New York – Artspace, an online marketplace for contemporary
art, announced on Tuesday that it has landed a $1.2 million round of financing.

Investors included Bob Pittman; Pamela P. and C. Richard Kramlich, of New
Enterprise Associates; EA co-founder Tim Mott; and Accelerator Ventures founder
Alexander Lloyd.

New York-based Artspace offers a marketplace for contemporary
art pieces priced between $200 and $10,000, sold exclusively through the
company’s members-only private sales.

The company has partnered with galleries
and art institutions include the Guggenheim Museum, the Brooklyn Museum and
Asia Society.


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