Paddle8 was an online auction house based in New York City[1] selling fine art including Post-War and Contemporary art, prints & multiples, photography, street art and collectibles. Paddle8's sales focus on pieces priced between $1,000 and $100,000, all vetted by specialists for authenticity.[citation needed] Paddle8 had offices in New York, Los Angeles, London and Hong Kong.[2] In 2016, Paddle8 merged with the Berlin online auction house Auctionata.[3] In February 2017, Auctionata declared insolvency and Paddle8 became an independent company once again,[4] before selling to Native in 2018, and then to Facebank AG in 2019. In March 2020, Paddle8 filed for Chapter 11 bankruptcy protection in New York just one week after the non-profit New American Cinema Group filed a lawsuit against the company for allegedly misappropriating funds from a charity auction.[5]
- ^ "Paddle8 Inc - Company Profile and News - Bloomberg Markets". Bloomberg. Retrieved 2020-09-23.
- ^ Kinsella, Eileen (2013-06-06). "Paddle8 Nets $6 Million From Team of Investors Including Damien Hirst". Blouin Artinfo. Retrieved 2013-06-27.
- ^ "Auctionata | Paddle8 Will Be Known as Paddle8". artnet News. September 30, 2016.
- ^ "Auctionata Files for Insolvency, Paddle8 to Be Spun Off With Help of Unnamed Investor". The New York Observer. January 19, 2017.
- ^ "A Nonprofit Founded by Jonas Mekas Is Suing Online Auctioneer Paddle8 for Allegedly Failing to Hand Over the Proceeds From a Charity Auction". 10 March 2020.