I would suggest all these comments relate to the existing Paddle8 operating model, rather than post-merger. Yes the merger has happened but changes to the model, the real changes that affect buyers and consignors, won't happen until later this year and next. The existing model has lots of issues that will hopefully be rectified post-merger, although I've heard from next year they're reverting more to a traditional model with live auctions and consignors having to send works in for cataloguing, framing etc

I sold a print on the 9th. The buyer appears to have paid immediately, it was collected on the 12th and I'm currently waiting for payment from Paddle8. The user conditions say it could take up to 30 days to be paid. The transaction with the courier, Adam Crease, was quick and easy. I'll update this post once they've paid me so everyone else has an idea of how long the whole process takes.

I just received the bank transfer this morning, so from the date of collection it took two weeks to get paid. I'm quite pleased.

Good auction house and very interesting for the benefits, but not for the home "Paddle8" with 20% buyer's premium.

Just received payment for 2 pieces 2 weeks after they were picked up, happy about that.
Website has become very buggy though, if I click a link to an auction from an email they send me that auction page will never load for me. I'm not listing anything else there until the website is addressed, first things first guys.

When I sold 2 pieces last year my items completely dropped off the search radius around the last 5 minutes.

Not a very good system when trying to sell and buyers can't find the piece...

HM Who Cares Wins I believe was £7166.

did anyone happen to catch how much the JR Eye Froisse hammered at this AM in the street art auction?

Fantastic selection of work up for grabs, those Futura pieces are lovely. I think 40k would do me for all the pieces I'd bid on.. if only..

I read this and though it was worth sharing. I'm not endorsing the story as true but I was thinking of consigning work with them. I'm now reconsidering. If anyone has further info please add it to this thread.

06 Auctionata Paddle8 may be experiencing financial difficulties, according to reports that the Berlin-based startup has failed to pay employees since December.
(via WirtschaftsWoche)



An email sent to staff and obtained by German business publication WirtschaftsWoche reportedly notes that healthcare and retirement benefits will not be not impacted. Through a spokesperson, the Berlin-based startup refused to comment “on such rumor and speculation,” instead pointing to what they labelled a “promising” new round of financing. Auctionata Paddle8 did confirm, however, that founder Georg Untersalmberger will leave the company at the end of next month to focus on other projects. In his farewell email, Untersalmberger reportedly referenced the company’s current difficulties but assured a promising outlook, without providing further detail. Auctionata merged with fellow online auction platform Paddle8 in May 2016. The company has been helmed by CEO Thomas Hesse since September, when Auctionata founder Alexander Zacke stepped down. These new reports come after major staff changes and layoffs at Paddle8 in May and months after an April audit of Auctionata found an alleged history of trade violations at the auction house, in which Zacke was said to have participated in Auctionata’s own sales. Auctionata Paddle8’s alleged financial troubles come roughly a week after Artspace laid off three-quarters of its staff.

I've got some pieces currently with them, they have been informative, helpful and really friendly when we've communicated. Nothing bad to say about them at all.

My original post was merely to inform not to try to cast aspersions over their levels of service or results they achieve. If I remember correctly there is a 60 day period before consigners get paid. That fact alone if I'm correct makes me a little nervous. Hopefully more information will surface and the situation will be clearer. I too hope they are still here going forward. I think it's a decent platform.

maybe the Auctionata isn't working? Paddle8 seems extremely strong, I know they merged but maybe they are cutting their loses? Just can't see paddle8 going anywhere, but you might find something?

Who are the backers?