15.08.14 | Sarah Shaffi Phaidon’s direct access to global art collectors will be increased through its acquitision of Artspace, a marketplace for discovering and collecting fine art, said Phaidon.
And Artspace will get benefits from “Phaidon’s global distribution and retail presence, sales organisation, and relationships with artists and those in the design community”.
The acquisition, said Phaidon, “establishes a global community for art enthusiasts and professionals, artists, collectors, non-profits, galleries and cultural institutions”.
Keith Fox, c.e.o. of Phaidon, said: “We are thrilled with the investment in Artspace. We look forward to enriching the experience of our audience and expanding our reach through new initiatives, including retail presence, product development, and the joint creation of original content.”
Catherine Levene, co-founder and c.e.o. of Artspace, said: “We founded Artspace to bring more art into people’s lives and to help artists, galleries, cultural institutions, and non-profits reach a broader audience. Our mission is enhanced by Phaidon’s iconic brand, legacy of excellence, and international reach. We look forward to building our future together.”
Artspace is being acquired by a Phaidon affiliate company.
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