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PrintXchg is a true BID/ASK marketplace – like a stock market. Like stocks, prints are sold in multiple numbers in an “IPO” (Initial Publishing Offer) and then can be resold. Until now, resale took place at auction houses or through dealers. Now it can happen through PrintXchg!

printxchg - true BID/ASK marketplace

Category

Art & Entertainment

Location

USA

Engagement

Since 2022

Services

Full Stack Mobile &
Web Development

01

Overview

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PrintXchg is a true BID/ASK marketplace - like a stock market. PrintXchg lets collectors offer prints directly to the market via ASKs. Buyers can BID for them or BID for prints not yet offered, hoping to attract a seller. When they cross, the sale happens automatically

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PrintXchg receives the print from the seller, verifies the authenticity of the print through certified experts (Like American Association of Appraisers (AAA)/ International Society of Appraisers (ISA)) and ships it to the buyer

PrintXchg (overview)
printxchg banner

02

Business Challenge

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  • The art market has lacked the transparency, visibility, and equality found in other markets
  • Buyers and sellers were always at a knowledge disadvantage
  • Auction house commissions were high
  • Trading was not on real-time & dis-continuous
  • Collections were not catalogued, maintained and tracked

PrintXchg stepped in to fill the above industry gaps and set-up a versatile print exchange platform

03

Business Solution - (Smart Features)

Best Possible Price (icon)

Best Possible Price

Sellers get more, buyers pay less. auction houses and resale sites charge spreads of 35% or more. PrintXchg cuts transaction costs by two-thirds and provides free market data to guide informed trading

Immediate Buying & Selling At Your Price (icon)

Immediate Buying & Selling At Your Price

Traditional auction houses & online auctions are time limited. You have to wait for the auction to end to learn if you bought, sold or failed. You have no control over the final price. PrintXchg is dynamic: buyers & sellers constantly set and reset prices that work for them

Guarantee icon

Guaranteed Genuine

Every print goes through expert authentication before shipping to the buyer. If it’s not authentic or not in very good condition, it’s returned to the seller and the buyer pays nothing

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04

Business Solution - How It Works (Buying & Selling)

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  • You can make a BID, even for a print that’s not currently offered. You can buy a posted print immediately at the lowest ASK or wait for a lower one
  • A seller may lower the ASK or “hit your BID” (Accept). New sellers may post lower ASKs. If a new ASK is posted, you’ll be notified. You can adjust your BID or buy the print at the new ASK
  • You can post an ASK for a print you want to sell, sell immediately at the highest BID or wait for a better BID
  • New buyers may post a higher BID or existing buyers may raise their BIDs. If a new BID is posted, you’ll be notified so you can adjust your ASK or “hit the BID”

04

Technologies Used

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05

Benefits & Value

Guaranteed Market-Place

Guaranteed, transparent & efficient market place makes print collections a truly liquid asset

Low Transaction Costs

Cuts transaction costs by two-thirds for Buyers & sellers (Compared to traditional Auction sites)

Authenticated Prints

Every print is authenticated by experts before shipping to the Buyer

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SEMBA provides an enterprise level B2B digital cloud commerce platform. It provides an Amazon-like experience with AI, Analytics, B2B Processes and supply chain solutions for wholesalers, distributors, manufacturers, retailers and franchises. Customizable order and invoice management, multiple payment gateway support, Built in ERP integration makes Semba a very powerful platform that enables quick go to market for existing businesses.

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