Capital Art Sells Open Edition Lithographs on www.fab.com
June 20 2012 - 9:00AM
Marketwired
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."
About www.fab.com
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.
www.CapitalArt.com
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.
Sarah O'Donnell Tel: 310.202.7166 Fax: 310.202.7156
Sarah@CapitalArt.com 6150 Washington BLVD Culver City, CA 92032