Thursday, May 26, 2016

High-Profile Departures at Paddle8 Following Merger With Auctionata

By Nate Freeman
The Paddle8 offices. COURTESY PADDLE8
NEW YORK---Online auction house Paddle8 has suffered a number of defections from its top ranks, while also laying off several employees, as the company adjusts to its merger with rival startup Auctionata, ARTnews has learned. In recent weeks over a dozen staffers have left either on their own volition or at the behest of the company, marking a realignment of its priorities as it forges ahead alongside its new partner. Of the 16 Paddle8 cofounders, directors, and business executives featured in a photo spread accompanying a W magazine print feature just a year ago, nearly half are now gone. [link]