BOSTON--(BUSINESS WIRE)--Invaluable, the world’s leading online marketplace for fine art, antiques and collectibles, today announced that it was once again named one of the fastest growing companies in North America by Deloitte’s Technology Fast 500™. The ranking includes the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
“It is a tremendous honor to be ranked by Deloitte’s Technology Fast 500™ for the second year running, and I’m very proud of the strong growth Invaluable has achieved over the past few years,” said Rob Weisberg, Invaluable CEO. “The way people buy art has significantly changed over the past few years. Invaluable is committed to helping auction houses, galleries and dealers around the world further expand their reach to online buyers and grow their overall demand, while making it as easy as possible for collectors to find the objects they love in a single convenient online destination.”
In the first half of 2016, auction revenue on Invaluable increased by 42 percent YoY, and new buyers to the marketplace increased 25 percent over the same time period in 2015. Fine art is currently the fastest-growing category on the marketplace, with sales growing 50 percent in the first half of 2016 over the prior year.
In March of 2016, Invaluable launched its “Buy Now” offering, providing galleries and dealers the opportunity to join Invaluable’s existing auction house partners to offer works and objects for immediate purchase on the Invaluable marketplace. This gives Invaluable buyers the ability to shop for Buy Now items in addition to participating in both live and timed auctions, furthering the growth of the company.
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000, and current-year operating revenues of at least $5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Invaluable is the world’s leading online marketplace for buying fine art, antiques and collectibles. Working with more than 4,000 of the world’s premier auction houses, dealers and galleries, Invaluable helps buyers from nearly 200 countries connect with the things they love. With best-in-class online bidding technology, along with a fixed-price retail platform, Invaluable provides sellers with e-commerce and marketing solutions, as well as auction management software. Recently called “one of the fastest growing e-commerce sites in the art world” by Blouin ArtInfo, Invaluable has also been recognized by Deloitte’s Technology Fast 500™ and the EY Entrepreneur Of The Year® program in both 2015 and 2016. Headquartered in Boston, Invaluable also has offices in the United Kingdom, France, Germany, Belgium and Australia. For more information, visit www.invaluable.com or follow us on Twitter at @InvaluableLive.