Superior Galleries Realizes Strong Prices in September 10-12, 2006 Beverly Hills 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 September 10-12, 2006 Beverly Hills Elite Auction. This event was anchored by collections including the Good River Collection III, the Rosene Collection III, and the Dr. Eugene Goertzen Collection. Prices realized from this successful auction totaled $4,110,880, inclusive of inclusive of prep. Taking into consideration or account; including. the buyer's premium. Some highlights of this auction include: Lot # Description Price realized 2369 1907 $20 High Relief PCGS MS67 $184,000 2532 Hawaii Barber Hub Impressions $115,000 2296 1803 $20 Capped Bust small stars NGC MS64 $109,250 2247 1879 $4 Stella NGC PF60 $96,600 2291 1795 $20 capped bust NGC MS61 $89,700 2534 1883 Hawaiian Eighth Dollar PCGS PF66 $87,400 2439 1851 U.S. Assay Office $50 slug Kagan plate coin $47,725 1326 1795 Flowing Hair Dollar 2 leaves $44,850 2135 1864 $2.50 PCGS AU55 $35,650 1897 1911 China Pattern Dollar $22,425 Commenting on the Superior Beverly Hills Elite Auction, Executive Vice President and COO Larry Abbott said, "We are very pleased to have built upon the outstanding results of our May Beverly Hills Elite Auction and August Denver Elite Auction, with this third successful auction in five months. We attribute the successful sale of nearly $22 million in value in these past three sales to the fact that we have attracted a large number of consignments that are completely fresh to the market. Fresh consignments generate bidder excitement, and this has been the key to our success. The Dr. Eugene Goertzen Collection of Hawaiian coins is an excellent example of such a fresh consignment. This collection saw some truly astounding a·stound tr.v. a·stound·ed, a·stound·ing, a·stounds To astonish and bewilder. See Synonyms at surprise. [From Middle English astoned, past participle of astonen, prices for Hawaiian Coinage coinage Certification of a piece of metal or other material (such as leather or porcelain) by a mark or marks upon it as being of a specific intrinsic or exchange value. Croesus (r. c. , including an 1883 Eighth Dollar PCGS PCGS Professional Coin Grading Service PCGS Placer County Genealogical Society (California) certified PF66, which sold for $87,400." Mr. Abbott continued, "We are now concentrating our efforts on our November 16-17, 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, to be held in conjunction with the Santa Clara Show, where Superior Galleries is the official auctioneer. That event will feature the $1 million Nevada Collection, which is filled with hard-to-find collector coins, and will be sold completely without reserve. Our November 2006 Santa Clara Auction currently has more value consigned to it than any past Superior Galleries Santa Clara auction. It should be a very exciting event." 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 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion