The transaction, finalized this month, makes Cove Hill the majority owner of the company.
The company will use the proceeds to invest in technology solutions for auction houses, including mobile advertising, custom websites, inventory management, and after-sale processes and continue to innovate with creative marketing to reach new buyers worldwide.
Founded in 2002 and led by Executive Chairman Jason Finger and CEO Phil Michaelson, LiveAuctioneers digitally connects an audience of millions with the live-bidding action at more than 5,000 premier auction houses and galleries in 59 countries, providing an expertly curated marketplace of such items as fine and decorative art, antiques, jewelry and vintage collectibles.
FinSMEs
22/05/2019