1stdibs

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1stDibs
TypePrivate[1]
IndustryE-commerce
Online marketplace
Founded2001; 20 years ago (2001) in Paris, France[2]
FounderMichael Bruno[3]
Headquarters,
Area served
Worldwide
Key people
David Rosenblatt, CEO
Websitewww.1stdibs.com

1stDibs is an e-commerce company. It has an online marketplace, which sells luxury items such as high-end furniture for interior design, fine art and jewelry.[5][6] The company has been recognized for "pushing the antiques business into the 21st century."[7]

It was founded in 2001 by Michael Bruno as an online luxury marketplace for antiques after he visited the Marché aux Puces in Paris, France.[8] 1stDibs.com started as a listings site for art dealers to sell offline, but the site was redesigned in 2013 to give buyers the option to purchase items online.[2] The company has received praise for restricting its listings to authorized dealers for authenticity,[9] and scrutiny for preventing dealers from completing a negotiation offline to avoid the company's commission fees.[7]

In March 2019, the company completed a Series D funding round of $76 million. It has received $170 million in funding to date and has a valuation of more than $500 million.[10][11] 1stDibs works with 4,000 dealers in 28 countries.[12]

In December 2019, 1stDibs closed its brick-and-mortar location at Terminal Stores after the new owner of the building began a large-scale construction project.[13]

References[edit]

  1. ^ Spero, Josh (17 May 2017). "New kids on the block: rise of the online art auction". The Financial Times. Retrieved 1 August 2019. CS1 maint: discouraged parameter (link)
  2. ^ a b Evans, Katie (28 September 2018). "How 1stdibs.com carved out a luxe e-commerce niche". Digital Commerce 360. Retrieved 4 August 2019. CS1 maint: discouraged parameter (link)
  3. ^ Rosman, Katherine (13 February 2014). "The Treasures of 1stdibs's Michael Bruno". The Wall Street Journal. Retrieved 3 August 2019. CS1 maint: discouraged parameter (link)
  4. ^ Griffith, Erin (9 September 2015). "Exclusive: 1stdibs quietly raised $50 million from Insight Venture Partners". Fortune. Retrieved 3 August 2019. CS1 maint: discouraged parameter (link)
  5. ^ Ankeny, Jason (27 July 2015). "How This Site Became the Go-To Marketplace for Rare and Antique Goods". Entrepreneur. Retrieved 1 August 2019. CS1 maint: discouraged parameter (link)
  6. ^ Garrahan, Rachel (18 March 2015). "1stdibs spies jewellery opportunity". The Financial Times. Retrieved 1 August 2019. CS1 maint: discouraged parameter (link)
  7. ^ a b Kurutz, Steven (11 March 2016). "Antique Dealers Protest New 1stdibs Rules". The New York Times. Retrieved 1 August 2019. CS1 maint: discouraged parameter (link)
  8. ^ Little, Rebecca (13 April 2013). "The game-changer for antiques shops". Crain's Chicago Business. Retrieved 1 August 2019. CS1 maint: discouraged parameter (link)
  9. ^ Danziger, Pamela (15 March 2018). "1stdibs Already Decorates The Homes of The Wealthy; Now It Wants To Fill Their Lives". Forbes. Retrieved 4 August 2019. CS1 maint: discouraged parameter (link)
  10. ^ Luckel, Madeleine (28 March 2019). "1stdibs Raises $76 Million in Series D Funding". Architectural Digest. Retrieved 2 August 2019. CS1 maint: discouraged parameter (link)
  11. ^ Roof, Katie (28 March 2019). "Marketplace 1stdibs Grabs $76 Million to Expand Luxury Platform". The Wall Street Journal. Retrieved 2 August 2019. CS1 maint: discouraged parameter (link)
  12. ^ Green, Penelope (11 February 2019). "1stdibs Inches Closer to the One Percent". The New York Times. Retrieved 1 August 2019. CS1 maint: discouraged parameter (link)
  13. ^ Luckel, Madeleine. "1stdibs Shutters Gallery, Michael S. Smith Debuts Direct-to-Consumer Line, and More News This Week". Architectural Digest. Retrieved 2020-07-30.

External links[edit]