EcommerceBytes-NewsFlash, Number 1907 - October 30, 2008     1 of 5

WorthPoint Completes GoAntiques Acquisition

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WorthPoint announced it has completed its acquisition of GoAntiques. Under the terms of the acquisition, WorthPoint founder and CEO Will Seippel will remain Chief Executive Officer, and GoAntiques President and CEO Jim Kamnikar will serve as WorthPoint's President.

Founded in 2007, WorthPoint offers a database of sales records on art, antiques and collectibles from hundreds of auction houses. Members can take advantage of expert advice from "Worthologists" on how to preserve or sell antiques and collectibles and can create online collecting communities.

GoAntiques is an online network for buying and selling antiques and collectibles and offers 650,000 items from approximately 1,300 dealers in 31 countries. GoAntiques logs about five million page views and thousands of transactions each month and has approximately 450,000 registered members. GoAntiques' PriceMiner guide offers prices on 27 million collectibles and pieces of art and over 32 million images.

The combined company will have more than a half-million registered members and more than a million unique visitors per month. GoAntiques will soon be launching its own auction site as a result of eBay's decision to close its eBay Live Auctions platform.

http://www.worthpoint.com

http://www.goantiques.com


About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.


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