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Paddle8 is an online auction house selling fine art and collectibles across the Internet. Founded in 2011 by Alexander Gilkes and Aditya Julka, Paddle8 conducts themed or curated sales of works consigned by owners worldwide, as well as benefit auctions in collaboration with non-profits. Paddle8 has offices in New York and Los Angeles, and will open an office in London in fall 2013.
Paddle8 was founded in May 2011 by Alexander Gilkes (a former LVMH executive and the chief auctioneer at Phillips auction house) and Aditya Julka (a serial entrepreneur and Harvard Business School Baker Scholar). Initially created as a broad platform for presenting exhibitions of contemporary art online, in 2012 Paddle8 refined its business model to focus solely on auctions. Today, Paddle8 connects buyers and sellers of fine art and collectible, from design to fine jewelry, through an online auction platform. Since its founding, Paddle8 has partnered with non-profits worldwide, from the Los Angeles County Museum of Art to the Brooklyn Academy of Music and the Royal Academy, to present benefit auctions online in support of the institutions. By June 2013, Paddle8 had presented more than 150 benefit auctions.
In June, 2013, Paddle8 announced $6 million in funding from new investors, including artist Damien Hirst, Alexander von Fürstenberg, Russian mogul Vladimir Yevtushenkov, Matthew Mellon, and Jay Jopling, owner of White Cube.
Paddle8’s curated auctions are developed under thematic guidelines, with works sourced by Paddle8's in-house team of specialists, experienced veterans from Christie's, Gagosian Gallery, and Phillips. Past themed auctions have been curated by Interview Magazine, as well as notable cultural figures, and have featured works by many of the masters of the twentieth century.
Paddle8’s Benefit division runs auctions for non-profit institutions in a fully virtual capacity or as a pre-selling collaboration prior to a live auction. The company has presented over 150 benefit auctions since the start of its platform in 2011.
In spring of 2013, the company launched a cloud-based inventory management system called Archiv8. The product is aimed at facilitating the management of inventory, and includes an iPad application and shipping calculator.