DGAP-News: Weng Fine Art AG / Key word(s): Miscellaneous/Miscellaneous
2015-09-11 / 08:00

---------------------------------------------------------------------
PRESS RELEASE | 11. SEPTEMBER 2015

E-commerce Subsidiary of Weng Fine Art AG records first Million EUR Transaction

After the very successful launch of its e-commerce platform, WFA Online AG, a subsidiary of Weng Fine Art AG (WFA) which is listed on the Frankfurt Stock Exchange, has now also entered the B2B market. A larger group of more than 100 high-quality fine art editions - including works by Damien Hirst, Alex Katz, Robert Longo, Donald Sultan, and Zhang Xiao-Gang - has been placed with an internationally operating partner, which WFA Online AG had no business relationship with until now. The volume of the transaction amounts to approximately 1.2M EUR initially, and may - depending on the sales revenue generated - increase.

"This large-volume deal illustrates both the scaling effect within this business model, as well as the special attractiveness of WFA Online AG's inventory range stated WFA CEO Rüdiger K. Weng and WFA Online Managing Director Nicolas Mak, about the latest coup by the company that was established in July 2014 in Zug/Switzerland. In addition to the direct economic success, Weng also emphasizes the strategic value of this transaction: "The global market, accessible through other partners operating in different channels and audiences, creates additional awareness for our artists and editions, of which WFA Online AG continues to hold a larger stock".

Proceeds from this sale will be gradual and affecting the period from October 2015 to December 2016. The current progress and future goals of WFA Online AG and its "Wengcontemporary.com" platform will be a central theme of the presentation on the occasion of the Annual General Meeting of Weng Fine Art AG on September 21.

ABOUT WENG FINE ART AG

Weng Fine Art AG (www.wengfineart.com), with subsidiaries in Germany and Switzerland, is a leading internationally operating art dealing and art service company. The founder-led company combines a long-term expertise in the art market with economic know-how. Other factors of success are the large inventory of artworks of the 20 and 21st century as well as the access to attractive funding. In addition to the traditional art dealing activities the company targets a leading role in the art e-commerce. Market know-how, the lack of competition and the comprehensive company-owned stock of high quality artworks will be the key to success of WFA Online AG in this segment. The shares of Weng Fine Art AG are listed in the Entry Standard of the Frankfurt stock exchange.

Weng Fine Art AG
Rüdiger K. Weng, CEO
Kimplerstrasse 294 | 47807 Krefeld | Germany
Phone +49 (0)2151 93713-0 | Fax +49 (0)2151 93713-29 E-mail rkweng@wengfineart.com



---------------------------------------------------------------------
2015-09-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------

Language: English Company: Weng Fine Art AG Kimplerstraße 294 47807 Krefeld Germany Phone: 02151 937130 Fax: 02151 93713-29 E-mail: art@wengfineart.com Internet: www.wengfineart.com ISIN: DE0005181606 WKN: 518160 Listed: Regulated Unofficial Market in Berlin; Open Market (Entry Standard) in Frankfurt  
 
End of News    DGAP News Service  
--------------------------------------------------------------------- 393861 2015-09-11