Saatchi Online Revamped as Social Marketplace for the Discovery and Purchase of Art from Emerging Artists

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LOS ANGELES, Ca.- Saatchi Online, which re-launched in beta five months ago, now begins connecting its 100,000+ artists with potential buyers who have been visiting the site in growing numbers since October 2010. On March 16, 2011, Saatchi Online started selling pieces of artwork from emerging artists. Saatchi Online offers the highest earnings in the industry, giving 70 percent to the artist. Saatchi Online manages all aspects of transactions and logistics from artists to buyers. The site even offers a seven-day money back guarantee, no matter the initial cost of the piece. Other unique features of Saatchi Online include… Charles Saatchi, who originally conceived of the site, remains a major shareholder along with Balderton Capital. The site has been completely reconceived under the direction of former iStockphoto founder and CEO, Bruce Livingstone. The new social marketplace quickly attracted 100,000 new artists bec