Auction Technology Group

Auction Technology Group

Company information

Buy and sell

Auction Technology Group (ATG) powers online marketplaces for buying art and antiques, industrial and commercial equipment, and retail returns on the secondary market. It launched the first of its five online platforms in 1998.

“We give tens of millions of customers easy access to the incredible value and millions of unique items we help sell each year,” says CEO John-Paul Savant. “ATG is transforming not only the way people see the secondary art market, but how they buy and sell within it.”

In 2018, ATG facilitated 14,189 auctions, which sold over 12,000 lots per day. “We are making buying at auction accessible, easy and transparent,” says John-Paul. “We are disrupting the way people see buying and selling on the secondary market, changing it from a world where specialist dealers buy and then resell from stores at much higher prices, to a world where anyone can access that opportunity.”

ATG has been thriving in recent years, selling to users in 148 countries, which it puts down to its ability to flourish during any economic climate. “Auctions tend to do well in good times and in bad, so more than being counter-cyclical, we are cycle-neutral. In good times, people have disposable income and buy more, often seeking unique or special items,” John-Paul explains. “In less good times, people offload assets to cover shortfalls and seek bargains.”

John-Paul trusts ATG’s success will continue. “I believe we are disrupting the secondary market the way Amazon did for books, Auto Trader did for cars or one of many online property portals are doing for real estate,” says John-Paul. “In 2018, over £1.2trn was sold on the top 75 marketplaces and over 50% of global online sales took place on marketplaces. This is a growing trend and one we are well positioned to lead for our industries.”