By Barney Davey
I recently posted about the emergence of Artaissance on to the art print scene. The post delved into why it’s parentage was important, which is it is curated and managed by the same team that drives the bus over at Larson-Juhl, only the largest picture framing company worldwide. If L-J’s size fails to impress you, certainly the fact that it is a Berkshire Hathaway company ought to.
The story goes that Warren Buffett met with then owner Craig Ponzio for all of 90 minutes before making the decision to purchase the company. Surely, it had to pass muster on its financials, but whatever the time taken for the decision it fit the concept Buffett likes. That is big profitable companies in relatively sleepy corners of the business world. Few outside the business would argue that picture frame moulding is a sexy beast.
When it comes to moving art prints, Art.com has proven it can be done big time on the Internet. The March issue of Business 2.0 magazine identified six tech companies set to go IPO and Art.com was one of them. The article says Art.com was hot because it was producing $100 million in revenue after its merger with rival Allposters.com. That’s one heck of a lot of posters, framed or otherwise!Continue reading