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Artnet & The Price of Everything

Before Artnet, dealers and auction houses had a stranglehold on information. Then came Hans Neuendorf… and nothing has been the same since.

Hans Neuendorf
Artnet plays a central role in the market, but its rise hasn’t been easy, and much of the challenge seems to have come from Hans Neuendorf, himself. Photo: Taylor Dafoe/Courtesy of Artnet
Marion Maneker
April 23, 2024

The other day, I asked a dealer about Artnet, the ubiquitous German-owned but U.S.-based art market media and data business, and the company’s prospects for the future. It wasn’t a leading question, but it was an increasingly relevant one. After all, the 35-year-old company’s guiding personality and founder, Hans Neuendorf, is now in his late 80s. After taking the company public on the German stock exchange, in 1999, the stock has fallen from €46 to €5.85 per share—an 87 percent drop.