Superior Galleries Realizes Strong Prices in March 30-31, 2006 Santa Clara Elite Auction.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- Superior Galleries, Inc. ("Superior") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SPGR) announced today the results of its March 30-31, 2006 Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. Elite Auction. Anchored by private collections including the Megan Collection and The Property of a Lady, prices realized from this successful auction were $2,439,906, inclusive of inclusive of prep. Taking into consideration or account; including. the buyer's premium, which was in excess of the pre-sale high estimate for the entire sale. The Auction, held in conjunction with the Santa Clara Coin Expo, for which Superior is the official auctioneer AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale. 2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208. 3. , was a resounding re·sound v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. success, with almost 75% sold by lot and dollar value. Some highlights of this auction include: Lot 437 1879 $4 PCGS PF62 Flowing Hair $138,000 Lot 488 1797 $10 Capped Bust PCGS AU55 $126,500 Lot 407 1909 Quarter Eagle PCGS PF65 $47,150 Lot 29 1851 Seated Dollar PCGS MS60 $46,000 Lot 412 1915 Quarter Eagle PCGS PF66 $39,100 Lot 539 1909 Double Eagle PCGS PF64 $39,100 Lot 62 1870-CC Seated Dollar PCGS MS63 $36,800 Lot 302 1889-CC Morgan Dollar NGC MS63 $33,350 Lot 30 1852 Seated Dollar PCGS AU53 $32,200 Lot 52 1864 Seated Dollar PCGS MS65 $32,200 Commenting on the Superior Santa Clara Elite Auction, Executive Vice President and COO Larry Abbott said, "We are delighted to have built upon the outstanding results of our January 2006 Orlando and February Beverly Hills Elite Auctions with this third successful auction in three consecutive months. We attribute the unqualified success of this auction to the large number of fresh, private collections that were entrusted to us by our clients, especially the Megan Collection of Double Eagles and the beautiful coins in The Property of a Lady consignment The delivery of goods to a carrier to be shipped to a designated person for sale. A Bailment of goods for sale. A consignment is an arrangement resulting from a contract in which one person, the consignor, either ships or entrusts goods to another, the . We are now concentrating our efforts on our May Beverly Hills Elite auction, to be held immediately prior to the Long Beach Expo. The number of fresh, old-time collections consigned to this sale is nothing short of impressive, and I expect our gallery to be packed with enthusiastic bidders during the sale. It will be a terrific auction, perhaps our best of the year, and I encourage collectors and dealers to take the time to view lots prior to the sale in our newly renovated facility. It is a beautiful space, and any time spent previewing this sale will be time well spent." For further information about this Beverly Hills Elite Auction or to consign consign v. 1) to deliver goods to a merchant to sell on behalf of the party delivering the items, as distinguished from transferring to a retailer at a wholesale price for re-sale. Example: leaving one's auto at a dealer to sell and split the profit. to Superior's future Elite Auctions, please contact Paul Song, Vice President of Auctions at 310-203-9855 or paulsong@sgbh.com. Superior Galleries, Inc. is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , acting as a dealer and auctioneer in rare coins and other fine collectibles. The firm markets its products through its prestigious location in Beverly Hills, California and the company's web site at www.sgbh.com. Included in this release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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, including express and implied statements concerning future growth potential, future revenues, income, results of operations, expansion plans and expectations. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that the expectations reflected in such forward looking statements will prove to have been correct. These forward-looking statements are subject to certain risks and uncertainties, including market and other conditions that may affect our ability to expand our auction and dealer activities and control our operating costs operating costs npl → gastos mpl operacionales and risks identified in our SEC filings. 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, operating costs, distribution and competition trends, consumer preferences and other market factors. Past sales performance may not be indicative of future results. No assurances are given that sales trends or sales performance on behalf of consignors or customers will continue. |
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