Art Stocks & Funds


Artnet logoartnet AG is a Germany-based online portal for researching, buying and selling art and design. The company's online Gallery Network provides the market overview with more than 2,200 galeries, 166,000 works and 39,000 artists. The network serves dealers and art buyers, offering an overview of the market and price trends, as well as enabling making contacts. Other key areas include artnet Magazine, a free daily online trade magazine, and the Price Database, the industry standard for illustrated auction price records. artnet AG operates three subsidiaries, Artnet Worldwide Corporation, artnet UK Ltd. and artnet France SARL.

Art Industry Sector Subscriptions and Advertising-Based Media
Full Time Employees 115
Ticker FRA:AYDGn
Index Membership N/A
Share price (as of August 29, 2014) USD 3.85
YTD 2014 16.9%
Shares outstanding (mln) 5.55
Market Cap (USD mln) 21.36


EUR mln 1H 2014 2013 2012 2011 2010
Revenues 6.8 13.0 13.5 13.3 13.7
Gross Profit 4.1 7.2 7.5 7.4 7.7
Operating Income 0.2 0.0 -0.7 0.0 -0.1
Net Income 0.1 0.0 -2.5 0.3 0.2
Total Assets 6.0 6.0 6.0 7.4 7.1
Net Debt -0.7 -1.0 -0.8 -2.1 -2.6

Latest Financial Reports

Six-Month 2014 Report
Three-Month 2014 Report
2013 Annual Report
Nine-Month 2013 Report
Six-Month 2013 Report
Three-Month 2013 Report
2012 Annual Report
Nine-Month 2012 Report
Six-Month 2012 Report
Three-Month 2012 Report
2011 Annual Report
Nine-Month 2011 Report
Six-Month 2011 Report
Three-Month 2011 Report
2010 Annual Report
2009 Annual Report

Skate's Market Notes

Aug-15, 2014
artnet Reports Strong Numbers, Advertising is the Major Source of Growth

Jul-26, 2014
Weng Gives Neuendorf a Taste of His Own Poison Pill

May-19, 2014
artnet Reports Strong Q1 Numbers, Loss on Auction Business Narrows

Mar-31, 2014
artnet Climbs Out of Losses
Auctions Business Declines, Segment Losses Mount

Nov-25, 2013
artnet Management Admits to Giving Shareholders Incorrect Financial Statements at Time of Hostile Takeover Bid
Weng Fine Art AG Exceeds 5% Ownership Threshold in artnet

Aug-13, 2013
Amazon Diversifies into the Art Market: New Player Has Potential to Dominate the Online Art Trade

Apr-30, 2013
Neuendorf Goes All-In as artnet Melts Away, and Global Pure-Play Art E-Commerce Rivals Raise Over USD 50 Million in Fresh Capital YTD

Nov-19, 2012
artnet in Free Fall - Losses Continue, Just EUR 703,000 in Cash Left to Go

Aug-31, 2012
Redline Launches Aggressively Priced Takeover Bid
Neuendorf Poison Pills Remain Inactive for Now

Aug-08, 2012
Neuendorf Wins, artnet Loses, Redline and Weng Move to Focus on Their Core Businesses
artnet Takeover Battle is Over (before Takeover Terms are Even Announced)

August 2012
Collectors Universe vs artnet AG: The Case of How Quality of Management Impacts Shareholder Value (part of Skate's Art Stocks Review)

Jul-30, 2012
Skate's Resumes Analysis of artnet AG
August 8 Annual Shareholders Meeting Set to Seal artnet's Fate
artnet AGM Voting Dilemma Explained; Vision for a New artnet

Jun-25, 2012
Hans Neuendorf Resigns Today, artnet Quits Magazine Business

May 2012
artnet's Q1 Results: When will artnet correct its downturn? (part of Skate's Art Stocks Review)

April 2012
artnet's Results for 2011 Show Disappointing Performance (part of Skate's Art Stocks Review)

Nov-03, 2011
artnet Results Disappoint, Minority Shareholder Increases Ownership Interest

Aug-15, 2011
artnet: Back to Red, Auction Volume Flat against Sotheby's 27% Same Period Growth, Price Database Profitability Down by 40%

Apr-06, 2011
Artnet Returns to Profitability (But to What Extent?) and Refines Strategic Focus

Aug-02, 2010
Artnet's Six Months Results: Light at the End of the Tunnel?

Apr-12, 2010
artnet's 2009 Results and Strategic Proposition: Bear with Us, Losses from Online Auctions Will Eventually Bring Profits (by 2011 at the Earliest...)

Nov-10, 2009
artnet's Nine Months' 2009 Report: Core Business Remains Strong, Other Sectors Push Company into Red; Cash Position Down by 25% for the Period

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