Contrary to the CVV's press release dated 6 January
2012 informing journalists that it was seeking an emergency
injunction against Artprice, the company Artprice wishes to
declare that no such procedure has been launched. To this
day, Artprice has not received notification of any legal
proceedings whatsoever regarding the forthcoming launch of
its online brokerage service.
In fact, Artprice wishes to formally denounce the various
erroneous interpretations that have resulted from that press
release. As indicated by Artprice within hours of the
CVV's press release, courteous exchanges have taken place
between Artprice and the CVV in the form of official letters.
Artprice confirms that the contents of its response to the
CVV's press release of 6 January 2012 correspond
perfectly to the calm and constructive discussions it has
been engaged in with the CVV in recent days, and Artprice
officially confirms the opening of its new online auction
brokerage service conducted remotely via Internet (as
described in paragraphs 2 and 3 of Article L321-3 of the
French Code of Commerce) on 18 January 2012.
In the framework of its regulatory disclosures and in order
to eliminate any misunderstanding, Artprice is re-posting
(below) the press release it officially communicated on 6
January 2012, every point of which Artprice reiterates and
confirms:
Artprice's reply to the Conseil des Ventes
Volontaires (French auction market supervisor)
Artprice discovered, first via the media and
then via an email received from the Conseil des Ventes
Volontaires, the latter's request that Artprice should
clearly and unequivocally indicate to the public its quality
as an electronic auction broker "d'opérateur de
courtage aux enchères réalisées à distance par voie
électronique (in accordance with Article 5 of French Law no.
2011-850 of 20 July 2011)". Considering our long,
constructive and peaceful relations with the French auction
market supervisory authority (Conseil des Ventes
Volontaires), we believe that its reaction to the forthcoming
launch of our online auction brokerage activity (18 January)
is based on a misunderstanding that will be cleared up once
it has examined our documentation and particularly the
preventative measures we have taken to avoid confusion in
this respect.
In the first instance, Artprice invites the financial
markets, its shareholders, its1.3 million members and of
course the Conseil des Ventes Volontaires to consult the
financial documentation and press releases that Artprice has
submitted to Actusnews, a special financial information
website certified by the AMF (French Financial Markets
Authority), and particularly the press release dated 1
January 2012 in which Artprice states in the very first line,
without any shadow of ambiguity, that its new online activity
is indeed an online auction brokerage activity
("opérateur de courtage aux enchères réalisées à
distance par voie électronique in accordance with Article 5
of French Law no. 2011-850 of 20 July 2011").
In fact, in order to avoid any confusion between the
different legal statuses and activities covered by Law no.
2011-850 of 20 July 2011, Artprice has commissioned a
court-appointed attorney to take all necessary steps to
highlight the precautionary measures taken by Artprice via
its regulated disclosures, the presentation on its website of
its new activity, the General Conditions of Use published
thereon and various other communication media, in order to
avoid any confusion between Artprice's activity (auction
brokerage) and that of public auction sales.
Moreover, Artprice has taken the precautionary measure of
translating into all the languages used by its website the
key information concerning its new service and it has
deliberately avoided translating the references to its legal
status under Article 5 of the Law no. 2011-850 of 20 July
2011 precisely in order to avoid any confusion or
misinterpretation that could arise from an inappropriate
translation of Artprice's status under Article 5 of
French Law no. 2011-850 of 20 July 2011 vis-à-vis the other
legal statuses that govern public auction sales.
In conclusion, Thierry Ehrmann, CEO and founder of Artprice,
declares that he is perfectly satisfied with the measures
taken by Artprice and that Artprice will commence its online
auction brokerage activity (opérateur de courtage aux
enchères réalisées à distance par voie électronique) on 18
January 2012 in accordance with Article 5 of French Law no.
2011-850 of 20 July 2011) and that the public will be able,
as of Monday 9 January, to preview several thousand items
advertised for sale at a broad range of prices, ranging from
collectibles to museum-quality artworks. In total, Artprice
has received ads representing roughly 700 million dollars in
starting prices. As regards any legal discussions with the
Tribunal de Grande Instance de Paris (Paris District Court),
Artprice and its CEO believes that its will provide, through
its lawyers Emmanuel Pierrat and Thierry Dumoulin, all the
necessary elements to satisfy the parties concerned and to
resolve the problem by eliminating any possible form of
ambiguity.
It is clear that after nearly 500 years of monopolistic
functioning, the auction market's ambitious reform of 20
July 2011 (imposed by the European Directive Services) is
bound to unsettle certain players in the market who are
unaccustomed to free competitions environments.
Artprice cannot avoid the observation that having posted the
best performance on the regulated French stock market (+ 472%
since 1 January 2011) with a total volume of shares worth 873
million euros and a sliding annual progression of no less
than 593% and 144 million euros of shares traded since 1
January 2012, it is naturally an object of envy and an
attractive acquisition target for the historical players in
the auction market who for reasons of conservatism have
missed the train of History and of the Internet.
Source: http://www.artprice.com (c)1987-2012 thierry Ehrmann
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distribué par | Ce noodl a été diffusé par Artprice.com SA. Il a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-11 09:46:39 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |