Actusnews Wire - Professional broadcaster of corporate and regulated information, authorised by the AMF and the CSSF.

  ARTMARKET.COM company press release from 31/05/2017

  31/05/2017 - 08:30

Artprice fits perfectly into President Macron's Digital Europe Project

According to thierry Ehrmann, Founder and CEO of Artprice: "Emmanuel Macron's Digital Europe Project is exactly what the French Art Market needs and is perfectly in tune with the vision of the future developed by Artprice, world leader in Art Market information".

Indeed, Emmanuel Macron's project is very clear: the 5th objective states "We will take action to promote a single European digital market in which innovative businesses will be governed by the same rules across the European Union."

In the light of this new legal environment that deeply affects the rules, Artprice will shortly get in touch with the new decision-makers and support its case with the Secretary of State for the Digital Economy, Mr. Mounir Mahjoubi, whom the decree 2007-1068 (consolidated version published in the Official Journal on 29 May 2017) has given extended powers, compared with his predecessors.

The General Directorate of Media and Cultural Industries will work under his authority, as a consequence of the aforementioned extended powers. This approach is particularly interesting for Artprice because its unique expertise as an innovative company has already been officially recognised by France's State-run Public Investment Bank (BPI): in November 2015 Artprice was awarded the BPI's “Innovative Company” status.

This new legal orientation does not alter the agenda of Artprice and its American subsidiary.

A level playing field for Innovative European companies would immediately give Artprice the opportunity to compete on equal terms with other European players who already practice Internet auctions without the implausible and inconsistent constraints specific to France, which do nothing more than undermine our capacity to compete with Internet auction marketplaces developing in Europe, North America and all across Asia.

After the complete failure of an initial reform (law of 10 July 2000 /decrees 2001-650 et seq. of 19 July 2001), a second reform of France's auction sector had a negative impact, both in terms of France's global market share and in terms of its global development possibilities.

France's Art Market participants unanimously agree that the two successive reforms have resulted in a painful double failure, reducing France's share of the global secondary art market in 2016 to a marginal 2.5% (see Artprice's Annual Art Market Report).

Considering the various projects and programmes that President Macron plans to pursue, and in view of Artprice's regularly published figures since 2011 and the success of its copyrighted Standardized Marketplace (by far the world's largest), Artprice has the potential to bring France back into competition with the global top three: China, the USA and the UK.

In the framework of France's anachronistic administrative constraints, Artprice is unable to reap the full financial rewards of its undeniable success.

All participants in France's Art Market, regardless of their size or activity, recognise the regular decline of France's art auction market since being the world's largest in the 1960s. This decline has been aggravated by legislation that contradicts the spirit of the relevant European Directives and systematically impedes all forms of digital activity in the name of protectionist reflexes that ultimately destroy wealth, employment and market share.

It is this context that has prompted Artprice to consider launching an IPO of its Standardized Auction and Fixed-Price Marketplaces on an Anglo-Saxon stock exchange via its American company

The new French Presidency – with its dedication to a veritable economic paradigm shift and a clear commitment to the digital economy (including the 5th objective of Emmanuel Macron's Digital Europe Project) is now in a position to make a dramatically positive impact on France's global market share of the Art Market, and we are convinced that this could be achieved within just a few months.
We must take this opportunity to end the unacceptable paradox of France being the primary cultural destination in the world, and yet accounting for only 2.5% of the global secondary Fine Art market.

If Macron were to achieve the "same rules throughout the EU", it would immediately allow Artprice to capitalise on the business flowing through its Standardized Marketplace.

This would give France a historic opportunity to catch up with China, the US and the UK, the world's top three art marketplaces.

Artprice's Standardized Marketplace offers a daily average of 62,000+ artworks.

In addition, the harmonisation of EU regulations would lead to the creation of numerous jobs, both directly and indirectly, which would in turn challenge a widely perceived “fear of the digital economy”. Copyright thierry Ehrmann 1987/2017

About Artprice:

Artprice is listed on the Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 - Bloomberg: PRC - Reuters: ARTF.

Artprice is the global leader in art price and art index databanks. It has over 30 million indices and auction results covering more than 647,000 artists. Artprice Images(R) gives unlimited access to the largest Art Market resource in the world: a library of 126 million images or prints of artworks from the year 1700 to the present day, along with comments by Artprice's art historians.
Artprice permanently enriches its databanks with information from 4,500 auctioneers and it publishes a constant flow of art market trends for the world's principal news agencies and approximately 7,200 international press publications. For its 4,500,000 members, Artprice gives access to the world's leading Standardised Marketplace for buying and selling art. Artprice is preparing its blockchain for the Art Market. It is BPI-labelled (scientific national French label).
Artprice's Global Art Market Annual Report for 2016:

The text presented hereafter is a translation of Arte Creative's online presentation:
ARTE: A gigantic Christmas tree in the guise of a butt plug, a machine that defecates five-star meals, an icon immersed in urine and staged corpses – subversive, trash, provocative or insulting? Thierry Ehrmann, the man behind The Abode of Chaos dixit "The New York Times", an artist and the founder of Artprice, is the mouthpiece for scandal and discloses the workings of the most striking controversies in contemporary art. And scandal sells. 9 episodes are online:
Discover the Alchemy and the universe of Artprice, which headquarters are the famous Museum of Contemporary Art, the Abode of Chaos
News Artmarket:
The Contemporary Arts Museum The Abode of Chaos on Facebook:

The Abode of Chaos/Demeure du Chaos Contemporary Art Museum by thierry Ehrmann,author, sculptor, artist, photograph

Contact : thierry Ehrmann : e-mail : [email protected]

This publication embed "🔒 Actusnews SECURITY MASTER".
- SECURITY MASTER Key: nJlqlJpqZpiVnGxxZJ5oZ2pkaGhmxGiXapPKnGNqlp6UaHCRxmtibMacZm1pnWhr
- Check this key:

  Original Source: ARTMARKET.COM