Saatchi Online Revamped as Social Marketplace for the Discovery and Purchase of Art from Emerging Artists.
Saatchi Online, which re-launched in beta five months ago, now begins connecting its 100,000+ artists with potential buyers who have been visiting the site in growing numbers since October 2010. Today, Saatchi Online will start selling pieces of artwork from emerging artists. Saatchi Online offers the highest earnings in the industry, giving 70 percent to the artist.
Saatchi Online manages all aspects of transactions and logistics from artists to buyers. The site even offers a seven-day money back guarantee, no matter the initial cost of the piece. Other unique features of Saatchi Online include;
· powerful social networking tools,
· fee-free peer-to-peer competitions called “Showdowns,” and,
· the incredible opportunity to have one’s work displayed at the Saatchi Gallery in London and other locations around the world.
Charles Saatchi, who originally conceived of the site, remains a major shareholder along with Balderton Capital. The site has been completely reconceived under the direction of former iStockphoto founder and CEO, Bruce Livingstone. The new social marketplace quickly attracted 100,000 new artists because it provides the art community with a new way to discover, share, exhibit, promote, discuss and sell art online.
“We have given powerful social and technical tools to the global art community, accelerating meaningful connections between artists and collectors,” said Bruce Livingstone, CEO of Saatchi Online. “People crave a sense of community with those who share their passions, their obsessions and even their trials. I fully expect several of the art luminaries of the next century to be discovered here.”
Buying and Selling Art at Saatchi Online
The main goal of Saatchi Online is to help create sustainable careers for artists, by promoting art, finding buyers, and ultimately providing the opportunity to make more. Starting today, the site will become a social marketplace, helping community members sell original works of art and printed canvases. Buying art on Saatchi Online shows that you care about how artists are funded to create their next great works.
About Saatchi Online
Saatchi Online provides the global art community a new way to discover art and get discovered. Originally conceived by Charles Saatchi, the new Saatchi Online is led by CEO Bruce Livingstone, founder of iStockphoto. Saatchi Online is affiliated with the Saatchi Gallery and Charles Saatchi, who is a majority shareholder in Saatchi Online along with Balderton Capital. Saatchi Online offers artists powerful social networking and "Showdown," a fee-free visual "head-to-head" competition. The winners of the Showdown competitions receive a cash prize and a spot in the Saatchi Gallery in London or are featured at International Art Fairs. Saatchi Online is headquartered in Chinatown in Los Angeles, California.