August 22, 2013

Sale of ‘I Love Lucy’ Dress Drives Gains for Artfact

Last month the famous polka dot dress worn by Lucille Ball in "I Love Lucy", which was sold at auction by the auction house, Profiles in History for $140,000 increased the revenues of Artfact.

Profiles in History is one of many such houses that is a customer of Artfact, a Boston-based company that designs platforms, software, and e-commerce applications for the online auction industry.

Artfact said its July auction revenues increased by 142 percent on a year-to-year comparison basis. The number of transactions that were conducted on Artfact platforms was up sharply from July 2012.

“As Artfact continues to shape the future of the online live auction marketplace, making auction items more accessible and scalable to a global audience, we have seen a surge in bidding activity from collectors and dealers around the world,” Artfact CEO Rob Weisberg said in a statement. “Our roster of auction house partners also continues to grow as more houses embrace millions of online bidders coupled with increased demand delivered by Artfact’s online marketplace. This combination of bidder growth and new auction houses has driven Artfact’s robust growth.”

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