WorthPoint Announces Plans to Acquire GoAntiques
Atlanta— 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 is just common sense for Will Seippel, Founder and CEO of WorthPoint Corporation and Jim Kamnikar, President and CEO of GoAntiques, Inc.
WorthPoint announced Wednesday, August 20, 2008 that it has signed a letter of intent to acquire Dublin, Ohio-based GoAntiques, an online network for buying and selling antiques and collectibles.
GoAntiques, the oldest antiques-and-collectibles Web site, was founded in 1994, by Kathy Kamnikar, as Antique Networking. It offers 600,000 items from more than 1,300 dealers in 31 countries and the world’s largest antiques and collectibles price guide, PriceMiner ®. GoAntiques logs nearly a million visits and thousands of transactions each month and has more than 350,000 registered members.
“GoAntiques is a perfect fit for WorthPoint,” WorthPoint CEO 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.
“Our acquisition of GoAntiques will accelerate our growth by introducing the antique-dealer community to WorthPoint,” said Seippel. “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 further.”
GoAntiques’ Jim 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.
“WorthPoint represents the future of collecting worldwide, and we are happy to be part of that exciting future.”
WorthPoint was founded in 2007, but it has quickly become the largest social network for researching the worth of antiques and collectibles.
Read the entire WorthPoint Press Release.