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Last updated : 09/11/2026 - 09h15
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Artmarket.com: Revenue Up 7% in the Third Quarter, Artprice Visual Search to Become Paid in 2027

On November 9, 2026, Artmarket.com published total revenue for the third quarter up 7%, at €2,648k compared with €2,477k a year earlier.

The increase is more pronounced for internet revenue, which rose 11% to €2,229k, while the change in deferred income fell to €419k from €477k.

These unaudited figures accompany the announcement of the commercial launch schedule for Artprice Visual Search, an artificial intelligence-based visual search tool. The group plans to integrate it from January 2027 into its high-end Premium and Professional subscriptions, at prices presented as significantly higher.


Artmarket.com: Revenue Up 7% in the Third Quarter, Artprice Visual Search to Become Paid in 2027

The deferred income component brings the total increase down to 7%

The published quarterly total combines two components: internet revenue and the change in deferred income. The first rose from €2,000k to €2,229k, while the second went from €477k to €419k.

It is this decline in the deferred income component that explains the gap between the 11% increase in internet activity and the 7% increase for the whole.

The reading of these figures takes place within a particular accounting framework. Since June 30, 2025, Artprice by Artmarket has presented its statutory accounts, following the absorption of its subsidiaries through universal transfer of assets. The group has also applied, since June 30, 2021, a different method for recording revenue.

In its half-year results published on August 13, 2026, the company cited this change in method and the abandonment of IFRS standards among its risk factors. It specifies that this change does not affect its general terms and conditions of sale, its subscription contracts, or the cash payments made by its customers.

The Artprice Visual Search visual search tool becomes paid from January 2027

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The rollout follows two stages. Throughout December 2026, a beta version of Artprice Visual Search will be opened to all subscribers. From January 2027, the tool will be integrated into the high-end Premium and high-end Professional plans, which, according to the company, will come with “significantly higher prices”.

The group presents the beta phase as “a powerful conversion accelerator”, intended to move existing customers toward these subscriptions, with the stated objective of an increase in average revenue per user.

The model was trained on 23 million annotated reproductions of artworks, each documented by 180 fields, before being deployed on a database of nearly 145 million images.

For each artwork submitted, the tool returns 49 artworks, each assigned a relevance percentage. It extends the Intuitive Artmarket and Blind Spot tools, whose transformation into an “AI-First” architecture had already been among the opportunities highlighted on August 13, 2026. Thierry Ehrmann, founder of Artprice and chairman of Artmarket.com, describes it as “a true quantum leap”.

The Ehrmann family and Groupe Serveur increase their stake

The press release states that the Ehrmann family and Groupe Serveur, the main shareholder, have increased their stake in the share capital through the acquisition of new shares. Four filings have been submitted to the AMF: the first published on August 17, 2026, two others on August 20, 2026, and a fourth, covering four transactions, on October 13, 2026.

These purchases give effect to the increase in stake that the company had announced as planned in its half-year results published on August 13, 2026. Management specifies that these transactions aim to support the company, and not to prepare a public tender or buyout offer, contrary to the interpretation given on certain forums.

The quarter's growth thus rests on internet activity, while the monetization of the visual search tool within high-end subscriptions is scheduled by the group to begin in January 2027.



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Context

Period
  • Period: T3 2026
Key reported figures
  • Revenue: 2,6 millions d'euros
  • Quarterly revenue: 2,6 millions d'euros
  • Revenue growth: 7 %
Risks mentioned
  • Capacité de conversion de la base d'abonnés actuelle vers les nouveaux abonnements Premium et Professionnel haut de gamme lors du déploiement janvier 2027
  • Risque d'adoption ralentie de la technologie Visual Search® si les clients ne percevaient pas la valeur ajoutée durant la phase bêta de décembre 2026
  • Concurrence potentielle d'autres moteurs de recherche visuelle généralistes adaptés au marché de l'art
Opportunities identified
  • Déploiement mondial en bêta-test début décembre 2026 d'Artprice Visual Search®, suivi de sa commercialisation dès janvier 2027 dans les offres Premium et Professionnel haut de gamme
  • Augmentation structurelle du revenu moyen par utilisateur (ARPU) via des tarifs nettement plus élevés pour les nouvelles offres intégrant la technologie Visual Search®
  • Expansion auprès de centaines de millions de collectionneurs mondiaux (30-45 ans) recherchant des puissances esthétiques et formes au travers de 145 millions d'images référencées

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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