Phaidon Publishing House of Rich Lyon Blake is talking with artspace.com about acquisitions

Absrtact: Billionaire Lyon Blake's Phaidon Press is discussing acquisitions with artspace.com in an effort to join the booming online art market, which is a source of people who are said to be closely related. Phaidon Publishing House

The billionaire Leon Blake's "Phaidon Press" is discussing acquisitions with artspace.com in an effort to join the booming development of the "online art market", which comes from "people who are said to have a close relationship". Phaidon is one of the world's top art book publishers, while Artspace.com is a high-end art-trading website founded in 2011. The acquisition will be finalized by the end of the week, according to unnamed sources who have disclosed reliable information.

As the online art market continues to heat up, many companies want to exploit the global market share and customer resources for art collections and investments. Many companies, including Artspace, artsy and Paddle8, are rushing to take advantage of online art deals, and these new ventures have gained the favor of many investment giants and have been injected with tens of millions of dollars. Last week, demand Media bought an online gallery, "The Fine Art" of 45,000 artists, at a price of 17 million dollars.

"This is the inevitable trend, the future will be more stable, and the competition is naturally more intense," Clayton, a scholar at New York University who teaches "art, business and technology". In essence, business is actually a rush to buyers, sellers and commodities. ”

In the past three years, Christie's had to hit 50 million dollars to develop its online trading platform; Last month, Sotheby's announced a partnership with ebay to expand its online auction business, as evidenced by the future competition for art online trading.

Christopher Vroom, co-founder and chairman of Phaidon Press, Kate Greenberg and Artspace, did not immediately respond to this matter. Charles Zehren, spokesman for Rians Black, who represents the company, declined to comment.

Phaidon Publishing House, founded in 1923, was acquired by billionaire Leon Blake in 2012, and is renowned worldwide for its publishing arts, design and gourmet books.

Rians Black-Chairman and CEO of Apollo Global Management, New York Museum of Modern Art and board member of Metropolitan Museum of Art. In 2012, Blake filmed Edvard's "Whoop" at a price of 120 million dollars, creating a record of the auction of art at the time.

Blake is never stingy with investments in the art online trading platform: Last month, a company that offered ipad apps to more than 300 galleries Artbinder received $3.17 million trillion in cash, and Blake was one of the investors.