“Art is a new category that we’re still realistically several weeks away from refreshing,” Auerbach says. “You’ll see a built-out arts section in the coming weeks and months.”
In the meantime, the majority of the objects on the site are below $50,000. “We’re starting to see [sales] in the range of $2,500 to $50,000,” Auerbach says, though he expects that range to shift as the site continues to roll out. “If the product is good, we’ve seen very little resistance … we’ve seen pretty broad interest across the spectrum.”
This article was provided by Bloomberg News.