Proof of Usefulness Report

LiveAuctioneers

Analysis completed on 1/25/2026

+765
Proof of Usefulness Score
Unicorn Utility

LiveAuctioneers is a verified industry leader in the online art and collectibles market, evidenced by its $525M acquisition by Auction Technology Group in 2021 and over $12B in facilitated sales. While the submission itself was of low quality (containing hyperbolic claims like 'everyone' and lacking technical detail), the underlying business metrics—5M+ monthly visits, ~$30M+ annual revenue (FY20), and 100+ employees—demonstrate exceptional real-world utility and traction. The score reflects a highly successful, mature platform, penalized slightly only for the lack of specific technical insights in the submission.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+180.0
Technical Innovation+52.5
Evidence Of Traction+245.0
Market Timing Relevance+85.0
Functional Completeness+5.0
Subtotal+805
Usefulness Multiplierx0.95
Final Score+765

Project Details

Description
LiveAuctioneers is the leading marketplace for fine art, collectibles, furniture, and jewelry. \n\nFounded in 2002, LiveAuctioneers was the first in the industry to introduce mobile bidding, video streamed auctions, and more. LiveAuctioneers helped facilitate nearly $12 billion of sales by connecting millions of the world’s most knowledgeable collectors with more than 6,000 passionate sellers of extraordinary items.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline