Heritage Auctions records second-biggest annual total in company history



2016-01-06 11:33:40

Heritage Auctions has released its final figures for 2015, which proved to be the second-biggest year in the company's history.

Across the board, Heritage auctions and private treaty sales realized a combined total of $860 million, with major annual increases in several categories.

"We still see nothing but upside in most sectors of our business," said Steve Ivy, CEO of Heritage. "Coins always have and always will be the soul of our business, and overall the market is still quite healthy. Our new international offices allow us to raise our profile as a business while making sure collectors all over the world can access our expertise."

The company's sales of U.S coins brought more than $254 million, followed by World & Ancient Coins sales which totalled over $43 million and U.S. Currency which fetched an annual total of $36 million.

Heritage also saw increases throughout all areas of the sports collectibles market, with game-used memorabilia and trading cards achieving record prices throughout the year.

"When we look beyond our legacy categories in Numismatics and Currency, the total prices realized in Sports memorabilia are the most impressive overall. Our sports department showed growth in every segment, posting especially impressive growth in online-only catalog auctions."

Heritage's sports collectibles sales brought a total of over $42 million, an annual increase of 41% and more than double the taking of its nearest competitor in the category.

Major sports memorabilia sales in 2015 included the gloves worn by Muhammad Ali and Sonny Liston during the infamous 1965 'Phantom Punch' bout, which sold for $956,000; a Babe Ruth bat attributed to his 59th home run of the season in 1921, which realized $717,000; and 1955 Sandy Koufax game worn Brooklyn Dodgers rookie jersey which fetched $573,600.

The company's Comics and Original Comic Art department saw a 10% increase on figures from 2014, with its annual total of more than $34 million once again outselling all other U.S comic auctioneers combined.

There were also robust results throughout 2015 for the Fine and Decorative Arts department which achieved more than $39 million; Fine Jewelry and Luxury Accessories, which totalled $26 million; Movie Posters ($7.4 million); Americana and Political memorabilia $5.2 million); Manuscripts ($5 million); Rare Books ($4.2 million); and Nature & Science ($3.3 million).

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