Lauritz.com capitalizes on the trend of digitalization and online trading by consolidating the fragmented and mainly physical auction house market in Europe and converting it into online auctions.
We focus on the large middle-market segment with a value between DKK 800 and 50,000. This segment positions Lauritz.com between peer-to- peer platforms with high volume at low prices and the fine art market with low volume and high prices.
Sourcing of items from local sellers is achieved through a combination of acquiring traditional physical auction houses, starting new auction houses and establishing partner-run auction houses within a franchise-like model.
Currently, Lauritz.com has 12 auction houses located in Denmark and Belgium and further growth is expected to come from consolidation in current and new markets.