SOURCE: WorthPoint

December 09, 2009 13:26 ET

WorthPoint and Terapeak Extend Partnership

Offer Powerful Joint Data Service to Collector Community on eBay

ATLANTA, GA--(Marketwire - December 9, 2009) - Fresh on the heels of its mobile application launch, WorthPoint Corporation on Wednesday announced an important expansion of its partnership with Terapeak -- the industry leader in eBay research and education. In addition to a data licensing agreement announced earlier this year, the two companies have teamed up to develop and market a powerful new tool for eBay users.

Called Terapeak Collectibles, this new application leverages the brands of both Terapeak and WorthPoint in providing unlimited access to WorthPoint's Worthopedia -- the premier online antiques and collectibles database consisting of detailed descriptions, images and realized prices for more than 50 million unique items.

The Worthopedia content is organized in a unique taxonomy structure and covers all categories of items -- from ceramics, to stamps, coins, fine art, sports memorabilia, etc. WorthPoint has compiled this database from multiple sources including eBay, leading auction house listings, and online marketplaces. eBay users who subscribe to the joint Terapeak-WorthPoint service will be able to instantly obtain sales/price record detail on any items of interest plus gain valuable insight from analytics that will allow them to fully monetize collectible assets.

The offering was developed specifically for the eBay Selling Manager Applications platform utilizing WorthPoint's rich content and Terapeak's delivery channel. It is available now on a subscription basis to eBay members, and it may be extended to other Internet-based distribution points in the future.

"This is an ideal partnership in every sense of the word," said WorthPoint CEO Will Seippel. "Part of our task in growing WorthPoint is selecting the right partners that can make our content available to the people who need it most. With its strength in eBay user knowledge and relationships, Terapeak is ideally positioned to help us expand our user franchise."

Fred Speckeen, CEO of Terapeak's parent company, Advanced Ecommerce Research Solutions (AERS), added, "This is an especially exciting launch for us. We believe WorthPoint's unique approach to antiques and collectibles data aggregation and organization will provide an excellent value for the eBay Collector community."

About WorthPoint

Atlanta-based WorthPoint Corporation (www.worthpoint.com) is the premier online provider of sales records and associated information on art, antiques and collectibles with its vast database aggregated from eBay, leading auction houses and online marketplaces. Founded in 2007, WorthPoint has quickly become the world's primary resource for researching items and assessing their value. It helps collectors understand the worth of items; provides expert advice from its international team of Worthologists on preserving, buying or selling them; and helps connect trading partners. In the fall of 2008, WorthPoint acquired Dublin, Ohio-based GoAntiques, the oldest antiques-and-collectibles marketplace site on the Web. Recently, the combined sites broke into the Quantcast Top 1000 ranking. In December 2008, WorthPoint signed a seven-year data licensing partnership agreement with Terapeak, the industry leader in eBay research and education. This was followed by an additional agreement in May 2009 for the joint product offering recently launched on eBay. For more information: www.worthpoint.com

About AERS/Terapeak

Advanced Ecommerce Research Systems Inc. (AERS) (www.researchadvanced.com) is a fast-growing, privately-held e-commerce data and analytics company. The company has two strategic business units, Terapeak (www.terapeak.com) and ResearchAdvanced, which deliver data and analytics based on huge transactional data sets, including eBay. Today, AERS is eBay's only market data reseller, and has established itself as the pre-eminent provider of the most up-to-date, thorough, and relevant online marketplace statistical reporting available. Currently, AERS websites receive more than one million page views per month. For more information: www.terapeak.com

Contact Information

  • News Contacts

    WorthPoint
    Stephen Johnson
    (703) 547-6754 (o)
    (703) 798-5236 (c)
    Email Contact

    AERS/Terapeak
    Denise Hogue
    (250) 483-3295 (o)
    (250) 661-6117 (c)
    Email Contact