Press Release Summary: Worthpoint grows through acquisition of GoAntiques
Press Release Body: ATLANTA, October 30, 2008 - WorthPoint (www.worthpoint.com) announced that it has completed its acquisition of GoAntiques (www.goantiques.com), an online network for buying and selling antiques and collectibles. The combined company will have more than a half-million registered members and more than a million unique visitors per month. WorthPoint founder and CEO Will Seippel will retain his current position while GoAntiques President and CEO Jim Kamnikar will serve as WorthPoint's president.
Founded in 2007, WorthPoint offers a multi-million point database of sales records of art, antiques and collectibles from hundreds of auction houses. Members can take advantage of expert advice from the Company's Worthologist team on how to preserve or sell antiques and collectibles. Members can also share their knowledge and create online collecting communities.
GoAntiques is the oldest Web antiques-and-collectibles site. It offers 650,000 items from approximately 1,300 dealers in 31 countries and the GoAntiques' PriceMiner(r) guide is the largest in the world, offering prices on 27 million collectibles and pieces of art and over 32 million images.
"The art, antiques and collectibles industry is undergoing some dramatic changes as we face uncertain economic times," said Will Seippel. "Combining GoAntiques' wealth of experience in the market with our unmatched database of 4.5 million auction entries helps put WorthPoint in a leading position to reinvigorate our industry."
"In the coming months, we will be unveiling new features and services to help people understand the antiques and collectibles they own, determine their value and how to monetize them," said Jim Kamnikar. "Members can look forward to a new Internet-auction environment, a diverse community supporting different areas of collecting and an organization that will make finding, pricing, researching and selling antiques much easier."
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