(AOF) – Despite the unprecedented health crisis that hit the world between 2020 and 2023 as well as the Russia-Ukraine war since the first half of 2022, which has caused a global economic and financial shock, Artmarket’s turnover .com in the first half of 2023 increased by +7% to 1.4 million euros. The 2023/2024 objective for Artprice by Artmarket of doubling its turnover, through the paid opening of public sales announcements, is on the way to success.
Artmarket.com is the global player in the art market with, among other things, its Artprice department, which is the world leader in databases on the quotation and indices of Art with more than 30 million indices and results of sales covering more than 817,000 Artists.
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Sector sheet – Internet
An increasingly competitive online search for Google
Google has dominated online search for more than two decades. It derives more than half of its revenue from advertising on its search engine. The second player, Bing, owned by Microsoft, remains far behind, with less than 9% of the global market. However, Bing has a huge advantage: Microsoft’s results do not depend closely on the performance of its search engine, but rather on its sales of software and business services with its Azure branch. The group can therefore be more agile and take risks. Other serious competitors are gaining momentum. Amazon’s search engine for finding products shows a jump in ad revenue. Similarly, the TikTok application is increasingly used by younger people to search for information.