Amazon.com and Tangible Asset Galleries Makes History Hosting Net's First Simultaneous Live and Online Auction.LAGUNA BEACH Laguna Beach (ləg  `nə), city (1990 pop. 23,170), Orange co., S Calif., on the Pacific coast; founded 1887, inc. 1927. , Calif.--(BUSINESS WIRE)--Nov. 17, 1999-- Company's Fine Art & Antique Auction Leads Industry Into New Form Of Auction Tangible Asset Tangible Asset An asset that has a physical form such as machinery, buildings and land. Notes: This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. Galleries (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TAGZ) Wednesday announced that it is hosting the Internet's first ever simultaneous online and live auction in the fine arts. The auction will feature rare, turn-of-the-century antique lamps and decorative items. The auction will be conducted "live" at the company's Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif., showroom. The simultaneous online portion of the auction will be hosted on Amazon.com's (Nasdaq:AMZN AMZN Amazon.com (NASDAQ symbol) ) site, www.amazon.livebid.com, as well as Tangible Asset Galleries' auction site, www.tagzinc.com. Silvano DiGenova, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Tangible Asset Galleries commented: "We are extremely pleased to host our live and online auction. Once again, we believe that we are on the cutting edge of our industry by making this the Internet's first auction that is live and accessible to our Web customers as well. "When we launch our auction site earlier this year, TAGZ believed that this is where the industry was headed. We have seen several web sites created over the last few months including Art.com, leading consumer brand of Getty Images Inc. (Nasdaq:GETY), PaintingsDirect.com and Onview.com that deal with the sale of fine art online. TAGZ is pleased to see that our prediction for the online art industry was correct." "We led the industry in the online offering of fine art and collectibles and now lead the industry in our newest form of auction. Once again, TAGZ has beat other auction houses such as eBay.com (Nasdaq:EBAY), Sotheby's and Christies with our live/online auction. "In addition, this auction will offer consumers a chance to view and purchase high end items that are typically not offered on the other online auctions sites like Ubid.com (Nasdaq:UBID), OnSale.com (Nasdaq:ONSL ONSL Old North St. Louis (neighborhood just north of downtown St Louis, MO) ONSL Optical Network Simulation Layer (VPI) ONSL Organization Nationale des Syndicats Libres ), or Excite.com Auctions from Excite@Home (Nasdaq:ATHM ATHM Excite@Home (NASDAQ symbol) ATHM Alternative Therapies in Health and Medicine ATHM American Textile History Museum (Lowell, MA) )." The TAGZ elite auction will feature antiques collectively worth more than $1 million. This includes prized antique lamps, an array of fine art, including a selection of museum quality paintings by leading European and American artists About Tangible Asset Galleries Inc. Tangible Asset Galleries Inc. is a dealer in rare coins, fine art and other rare collectibles. The company's chairman has been one of the pioneers of the industry since 1977. The company operates in several different sectors of the art and rare coin business including: fine art retail sales, fine art wholesale, rare coins retail and rare coins wholesale. Tangible Asset Galleries has entered the Internet sector by launching an online auction forum, www.Tagzinc.com. Founded in 1984, Tangible Asset Galleries has established marketing plans for each of its targeted sectors. In addition, the company has a management team of seasoned and well-known officers. DiGenova, founder of Tangible Asset Galleries, also co-founded the Professional Coin Grading Service The Professional Coin Grading Service (PCGS) is a third-party appraisal service for grading rare coins. It determines the condition and authenticity of each coin it grades to provide consumers with an independent knowledgeable rating on which to judge the coin. (PCGS PCGS Professional Coin Grading Service PCGS Placer County Genealogical Society (California) ), one of the leading independent rare coin authentication and certification services. Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors including sales levels, distribution and competition trends and other market factors. |
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