The Biggest Contemporary Art Auction with 50,000 lots through July 10th

PicassoMio invites clients to bid for any of its 50,000 artworks valued at over $200 million, by emerging and master artists including Warhol and Hirst, with attractive conditions for collectors.

Boca Raton , FL, June 19th, 2007: PicassoMio, known as the most innovative and popular gallery in the world, is offering its clients the opportunity to bid on any of the 50,000 artworks available in its online catalog, www.PicassoMio.com, until July 10th. This offer applies to PicassoMio's entire collection of modern and contemporary art, including limited edition graphic prints, sculptures, paintings, and photography by more than 5,000 international artists.

This auction will encourage both new art buyers and experienced buyers to buy art through PicassoMio's website and by telephone.

PicassoMio's bidding system differs from that of traditional auction houses in that an artwork will be sold to the first client to bid above the reserve price, while in auction houses the artwork is sold to the highest bidder. PicassoMio will provide the list prices of each of its artworks so that the clients are aware of the value of the artwork for which they are bidding. If they prefer, they can also buy at the list price without bidding.

As with all auctions, a percentage will be added to the hammer price. In the PicassoMio auction, this percentage will be 10%, which is less than that of other major auction houses.

"This limited-time auction offers our clients the possibility to acquire pieces by artists like Warhol, Lichtenstein and Picasso, as well as artworks by thousands of emerging artists, at below-market prices. With this initiative, we're not only offering price advantages, but we're also promoting our more than 5,000 international artists," said Allan Majotra, Managing Director, PicassoMio.

Artworks available at PicassoMio.com

For more information and images, please contact us at press@picassomio.com

Artworks picture above, from left to right: (1) Lysergic Acid Diethylamide by Damien Hirst, Graphic Print. Lambda on Gloss Fuji Archive. Edition (300). Signed. Year: 2000.

(2) Pantomime by Marc Chagall, Graphic Print. Lithograph on Velin Arches Paper. Artist's Proof. Image Size: 40 x 31cm. Signed in Pencil. Year: 1972

(3) Refuge by Shelley, Painting. Oil on Canvas. Signed. Year: 2007

About PicassoMio.com/PicassoMio Galleries

With a presence in Europe and the U.S., PicassoMio.com / PicassoMio Galleries is an art company that operates the leading online gallery. In operation since 2000, PicassoMio.com has sold contemporary art by over 4,000 artists to clients in over 50 countries. The gallery's sales are growing at a rate of over 50% per year.

At PicassoMio.com, one can find curated , one-of-a-kind or limited-edition works, including paintings, graphic prints, photographs and sculptures, by modern masters, such as Matisse, Chagall and Miro; contemporary masters, such as Hirst, Hockney and Wegman, and hundreds of extraordinary emerging artists. Their current catalog online includes more than 50,000 different artworks valued at $200 million, with prices ranging from $100 to $100,000.

Every month PicassoMio.com receives approximately 1 million visitors and serves over a hundred clients. The average order size is approximately $1,500. Clients include private parties, businesses and trade companies, including interior designers and galleries and dealers. Customers are served by art consultants, all of whom have significant art business and art history experience.

The website's powerful art search engine allows buyers to find the artwork of their choice by selecting from medium, style, theme, colour, price, etc. All clients are also assured of a 7-day, no-questions-asked return policy. The company contributes 5% of its gross profits, in cash or kind, back to the art world.

In 2005, El País called PicassoMio Gallery "the world's biggest gallery", Emprendedores magazine selected PicassoMio.com as one of the "100 Best Companies", the Wall Street Journal's Smart Money magazine selected PicassoMio.com as the only recommended art website, and Financial Times called PicassoMio.com the "Amazon.com" of the contemporary art scene.

In 2007, PicassoMio Europe was ranked as one of the Top 50 companies by the European Tech Tour. In 2004, the company was nominated as a finalist for FAST50, organized by Fast Company magazine, and was selected for the Gate-2-Growth forum, sponsored by the European Commission. In 2001, PicassoMio Europe was nominated as a finalist in the pan-European "Milestones" Business Awards. PicassoMio has also been recommended by the New York Times, Architectural Digest, Real Simple magazine and ArtsWorld TV , amongst others.

PicassoMio was founded by Allan Majotra and Nicholas Marchalleck and has offices and galleries in Miami and Madrid. In 2007, PicassoMio plans on expanding into new markets, such as design and furniture, crafts and jewellery, fashion and other similar markets to become the one-stop gallery for the complete range of curated high-end arts.