ATLANTA, April 26, 2021 / PRNewswire-PRWeb / – WorthPoint Corporation, the largest online resource for the research, appraisal and preservation of antiques, art and collectibles, today announced its business results for the first quarter of 2021 ending March, 31st, recording its 17th sequential quarter of revenue growth:
- WorthPoint’s first quarter revenue increased 5% from the fourth quarter of 2020, up 51% year-over-year.
- Subscribers grew 8.5% in the first quarter, an increase of 45% from the first quarter of 2020.
- Traffic to the site has increased by 17% compared to the same period in 2020.
- WorthPoint’s Alexa rank was 737 in the United States for web traffic in March, 31st.
The content of WorthPoint’s Worthopedia® database, which already outperforms all competing sites, continues to grow. The company injected data from 49 different sources in March alone, three times the average of its monthly injection sources in 2020 and four times that of 2019. Twenty-seven (27) million new articles were received. added to Price guide from January to March; Another 7,196 articles were added to the Trademark Database. Number of dictionary pages increased by 605, bringing the total to just over 3,650 entries.
WorthPoint has also doubled the size of its Library with the addition of more than 1,000 books and catalogs, a trend that will continue in the second quarter as the company adds more than 2,000 additional items to the library over the next four months. In March 2021, WorthPoint announced that it has acquired the license rights to digitally republish more than 1,250 titles from the Collector Books catalog from Schroeder Publishing. Once all these books have been digitized, properly authorized and uploaded to WorthPoint.com this year, an additional 125,000 pages of new reference material on specialist collectibles will be made available to subscribers.
“One of the main requests from our subscribers last year was to increase the number of data sources that provide information to WorthPoint, so we focused on that,” said Will Seippel, Founder and CEO of WorthPoint. “We are adding data and new partners at an all time high – we signed deals with 22 additional auction houses this quarter alone.”
During the first quarter, the company also finalized the acquisition of assets from HistoryInPhotographs.com (HIP), which was announced on April 6. HIP is a digital repository and e-commerce site for over 50,000 historic photographic images of American life dating back to the 1860s. WorthPoint.com will serve as a model for how the company develops other collection verticals in the future.
WorthPoint expanded its focus on marketing in the first quarter with the launch in 2021 of a “Flip or jump“podcast, thanks to attendance at the International Society of Appraisers (ISA) 2021 Assets Conference, and cover of its popular WorthPoint Treasure hunts, who were on hiatus during the COVID-19 pandemic. The first hunt of 2021 is preparing June 11 at Scott’s Antique Market in Atlanta.
Looking to the future, WorthPoint remains on track to launch advanced image recognition technology for its MAPS database by mid-year, will continue to invest in subscriber tracing and upgrades existing product offerings such as WorthPoint Vault, and plans to introduce new value. – subscription product at a price suitable for owners.
“We are optimistic about WorthPoint’s growth this year, especially after our strong performance in 2020,” continued Seippel. “Much like the US economy, we made gains as the first quarter progressed and we see that momentum continue into April. All of our metrics are trending upwards, which is typical of our business in the summer months, and we are on track to meet the targets. 2021 projections. “
About WorthPoint Corporation: WorthPoint manages the largest online resource for the research, appraisal and preservation of antiques, art, and collectibles. The company’s range of offers on WorthPoint.com includes a price guide, a gallery of resources to identify maker’s marks, autographs, models and symbols (MAPS), and a digital library with over 1,400 books on collectable topics. Using aggregated data from online marketplaces including eBay and major auction houses, WorthPoint strengthens the antiques and collectables industry by providing a constant stream of new data every month, by leveraging more than 549 million archived prices and nearly 1.3 billion images to improve price transparency for sellers and buyers. WorthPoint is headquartered at Atlanta and has subscribers on six continents.
Mary Eitel, MKE Communications, + 1678-733-1535, [email protected]