1stdibs.com Inc. is an American online marketplace for luxury goods, including furniture, fashion, fine art, and jewelry. The platform provides a venue for dealers and sellers to list and sell their products to buyers globally. The company was founded in 2001 by Michael Bruno and is based in New York City. Initially, the company operated as a platform for antique dealers, but it has since expanded to include modern and contemporary art and design.
1stdibs.com's business model is based on charging dealers and sellers a commission on sales, with commissions ranging from 10% to 15%. The company also offers additional services to its sellers, such as white-glove delivery and installation, as well as marketing and advertising. Buyers can purchase items directly through the platform or make an offer, which the seller can accept or decline.
1stdibs.com has become a popular platform for designers and architects, who use the site to source unique and rare pieces for their clients. The company has also attracted high-end buyers, including celebrities and royalty, due to its unique and exclusive product offerings. In recent years, the company has expanded its offerings to include more contemporary pieces and has also launched its own private label furniture line.
In 2015, 1stdibs.com received a $15 million investment from Benchmark Capital, a venture capital firm that has also invested in companies such as Uber and Snapchat. The company has since raised additional funding, bringing its total funding to over $250 million. As of 2021, the company has over 4,000 dealers and sellers from around the world, and its platform features over 1 million items for sale.
1stdibs.com has been recognized as a leader in the luxury e-commerce space and has won numerous awards, including a Webby Award for Best E-Commerce Site in 2014. The company has also been featured in publications such as The New York Times, The Wall Street Journal, and Architectural Digest.