Artsy Announces Acquisition of Social Impact Platform Greenhouse Auctions and Appoints Its Founder and CEO Shlomi Rabi to Artsy’s VP of Auctions
Inaugural Greenhouse Auction under Artsy’s Brand, “Higher Power—[email protected]: Benefit Auction 2021Artsy Announces Acquisition of Social Impact Platform Greenhouse Auctions and Appoints Its Founder and CEO Shlomi Rabi to Artsy’s VP of AuctionsNEW YORK, November 29, 2021 — Artsy, the largest global online art marketplace, today announces its acquisition of social impact auction platform Greenhouse Auctions, and the appointment of its founder and CEO, Shlomi Rabi, to VP of Artsy’s auctions business. As VP of Auctions, Rabi will lead Artsy’s commercial and benefit auctions businesses. This important acquisition and appointment marks Artsy’s continued investment in its growing secondary-market business, further deepening its art industry talent and enhancing the value provided to Artsy’s partners and collectors. The strategic acquisition also spotlights Artsy’s commitment to social responsibility and increased focus on diversity, equity, and inclusivity.With Artsy’s acquisition of Greenhouse Auctions—founded in 2020 during the COVID-19 pandemic—Rabi joins the online marketplace’s leadership team as VP of Auctions following a successful 20-year career in the art industry. With his deep auction-world experience, which spans a variety of leadership roles at premier international auction houses including Phillips and Christie’s, Rabi will work closely with executive leadership to strategically grow Artsy’s commercial and benefit auction business. He will also manage Artsy’s growing team of art experts who specialize in post-war and contemporary art, prints and multiples, and other collecting categories to support in sourcing, selling, and appraising artworks.Greenhouse Auctions is a social-impact auction platform with a unique structure. It unlocks opportunities with a growing number of nonprofits and key players in the primary market who are drawn to Greenhouse’s commitment to social justice initiatives, and its dedicated scholarship fund for art history students in HBCUs. This strategic acquisition supports both Artsy’s and Greenhouse Auctions’ mission of combining profit with purpose, and is neatly aligned with the values