Cove Hill Partners to invest in LiveAuctioneers.

LiveAuctioneers, an online live-auction source for fine and decorative art, antiques, jewelry, and vintage collectibles, has received a strategic investment from Cove Hill Partners, a long-term-oriented private equity firm that manages over $1bn from its investors and founders. Financial terms were not disclosed. Cove Hill's financial commitment will enable deep investment in technology solutions for auction houses, including mobile advertising, custom websites, inventory management, and after-sale processes. Building on the recently announced "Live-to-eBay" partnership that enables after-auction sales to instantly move the venue from LiveAuctioneers.com to eBay.com, LiveAuctioneers will also continue to innovate with creative marketing to reach new buyers worldwide. "LiveAuctioneers excels at bringing new and high-quality buyers to auction houses. We were first-to-market with mobile apps, live-auction video streaming, cryptocurrency acceptance, and easy online payments. We also lead the industry with search alerts, timed auctions that feel like live events, and after-sale buy-it-now programs. We will keep innovating so that buying through LiveAuctioneers continues to be a best-in-class experience." Phil Michaelson, LiveAuctioneers CEO