myself the same question, but we have a business plan and I have found a good and safe way to do it; we expect to increase revenue through advertising and we can always inject cash.”

Essentially, this means that [Hans] Neuendorf, who remains the main shareholder, will continue to prop up the company – in March this year he gave $641,000 to Artnet.

Sotheby’s agrees to return 10th-century Cambodian statue (Financial Times)

More from Art Market Monitor

  • Antiquities ApproachAntiquities Approach
  • India's Crippled Corporate Cultural ComplexIndia's Crippled Corporate Cultural Complex
  • What’s Left of Deutsche Bank’s Art Collection After the $100 Giacometti Was Sold? What’s Left of Deutsche Bank’s Art Collection After the $100 Giacometti Was Sold?
  • India's Own Roadblocks to Retrieving Its PatrimonyIndia's Own Roadblocks to Retrieving Its Patrimony
  • Artelligence Podcast: James Tarmy on Contemporary ArtArtelligence Podcast: James Tarmy on Contemporary Art
  • Sotheby’s v. Christie’s, How Quickly the Narrative TurnsSotheby’s v. Christie’s, How Quickly the Narrative Turns

Filed Under: General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • British Modernists Draw Deep Bidding in Christie's $42 M. London Sales
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • How to Chant Like an Auctioneer
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • Collection of Texas Heiress Anne Marion Expected to Fetch $150 M. at Sotheby’s
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor