Online sales surge to $41 million in one week at Heritage Auctions amid pandemic concerns
The First Art Newspaper on the Net    Established in 1996 Saturday, November 30, 2024


Online sales surge to $41 million in one week at Heritage Auctions amid pandemic concerns
Benjamin Franklin Pay Document Signed "B Franklin Presidt": $18,750.



DALLAS, TX.- More than 16,000 online bidders proved a global pandemic could not stop the action at 23 auction sessions held April 20-27 as Heritage Auctions brought in more than $41 million across multiple categories.

Spring auctions spanning rare U.S. coins, historical manuscripts and art genres ranging from illustration to modern and contemporary all beat expectations due in most part to a surge in online bidding, said Jim Halperin, Co-founder of Heritage Auctions.

“Heritage was the first auction house to host online bidding in 1999,” Halperin said. “What were once concerns that participation in the middle of a pandemic would hurt the auctions turned into a record-setting number of online bids by more than 16,000 clients all over the world.”

A total of 23 auction sessions generated sales of $41,027,418. Sell-through rate reached 97 percent with more than 16,000 bidders participating across the board. More than 29,831 clients tracked 16,041 lots on HA.com, the auction house’s website, during April 20-27.

The results represent a significant difference between Heritage Auctions and other mainstream auction houses that are just beginning to wade into the world of online sales. Heritage’s year-after-year dominance in the online auction marketplace has been cited by the annual Hiscox Online Art Trade Report, which tracks auction market annual sales.

Design and modern and contemporary art auctions well surpassed expectations with more than $2.6 million in sales, April 20-22. Rare manuscripts, including uncensored campaign notes by President John F. Kennedy, drew more than $1.1 million in bids April 22.

More than $33.6 million in rare coins and currency changed hands April 23-24, even though the auction had to be moved to Dallas, instead of being held at a Numismatic Convention in Chicago.

“Almost all of these sales came from online bidding, and the final price total exceeded our pre-sale estimates by over 10 percent,” Halperin said. “That tells us our clients trust our platform and are very comfortable placing online bids for very valuable objects.”










Today's News

May 4, 2020

Art biennials were testing grounds. Now they are being tested.

Race, loyalty and transparency in an artist's lawsuit

The hidden feats that built New York's towering skyscrapers

Online sales surge to $41 million in one week at Heritage Auctions amid pandemic concerns

Sous Les Etoiles Gallery opens an online exhibition featuring the work of French artist Sophie Delaporte

Sotheby's & Ressence launch a watch design competition, ahead of July charity auction

Rizzoli announces 'Too Fast to Live Too Young to Die: Punk & Post Punk Graphics 1976-1986'

Bonniers Konsthall presents Swedish artist Éva Mag's most extensive exhibition to date

Steidl to publish 'David Goldblatt: Ex Offenders at the Scene of Crime'

Sainsbury Centre's Art Deco by the Sea exhibition featured as BBC iPlayer special

Arkansas Arts Center Delta Exhibition goes digital

One-of-a-kind piece of early Nintendo history scores $28,800

World Illustration Awards 2020 longlist announced

osloBIENNALEN FIRST EDITION presents Public Sounds

Explore Compton Verney exhibitions from home during lockdown

Galerie Parisa Kind opens an exhibition of works by Marcus Gundling

Revered Algerian singer and Berber idol Idir dies at 70

Bolshoi ballet soloists limber up in lockdown

Hamilton Bohannon, driving disco drummer, dies at 78

Amanda Aldous Fine Art launches first online group exhibition in May: Water

Terra Foundation announces $8M COVID-19 relief fund

Iraqis turn to sketches and songs to contain virus

Star filmmakers draw inspiration from Russia lockdown




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Attorneys
Truck Accident Attorneys
Accident Attorneys
Houston Dentist
Abogado de accidentes
สล็อต
สล็อตเว็บตรง
Motorcycle Accident Lawyer

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful