Antiquorum Gets Partner, Expands Operations

Antiquorum, the world’s leading auction house for timepieces, has sold 50 percent of its equity to ArtistHouse Holdings Inc., a Japanese company, for $30 million. The deal enables Antiquorum to expand its Asian, publishing, and Internet operations. The deal, effective Jan. 23, makes ArtistHouse an equal partner with Osvaldo Patrizzi, Antiquorum’s founder, chairman, and chief executive officer. Under terms of the pact, he remains chairman and chief executive officer. ArtistHouse has a variety of businesses in entertainment, publishing, and Internet technology. It will aid Antiquorum’s expansion in the Asian market, said Antiquorum, which has offices in Hong Kong, Shanghai, and Tokyo, and held its first Hong Kong auction in 1978. ArtistHouse will initially focus on expanding Antiquorum Japan’s operations. ArtistHouse also intends to significantly increase Antiquorum’s publi
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