In fact, we did mention the fact of Mr Fine’s departure in the story, see at http://www.skatepress.com/?cat=133

Yes, we also wish Bill Fine good luck at his new job at Artinfo, where historically monetization was even a bigger concern than at Artnet.

Let’s try to catch-up in person in early November.

Cheers
Sergey Skaterschikov

I chanced to read this article today about artnet’s woes. Though reasonably well researched, your analyst missed the obvious. artnet lost its engine, long-standing employee Bill Fine. I personally witnessed Bill bootstrap the auction business from only an idea to its highest level of sales around the time he was leaving to join Artinfo. In fact, every business line he touched at artnet, including the gallery network he conceived of back in the mid-1990s, advertising and then the online auctions, flourished on Bill’s watch. Gallery sales weakened over the past few years because everyone copied the business model. Advertising then kicked in to maintain revenue growth, followed by online auctions. Artinfo is very lucky to have this guy and I would look to strong performance wherever Bill is involved.

Kevin Radell, former Senior Strategist Financial Products at artnet

Thanks for participating at Skate’s Art Investment Review!

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