FOR IMMEDIATE RELEASE

PICASSOMIO.COM COMPLETES ITS 5TH ANIVERSARY WITH 62% GROWTH IN 2005

PicassoMio.com and its galleries, the leading art dealer, sells fine art in 50 countries, by 700 different artists, during 2005, its 5th year of operations.

 

Boca Raton, Florida, and Madrid, Spain (December 30, 2005)

PicassoMio.com announced its preliminary 2005 result, its 5th year of operations, with a sales growth of 62% over 2004. Works by nearly 700 artists were sold during the year versus 400 artists in 2004, an increase of 75%.

During 2005, the Website, PicassoMio.com and its galleries, sold fine art to clients in over 50 countries, by 700 different well-known and emerging artists. Clients purchased artworks in all mediums, including paintings, graphic prints, photographs and sculptures, ranging from $100 to approximately $100,000. Primary markets included U.S, UK, and other EU countries, but the company also sold in countries as diverse as Australia, Egypt, Israel, Russia, Turkey and Mexico. During 2005, PicassoMio.com also received approximately 10 Million visitors, making it the most visited art destination, in the world.

In its 5th full year of operations, the Gallery credited its revenue growth to an increase in visitors, successful advertising campaigns, higher visibility, and improved sales to business and interiors sectors.

“PicassoMio has become the principal dealer of art, not only in the U.S. and the EU, but around the world”, said Allan Majotra, Managing Director. “We continue to sell pieces by masters like Picasso, Warhol, Helmut Newton, and Hirst to hundreds of emerging talents. While in the past 5 years, we have sold artworks by over 1,000 artists from all continents, our main focus remains on promoting the contemporary art scene, around the world. Nearly half of the artists we work with are emerging and as a result of PicassoMio.com, their works can now be found in collections, around the world.”

In 2005, El Pais called PicassoMio Gallery, “the world’s biggest gallery”, Emprendedores magazine selected PicassoMio.com as one of the “100 Best Companies”, Smart Money magazine of the Wall Street Journal selected PicassoMio.com as the only recommended art website and Financial Times called PicassoMio.com the “Amazon.com” of the contemporary art scene.

“During 2006, PicassoMio galleries and PicassoMio.com will continue to dedicate itself to promoting contemporary art, around the world and we are confident of further consolidating our position as the leading art seller.” added Allan Majotra.

In addition to offices and galleries, in Barcelona, Madrid and Miami, PicassoMio plans to open two more galleries, in California and United Kingdom, in 2006.

 

About PicassoMio Gallery (www.PicassoMio.com)

Based in Europe and the U.S., PicassoMio operates PicassoMio Galleries and PicassoMio.com, the largest online marketplace for premium contemporary art retail. Its websites in English and Spanish currently sell gallery-quality artworks by over 1,000 artists from around the world. In operation since 2000, PicassoMio has sold contemporary art by over 1,000 selected artists to clients in over 50 countries. The company’s annual sales are in 7-figures and growing at a rate of over 50% per year.

At PicassoMio.com, one can find curated, one-of-a-kind or limited-edition works, including paintings, graphic prints, photographs and sculptures, by modern masters, such as Matisse, Chagall and Miro; contemporary masters, such as Damien Hirst, David Hockney and William Wegman, and hundreds of extraordinary emerging artists. Their current online catalog includes over 20,000 different artworks valued at $125 million, with prices ranging from $100 to $100,000.

Every month PicassoMio.com receives approximately 1 million visitors and serves over 100 clients. The average order size is approximately $1,500. Clients include private parties, businesses and trade companies, including interior designers, galleries and dealers. Customers are served by art consultants, all of whom have significant art business and art history experience.

The website’s powerful art search engine allows buyers to find the artwork of their choice by selecting from medium, style, theme, colour, price, etc. All clients are also assured of a 7-day no-questions-asked return policy. The company contributes 5% of its gross profits, in cash or kind, back to the art world.

In 2004 and 2005, PicassoMio’s achievements were noted by the media, with the gallery receiving recommendations by the Wall Street Journal, the Financial Times, the New York magazine, the Purplebook (Random House), Real Simple magazine, ArtsWorld TV and Smart Money magazine.

In 2004, the Company was nominated as a finalist for FAST50, organized by the prestigious magazine Fast Company, for companies that demonstrate “creativity, struggle and triumph”. In 2001, PicassoMio was selected by European Commission for the Gate-2-Growth forum and was nominated as a finalist in the pan-European 'Milestones' Business Awards, coordinated by the Boston Consulting Group.

PicassoMio.com was founded by Allan Majotra and Nicholas Marchalleck and has offices and galleries in Boca Raton, Florida, and Madrid and Barcelona, Spain.

For further press-related questions, PicassoMio may be contacted at press@picassomio.com or 1-877-212-5879 (USA) or +34 91 781 0789 (EU).