Art book publisher and distributor Phaidon has acquired Artspace Marketplace, an online site that sells fine art, in a deal whose terms were not disclosed.
“We are thrilled with the investment in Artspace. We look forward to enriching the experience of our audience and expanding our reach through new initiatives, including retail presence, product development, and the joint creation of original content,” stated Keith Fox, CEO of Phaidon.
Through the acquisition, Phaidon will expand its relationship with art collectors, who presumably also buy art books. Artspace will gain access to Phaidon’s global distribution and retail presence, helping to expand its reach in the art world.