1stdibs

1stdibs is an e-commerce company. It has an online marketplace, which sells luxury items such as high-end furniture for interior design, fine art and jewelry, as well as a brick-and-mortar location in The Terminal Stores in New York City.[5][6] The company has been recognized for "pushing the antiques business into the 21st century."[7]

1stdibs
Private[1]
IndustryE-commerce
Online marketplace
Founded2001 (2001) in Paris, France[2]
FounderMichael Bruno[3]
Headquarters
New York City, New York
,
United States[4]
Area served
Worldwide
Key people
David Rosenblatt, CEO
Websitewww.1stdibs.com

It was founded in 2001 by Michael Bruno as an online luxury marketplace for antiques after he visited the Marché aux Puces in Paris, France.[8] 1stdibs.com started as a listings site for art dealers to sell offline, but the site was redesigned in 2013 to give buyers the option to purchase items online.[2] The company has received praise for restricting its listings to authorized dealers for authenticity,[9] and scrutiny for preventing dealers from completing a negotiation offline to avoid the company's commission fees.[7]

In March 2019, the company completed a Series D funding round of $76 million. It has received $170 million in funding to date and has a valuation of more than $500 million.[10][11] 1stdibs works with 4,000 dealers in 28 countries.[12]

In December 2019, 1stdibs closed it's brick-and-mortar Terminal Stores after being open less than a year.


References
  1. Spero, Josh (17 May 2017). "New kids on the block: rise of the online art auction". The Financial Times. Retrieved 1 August 2019.
  2. Evans, Katie (28 September 2018). "How 1stdibs.com carved out a luxe e-commerce niche". Digital Commerce 360. Retrieved 4 August 2019.
  3. Rosman, Katherine (13 February 2014). "The Treasures of 1stdibs's Michael Bruno". The Wall Street Journal. Retrieved 3 August 2019.
  4. Griffith, Erin (9 September 2015). "Exclusive: 1stdibs quietly raised $50 million from Insight Venture Partners". Fortune. Retrieved 3 August 2019.
  5. Ankeny, Jason (27 July 2015). "How This Site Became the Go-To Marketplace for Rare and Antique Goods". Entrepreneur. Retrieved 1 August 2019.
  6. Garrahan, Rachel (18 March 2015). "1stdibs spies jewellery opportunity". The Financial Times. Retrieved 1 August 2019.
  7. Kurutz, Steven (11 March 2016). "Antique Dealers Protest New 1stdibs Rules". The New York Times. Retrieved 1 August 2019.
  8. Little, Rebecca (13 April 2013). "The game-changer for antiques shops". Crain's Chicago Business. Retrieved 1 August 2019.
  9. Danziger, Pamela (15 March 2018). "1stdibs Already Decorates The Homes of The Wealthy; Now It Wants To Fill Their Lives". Forbes. Retrieved 4 August 2019.
  10. Luckel, Madeleine (28 March 2019). "1stdibs Raises $76 Million in Series D Funding". Architectural Digest. Retrieved 2 August 2019.
  11. Roof, Katie (28 March 2019). "Marketplace 1stdibs Grabs $76 Million to Expand Luxury Platform". The Wall Street Journal. Retrieved 2 August 2019.
  12. Green, Penelope (11 February 2019). "1stdibs Inches Closer to the One Percent". The New York Times. Retrieved 1 August 2019.
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