We’re pleased to announce that ECI portfolio company Auction Technology Group (“ATG”)
has made an investment in German headquartered online marketplace, Lot-tissimo.com.
Lot-tissimo works with over 250 auctioneers across Germany, France, Spain, Italy, Switzerland, Belgium, Netherlands, and Austria to provide the leading online marketplace focused on art & antiques in mainland Europe. Combined with ATG’s the-saleroom.com, the group now provides the leading online marketplace focused on art & antiques auctions in Europe. ATG also owns the industrial and commercial auction focused marketplaces bidspotter.com and ibidder.com.
The investment will enable the combined business to drive ongoing international expansion, and boost investment in technology and marketing, thereby attracting more bidders and streamlining processes to save auctioneers and bidders both time and money.
Already sharing the same Live Bidding Technology, auctioneers will now be able to list and broadcast their sales on Lot-tissimo.com, auction.fr and the-saleroom.com using one single operator app. The combined business hosts around 18,000 auctions a year, selling art & antiques and industrial & commercial items on its leading online marketplaces across Europe and the US.
Recent high-value lots sold on Lot-tissimo include:
- A painting by Karl Ferdinand Wimar of Indian with horse, sold for €115k in June 2017
- A WW2 Jagdpanzer self-propelled anti-tank gun, sold for €110k in Oct 2017
- An Urban Jürgensen & Sonner Grand Complication pocket watch, sold for €120k in March 2017
ECI has a strong track-record of working with the companies we invest in to help them expand internationally. This is the 17th bolt-on acquisition in the ECI 9 portfolio, and the 9th international one.