Check out the polka dot dress in the photo that accompanies this post. A beauty, eh? It was made famous by Lucille Ball in “I Love Lucy,” the ground-breaking sitcom from the early days of TV. Last month, that dress was sold by the auction house Profiles in History for $140,000.
Profiles in History is one of many such houses that is a customer of Artfact, a Boston-based company that designs platforms, software, and e-commerce applications for the online auction industry.
Thanks to splashy sales such as Lucy’s dress, Artfact said its July auction revenues increased by 142 percent on a year-to-year comparison basis. One reason why: The number of transactions that were conducted on Artfact platforms was up sharply from July 2012.
“As Artfact continues to shape the future of the online live auction marketplace, making auction items more accessible and scalable to a global audience, we have seen a surge in bidding activity from collectors and dealers around the world,” Artfact CEO Rob Weisberg said in a statement. “Our roster of auction house partners also continues to grow as more houses embrace millions of online bidders coupled with increased demand delivered by Artfact’s online marketplace. This combination of bidder growth and new auction houses has driven Artfact’s robust growth.”