on the Polish art market lately you will see positive changes - new entrants, or refresh the well-known institutions. When it seemed that after the economic crisis, nobody is interested in investing in art, in mid-2010 was Auction House Abbey House SA . (DAAH). This company is interesting not only for taking the courageous decision of the date of commencement of activities, but also for the adoption of innovation (as in the Polish market auction) business model. The traditional auction house business model is based on the secondary market, a seller is the owner works of art, not being the author. Abbey House arranges sale of the work between the artist and the buyer through an exclusive contract. Therefore, focuses on contemporary art, working with living artists. Although there DAAH less than a year, it's growing, not only by enlarging the group of artists, which binds to the contract. Company's executives also care about multiplication of finance capital. May 5, 2011, the DAAH debuted on New Connect market. On the first day of trading share increased by 38% to 4.95 zł . For May 23 quotations were below 5 zł. Last week a substantial increase, which is probably associated with establishing the DAAH collaboration with Andrzej Wajda . On Monday, May 23 was the opening of the collection of reproductions of drawings by the great director. Shares prices rose sharply on May 27, because the price ceiling was flat from 7.4 at the opening of the zł 10.59 zł.
should be noted that DAAH is not the first auction house located on the Polish stock market. New Connect made its debut in 2007 Art NEW media to a year later to be quoted on the Stock Exchange in Warsaw.
should be noted that DAAH is not the first auction house located on the Polish stock market. New Connect made its debut in 2007 Art NEW media to a year later to be quoted on the Stock Exchange in Warsaw.
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