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Capital Art Sells Open Edition Lithographs on www.fab.comDaily Deal Sites Prove to Be Successful in Finding a Wider Range of Collectors (June 20, 2012)
LOS ANGELES, CA -- (Marketwire) -- 06/20/12 -- The unique collection of iconic photos from the Golden Era of Hollywood taken by Frank Worth is finding an ever greater audience of collectors and aficionados. Once only available at select galleries, Capital Art, Inc. (PINKSHEETS: CAPA), has recently made select prints available on the daily deal site, www.fab.com.
The sales proved highly successful with over 1,000 lithographs being sold in just a few days.
Sean Goodchild, CEO of Capital Art, Inc., commented: "We are very excited that our initial sale on www.fab.com proved to be such a huge success and we look forward to further sales on this great site. The sale proves that there is a large market for these iconic photographs and sites like these are an easy way for us to reach a larger audience of collectors. We are hopeful to carry out a similar sale in the near future with ready-to-hang quality canvases."
www.fab.com is an internet marketplace designed for discovering the latest in art and design. Fab's website and mobile apps offer exclusive access to daily curated design sales featuring both emerging designers and iconic design brands.
About Capital Art, Inc.
Capital Art, Inc. (PINKSHEETS: CAPA) acquires editions and manages some of the most valuable iconic photographic images and internationally markets limited editions and reproductions created from the original negatives. The company also makes available images for publications and merchandize.
Capital Art sells and distributes classic and contemporary limited edition photographic images and reproductions with a focus on iconic celebrity images. The company already owns and/or manages an amazing array of valuable photography including the works of the late Frank Worth who was "confidant to the stars" during the golden era of Hollywood.
Investment in iconic photographic images is increasingly becoming an important component for a growing number of art collectors and investors. As photography is becoming an asset class in its own right, and with a rapidly growing middle class, the demand for iconic images should continue to increase with little new material coming to the market
The Frank Worth Collection is composed of over 5,000 analog negatives, which also have an increasing intrinsic collectors value themselves, as digital reproduction has virtually replaced the use of original negatives.
Christie's of London, a leading auction art house, heralded the Frank Worth collection as "The most significant find of its kind in the last 50 years"
The company maintains a flagship gallery/showroom in Los Angeles.
Capital Art aims to become a leading force in the international management/distribution of iconic photographic art.
The foregoing press announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Management's expectations could be affected by, among other things, uncertainties relating to our success in judging consumer preferences, financing our operations, entering into strategic partnerships, engaging management, seasonal and period-to-period fluctuations in sales, failure to increase market share or sales, inability to service outstanding debt obligations, dependence on a limited number of customers, increased production costs or delays in production of new products, intense competition within the industry, inability to protect intellectual property in the international market for our products, changes in market condition and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the statements are made.
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