Worthpoint™ Set For A Year Of Growth In 2020 After A Record-setting 2019

By: WorthPoint Corporation
 
 
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Antiques

Industry:
Business

Location:
Atlanta - Georgia - US

Subject:
Earnings

ATLANTA - Jan. 8, 2020 - PRLog -- WorthPoint, the largest online resource for researching and valuing antiques, art, and collectibles, announces another strong year of financial expansion and customer growth. In 2019 WorthPoint's gross billings grew by 33%. Site visits were up 62% year over year. WorthPoint.com finished the year ranked in the top 400 sites by Quantcast for U.S. traffic, up from No. 800 in 2019.

WorthPoint also made significant investments in technology, data, and product introductions in 2019:

·        WorthPoint's net data and image additions approximated 100 million items in 2019. Total pages approximate 1.5 billion.

·        A milestone for the company was the creation of the Worthopedia™ Dictionary, which was introduced to the site in Q4 2019. These pages aggregate data from the three primary WorthPoint databases (Worthopedia Price Guide, Library, and M.A.P.S. Gallery) and are the most complete topical source for these items on the internet.

·        Also, in 2019, WorthPoint introduced a Beta version of its new virtual Vault™ product, which will evolve into a unique and valuable resource that allows homeowners to preserve and document memories and the provenance of items and pass them down to future generations. It will also serve as a valuation tool for the homeowner in the case of loss due to theft, breakage, or a natural disaster.

"We stayed very focused on improving the user experience in 2019, both in terms of design and content," said Will Seippel, CEO and founder of WorthPoint. "Investments in 2019 positioned us well for 2020, as we shift to concentrate more on technical innovations like image recognition and data tagging through AI to make search even easier."

The company is expecting similar growth in 2020 and will likely double its employee base and its data partners in the next 12 months. Additional focus will be placed on the Vault product and laying the groundwork for a formal rollout to consumers in 2021.

About WorthPoint Corporation: With more than 15 years' worth of pricing data on 500 million items, Atlanta-based WorthPoint is the largest resource for researching and valuing antiques, art and vintage collectibles. The company's suite of offerings on WorthPoint.com includes the Worthopedia™ Price Guide with 1.3 billion images, for researching and valuing antiques, art, and collectibles; a M.A.P.S Gallery to identify over 130,000 makers' marks, autographs, patterns and symbols; and, a digital Library of more than 1,000 books, guides and catalogs from leading publishers on a wide range of collecting topics. Learn more at http://www.worthpoint.com

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Tags:Antiques
Industry:Business
Location:Atlanta - Georgia - United States
Subject:Earnings
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