Gray’s Auctioneers Introduces Artfact’s Infinite Bidding™ for September 19th Auction Gray's will offer live online bidding on its own website for its 'Fine Art, Antiques & Decorations' auction on September 19, 2009.
News-Antique.com - Sep 17,2009 - Gray’s Auctioneers, based in Cleveland, OH, is now open for live, online bidding on its own website! As an Artfact partner, Gray’s will offer Infinite Bidding™, its own live online bidding solution, for its September 19th ‘Fine Art, Antiques & Decorations’ auction. Interested bidders can register directly at www.graysauctioneers.com to bid live on this sale. On auction day, Gray’s online bidders will enjoy the same, intuitive live bidding interface offered through the Artfact Live! platform.
Built for auction houses to privately brand and directly broadcast live auctions in real-time over the Internet to their own clients, Infinite Bidding™ dramatically enhances bidder access to traditional, live auctions. In addition to the increased bidding volume generated through Infinite Bidding™, Gray’s Auctioneers and other Artfact auction house partners will continue to benefit from the global marketplace of bidders made available through Artfact Live! (www.Artfact.com).
Infinite Bidding™ and the Artfact Live! platform use the same, world-class technology, which enables auction houses to manage their online auctions through a single interface. Fully integrated with the Artfact Live! and Invaluable Live! bidding marketplaces, auctioneers can manage three simultaneous live bidding channels with just one saleroom clerk.
Gray’s joins a rapidly growing roster of Artfact auction house partners that have already signed on to use Infinite Bidding™ in 2009. For auction houses, Infinite Bidding™ appeals to new bidders unable to make their first trip to the auction room and unwilling to leave absentee bids while providing an additional selling venue for consignors. According to Rod Funston, Artfact’s President, “This technology is exactly what auction houses have been asking for, and we are confident it will greatly exceed their expectations.”
Highlighting Gray’s September 19th sale are two David Burliuk (Russian, 1882-1967) oil on canvas paintings. The top lot, Elsinore Cal. is expected to sell for $16,000-$18,000 and has a minimum bid of $12,000. The second highest priced lot, Peasant Girl, has an estimated price of $12,000-$14,000 and opens for bidding at $9,000.
Founded in 1989, Artfact is the largest global marketplace of fine and decorative arts, antiques, collectibles, and estate auctions. On January 1, 2009, Artfact launched Artfact Live! and Invaluable Live!, its proprietary live auction bidding platforms, enabling users to bid in real-time on auctions being held around the world by its prestigious auction house partners. Currently, over 1,000 fine auctioneers actively list their catalogues with Artfact.com and its U.K. sister site Invaluable.com, reaching the Artfact community of more than 10 million knowledgeable collectors and dealers worldwide. Artfact's industry leading database includes more than 53 million complete auction results totaling more than $197 billion in value, including information on more than 500,000 international artists. In 2006, Artfact acquired RFC Systems, the leading provider of enterprise software developed specifically for the fine art and antique auction house industry. RFC helps prestigious auction houses around the world manage their businesses by automating their day-to-day operations.
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