WorthPoint announced it has signed a seven-year partnership agreement with Terapeak, which provides eBay trending data including average pricing and sell-through rates on eBay. Terapeak will provide WorthPoint with eBay's entire daily sales of antique and collectible data for inclusion in WorthPoint's database. Terapeak will re-sell WorthPoint's knowledge-based products, which include expertise provided by Worthpoint experts, called "Worthologists."
WorthPoint CEO Will Seippel said, "WorthPoint's database already houses 30 million items, and we have become the largest repository of art, antiques and collectible data in the world. WorthPoint has data from more than 500 auction houses and millions of products sold for retail. eBay data will now complement this database, so that consumers, collectors, dealers and others will be able to accurately assess the value of most any item." Seippel said that the partnership with Terapeak is a major element in a significant WorthPoint product rollout slated for late January. WorthPoint recently acquired the online antiques mall GoAntiques.com.
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