What with 100 million avid collectors around the world and the global collectibles market estimated at $150 billion a year, combining two of the premier Web sites for art, antiques and collectibles was just common sense for Will Seippel, founder and CEO of WorthPoint, and Jim Kamnikar, GoAntiques’ president and CEO.
WorthPoint is a Web 2.0-based data-and media company that offers a vast database of sales records on art, antiques and collectibles. It announced Tuesday from its Atlanta home office that it has completed a letter of intent to acquire Dublin, Ohio, GoAntiques, an online network for buying and selling antiques and collectibles.
Founded in 2007, WorthPoint has quickly become the largest social network for researching the worth of antiques and collectibles. More than 50,000 people registered as WorthPoint members in our first nine months.
We offer a rich multimedia experience that helps collectors understand the worth of their items, as well as providing expert advice from our team of Worthologists on how to preserve or sell antiques and collectibles. Members can also share their knowledge while building collecting communities.
GoAntiques was started in 1994 as Antique Networking by Kathy Kamnikar, making it the oldest Web antiques-and-collectibles site. It offers 600,000 items from more than 1,300 dealers in 31 countries and has the world’s largest antiques and collectibles price guide, PriceMiner®. GoAntiques logs nearly a million visits and thousands of transactions each month. More than 350,000 people are registered GoAntiques members.
“GoAntiques is a perfect fit for WorthPoint,” Will Seippel said. “It is the longest-running and most experienced antiques-and-collectibles site on the Internet and has a great staff. Combined, we will have more than 1 million visitors a month to our Web pages.”
He added, “Our acquisition of GoAntiques will accelerate our growth by introducing the antique-dealer community to WorthPoint. More importantly, it will introduce thousands of antique dealers to the thousands of homeowners who come to the WorthPoint site daily looking to sell some of their possessions.”
GoAntiques’ Kathy Kamnikar said she is thrilled to be part of the WorthPoint team. “Fifteen years ago, my dream was to serve the antiques market. With Jim as president, we’ve come a long way, and now with WorthPoint, we can go even farther.”
GoAntiques CEO Kamnikar said: “This is a good match. WorthPoint will give us the added resources we need to expand our marketplace and provide additional value to our buyers and sellers. The people looking for assistance with estates and collections, who come to our site, will benefit greatly from having access to WorthPoint’s rapidly expanding team of experts.”
“WorthPoint represents the future of collecting worldwide, and we are happy to be part of that exciting future.”