Heritage Auctions’ 2016 performance as a company achieved some
numbers that might look familiar.
In 2016, more than $850 million changed hands between Heritage and
collectors in all of the hobbies it serves, falling only slightly
short of the firm’s $860 million total for 2015.
It was the company’s third-best year ever in terms of prices
realized, according to the firn.
Of the $850 million worth of items sold by Heritage in 2016, more
than $190 million worth were U.S. coins. The Professional Numismatists
Guild annual survey reports the Heritage total is 56 percent of the
entire U.S. coin auctions market for 2016.
Heritage's world coin auctions chipped in $47 million, while the
paper money auctions hauled in $29 million.
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January 2017 saw $70 million in prices realized for the firm, which
includes the 2017 FUN convention auctions.
Heritage, which just opened a new Chicago office, deals in
all sorts of collectibles. Of the $850 million, fine art made the
biggest leap, jumping 28 percent in total sales from 2015 to 2016.
Heritage co-chairman James Halperin touted his firm’s transparency
and overall client-oriented approach.
“Through diversity, transparency and ardent attention to our
clients, Heritage solidified and increased its commanding lead as the
largest auction house founded in America,” Halperin said.
Below are some other notable categories that helped Heritage record
its third-strongest year ever:
— Heritage’s Sports auctions grew from
$42 million in 2015 to $57.4 million in 2016.
Comics and Comic & Animation Art Auction category saw prices
realized jump from $34 million to a record $43 million.
Jewelry, Timepieces and Luxury Accessories at Heritage combined for
more than $41.7 million in auction totals, versus more than $26
million in 2015.
Halperin said he is encouraged with last year’s sales, and
anticipates a fruitful 2017, too.
“We are already seeing extremely positive results from the first
coin auctions of the year,” he said. “Meanwhile, our plans to expand
into other markets and geographic regions are on track.”