WorthPoint, an online resource database for identifying, researching and valuing antiques, art, and vintage collectibles, announced on Monday the launch of its Regulation CF offer on 99Funding. The company reportedly conducted a Testing the Waters (TTW) campaign on its own website and SeedInvest. The initiative’s escrow target is $100,000.
WorthPoint revealed its mission is to be an indispensable tool for people buying and selling antiques and collectibles; just as Kelley Blue Book is to auto traders and the Bloomberg systems are for the NASDAQ.The company stated it combines data and technology to improve the transparency of trading in the collectibles and antique markets. It was revealed:
“Our suite of online and mobile offerings consists of an extensive database, a detailed catalog of Makers Marks and other identifying indicators, as well as access to a library of reference books and price guides from leading publishers in a wide range of antiques and collecting categories.”
WorthPoint also shared it developed a state-of-the-art, online database system, Worthopedia, which is designed to connect dozens of auction houses, including eBay and Heritage, with the most efficient instant pricing data for antique and collectibles in the world. WorthPoint currently hosts more than 300 million items with 500 million images. Chairman and WorthPoint CEO William H. Seippel, stated:
“This is an exciting day for WorthPoint as it gives us the opportunity to share our vision and hard work with millions more people. We love what our platform has done to help people and the resources we provide them, and now we’re thrilled to offer securities in our company to our current users and new investors.”
Funds from the campaign will be used to expand WorthPoint services and operations.
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