Worthpoint Corp., an online provider of market data on sales of art, antiques and collectibles, plans to acquire online auctioneer GoAntiques Inc., Worthpoint says. Terms of the acquisition were not disclosed.
The combined companies will handle more than 1 million monthly web visits-most of them by the 350,000 registered members of GoAntiques.com, the companies say. Founded in 1994 as Antique Networking, GoAntiques, based in Dublin, OH, offers 600,000 items through auctions from more than 1,300 dealers in 31 countries.
Atlanta-based Worthpoint, which was founded about a year ago by CEO Will Seippel, provides appraisal services for art, antiques and collectibles and allows users to list information on planned auctions. Worthpoint says the merged companies will spur growth by connecting more buyers and sellers as well as bringing more clients to Worthpoint’s appraisal and selling services.
“Worthpoint will give us the added resources we need to expand our marketplace and provide additional value to our buyers and sellers,” says Jim Kamnikar, president and CEO of GoAntiques.
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