Heritage Claims Online Sales Crown (2015 = $344m)

Heritage, the Dallas auction house that is a monster in the coin and collectibles market, wants you to know that they’re an online powerhouse. Clearly miffed by the coverage of the Paddle-ata merger yesterday, the firm released this chart this morning (above) along with some commentary from founder and chairman, James Halperin:

Heritage’s online auction sales in 2015 were $344 million, and are already more than $160 million in 2016. Out of total sales last year of more than $850 million, and approximately $310 million during the first 4 months of 2016, Heritage auctions has now recorded more than $500 million in online auction sales from in those past 16 months alone.

“No one else even comes close to our reach online,” said Jim Halperin, Co-Founder of Heritage Auctions. “Heritage is the most transparent of any auction platform available to bidders online. In addition to offering our bidders free third-party pricing and rarity research data in categories representing most of our sales volume, Heritage auctioneers never employ chandelier bids, and we publish and display all consignor reserves online from 3 to 7 days prior to the auction’s close. No one else in our field operates with so much transparency.”