Barnebys acquires ValueMyStuff, a UK-based digital valuation service.
Barnebys, a Stockholm, Sweden-based company managing a digital platform for art, antiques and collectibles, announced the acquisition of ValueMyStuff, a British valuation service for art and antiques.
The financial details of the deal remain undisclosed.
ValueMyStuff, founded in 2010 by Patrick van der Vorst, Sotheby's former European manager, provides valuation services for art and antiques, acting as a virtual antique roadshow.
The service has over 500,000 users and provides its customers with valuations of art, antiques and collectibles, such as wine and watches, or other items that are part of the company's 48 categories. The company today has a team of 62 experts and expects sales of almost $1M for 2018.
Barnebys Group, founded in 2011 by CEO Christopher Barnekow and Pontus Silfverstolpe, developed an online search service for art, antiques and collectibles. The company serves around 2.5M users and expects sales of about SEK 43M for 2018.
At the end of 2017, Barnebys made two acquisitions of US-based companies: Simple Auction Site and Collectors Weekly. The company has raised about $15M in capital since its founding, with the list of investors including Inbox Capital, Kichi Invest, Industrifonden and several Swedish angel investors.