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German Online Auction House Auctionata Acquires UK Valuations Provider ValueMyStuff.

MANews-(C)2009-2015

28 September 2015 - German online auction house Auctionata has acquired UK-based valuation company ValueMyStuff, the company said.

Terms of the deal were not disclosed.

VMS was founded in 2009 by its current CEO Patrick van der Vorst, former president and Head of Department at Sotheby's in London.

The firm offers fee-based valuations with a team of over sixty fine art, luxury objects, antiques and collectibles specialists who have formerly worked at major international auction houses.

With over 469,000 valuations and 400,000 customers, it is one of the largest online valuation companies in the global market.

The acquisition of VMS constitutes another advance in Auctionata's international expansion, particularly into the United Kingdom.

Having grown to become Germany's biggest auction house in less than three years, with revenues of EUR 35.7m (USD 39.7m) in the first half year 2015, the company is pursuing its track towards market leadership in Europe.

Auctionata offers unique works of art, antiques and luxury collectibles to the internet. A pioneer of the livestream auction, Auctionata broadcasts auctions in real-time and provides an online auction room that is accessible to bidders worldwide via desktop and mobile devices.

The firm also offers all of the typical services of a traditional auction house via its website: Valuation, authentication, curation, auction and all related services, including a full authenticity guarantee.

Country: USA

Sector: Business and Consumer Services

Target: ValueMyStuff

Buyer: Auctionata

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Sep 28, 2015
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