Message #24 From:
NewsBot Date: November 21, 2006 05:00:00 AM
SPGR News Superior Galleries Reports Prices Realized of $3.5 Million in Record November 16-17, 2006, Santa Clara Elite Auction
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Superior Galleries, Inc. ("Superior") (OTCBB:SPGR) announced today the
results of its November 16-17, 2006, Santa Clara Elite Auction.
Anchored by the notable Nevada Collection, which sold without reserve,
prices realized from this successful auction were $3,543,914, inclusive
of the buyer's premium. The November 2006 Santa Clara auction was the
most successful Santa Clara Elite Auction ever held by Superior
Galleries. This event, held in conjunction with the Santa Clara Coin
Expo, for which Superior is the official auctioneer, was a resounding
success, with more than 80% sold by dollar value and nearly 90% by
number lot of lots.
Some highlights of this auction include:
Lot 198
1834 $5 Capped Head NGC MS65
$
168,000
Lot 1533
1839 Gobrecht Dollar NGC PF66
$
155,250
Lot 399
1866 Motto $20 PCGS MS64
$
96,600
Lot 288
1796 $10 Capped Bust NGC AU58
$
74,750
Lot 289
1799 $10 Capped Bust NGC MS64
$
73,025
Lot 653
1915-S Pan-Pac $50 Round PCGS MS62
$
58,075
Lot 2098
1901 Morgan Dollar PCGS MS64
$
45,137
Lot 406
1870 $20 PCGS MS63
$
40,250
Lot 961
1798 Draped Bust Dime NGC MS65
$
36,225
Lot 290
1800 $10 Capped Bust NGC MS61
$
35,650
Commenting on the Superior Santa Clara Elite Auction, Executive Vice
President and COO Larry Abbott said, “We are
delighted to have had the opportunity to offer the esteemed Nevada
Collection, along with numerous other private consignments, in this
successful auction. We have been building our Santa Clara Elite Auctions
to become `must-attend' auction events, and our past two auctions in
Santa Clara have exceeded all of our prior expectations.”
For further information about this Beverly Hills Elite Auction or to
consign 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, 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” 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 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.
