Rob Weisberg Appointed Chief Executive Officer and Member of the Board of Directors of Auction Holdings, Inc. (AHI)

Former Chief Operating Officer Promoted to CEO as the Company Continues its Aggressive Growth and Expansion in the Online Auction Marketplace

BOSTON--(BUSINESS WIRE)--Today, Auction Holdings, Inc. (AHI), the world’s largest online live auction marketplace, announced that Rob Weisberg has been appointed Chief Executive Officer. Prior to joining AHI as its Chief Operating Officer in 2012, Weisberg was the Chief Marketing Officer at Zipcar, the world’s leading car sharing service, where he led the company to 730,000 members and through its successful IPO in 2011.

“I have enjoyed working with the terrific team at AHI, and am thrilled to be leading the company during such an exciting time in the global auction marketplace”

“Rob brings the precise mix of passion for the business, strategic insight, and ecommerce know-how that I have been seeking to guide AHI over the next decade of growth as we continue to deliver unparalleled consumer marketing expertise and valuable Internet technology to the live auction industry,” said Adam Kirsch, AHI’s Chairman and founder, and previously, one of the founders of Bain Capital. “Rob’s track record as AHI’s COO, combined with his successful tenure as CMO at Zipcar and Domino’s Pizza, where he led the introduction of online ordering, have proven that he is the right person to lead our company and leverage the staggering growth and adoption of tablets, mobile devices and online payments that will revolutionize the live auction market.”

“I have enjoyed working with the terrific team at AHI, and am thrilled to be leading the company during such an exciting time in the global auction marketplace,” said Rob Weisberg. “Each year, the Auction Holdings platform offers dealers and collectors unmatched access to millions of rare collectible, art and antique items from more than 25,000 auction houses globally. As we continue to innovate through our proprietary technology and solutions, we have just scratched the surface of the large, fragmented global live auction market.”

About Auction Holdings, Inc.

Auction Holdings, Inc. is the world leader in developing SaaS and ecommerce applications for the auction industry. Comprised of Auctionzip.com, Artfact.com, Invaluable.com and RFC Systems, Auction Holdings is the world’s largest live auction marketplace, reaching over 30 million unique bidders a year, and serving more than 25,000 individual auction houses globally. For additional information, visit www.artfact.com.