ARTPRICE COM : Artprice and Escrow.com, two world leaders in their respective
fields, announce their advanced partnership.
Artprice, the world leader in art market information has developed for its
Standardized Marketplace® enabling auctions (defined as an "infrastructure"
under Article 5 of Law 2011-850 of 20 July 2011) a process enabling the
integration of the principal main leaders on the global online escrow market,
Escrow.com and Transpact.com.
Artprice is pleased to have jointly developed with its U.S. partner and global
leader, Escrow.com, a Euro version that will greatly facilitate the business
of Artprice's European customers. The exceptionally high level of confidence
enjoyed by the two companies has allowed them to build an online system that
represents, according to thierry Ehrmann, Chairman and founder of Artprice,
"the future of Internet transactions in the shape of a trusted third party
offering escrow and release services.a challenge that no European bank,
including the French banks, has been able to handle ..."
"With this new version, Artprice will offer, as of the beginning of May, a
simple-to-use payment system in the European currency, with extremely
competitive trusted third party escrow rates and a level of security
substantially higher than that of the physical art market where payment
incidents are not so rare. It will not be long before the numbers force the
old economy to recognize that Internet transactions are much more secure than
physical economy transactions."
"As marketplaces like Artprice, global leader on its market, continue to
expand throughout the world the need for a global safe and secure payment
method expands with them." Says Escrow.com's President and Managing Director,
Brandon Abbey. He continues, "We have been working closely with Artprice in
developing our Euro currency offering and believe this is a win-win-win-win
scenario. The buyer's funds are protected until receipt of the art work, the
seller's payment is secured, Artprice has the safest possible environment for
their customers and Escrow.com continues our global expansion."
Headquartered in Rancho Santa Margarita, CA (USA), Escrow.com has pioneered
the process of online escrow services. The Company, founded in 1999 by
Fidelity National Financial, has established itself as the leading provider of
secure business and consumer transaction management on the Internet.
To date, Escrow.com has processed over $1.5 billion dollars in secure
transactions with nearly 50% of those involving an international Buyer or
ARTPRICE has joined the prestigious SBF 120 index. The SBF 120 index is
composed of the 120 largest French listed companies, including the CAC 40
companies and the country's 80 most liquid stocks.The current liquidity of the
Artprice share is 3.83 million euros per day calculated over 440 trading days
(amounting to a total of €1.670 billion).
Artprice is the global leader in databank on Artprices and indices with more
than 27 million indices and auction results covering more than 500,000
artists. Artprice Images® offers unlimited access to the largest Art Market
resource in the world, a library of 108 million images or engravings of
artworks from 1700 to the present day along with comments by Artprice's art
historians. Artprice permanently enriches its databanks with information from
4,500 international auction houses and auctioneers and publishes a constant
flow of art market trends for the main news agencies and 6,300 international
written media. For its 2.072 million members (member log in), Artprice posts
standardized adverts in what is today the world's leading Standardised
Marketplace® for buying and selling works of art by private contract or at
auctions -regulated by French law alinéas 2 et 3 de l'article L 321.3 du code
Artprice is listed on Eurolist B SBF 120 by Euronext Paris (SRD long only):
Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF
Discover the Alchemy and the universe of Artprice
http://web.artprice.com/video, which headquarters are the famous Museum of
Contemporary Art, the Abode of Chaos
Contact: Josette Mey, tel: +33(0)478-220-000, e-mail: email@example.com
Press Release (PDF)
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Source: ARTPRICE COM via Thomson Reuters ONE
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