Artprice and Artnet deny acquisition rumours

0
347
For picture credit see end of article

Art market information providers Artnet and Artprice have denied rumours that Artprice is planning to acquire Artnet.

“The company Artprice has no outstanding bond debt and no bank debt and has never conducted any capital increases except to exercise employee share options,” said Artnet founder and CEO Thierry Ehrmann.

“Artprice does not wish distort either its growth strategy or its balance sheet. It remains open to all sound and economically profitable external growth opportunities that may arise in the future.

“Artprice therefore denies all rumors concerning its possible acquisition of the company Artnet (listed on a German stock exchange) and it formally disavows rumors that it may be planning to acquire one or more assets belonging to that company, none of which represent any advantage for Artprice.

“Naturally, Artprice’s position does not in any way constitute a value judgment concerning the company Artnet.”

Meanwhile, an Artnet spokesperson told Private Art Investor: “There is absolutely no basis to this rumour.”

 

Picture credit: Lizzardo/Creative Commons license.