Queen Elizabeth's Grandparents' 1931 Gold Bowl
A Rattray & Co. Scottish Gold Presentation Bowl, circa 1931, inscribed with the coat of arms of the 14th Earl of Strathmore, and the house's motto, IN TE DOMINE SPERAVI, is expected to bring $50,000+ as the top lot of Heritage Auctions' Silver & Vertu Signature Auction, taking place Dec. 7 at Heritage's Dallas Design District location, 1518 Slocum Street.
"This gorgeous bowl was presented to the Earl and Countess of Strathmore on Sept. 30, 1931, by a deputation of the city of Dundee in honor of their Golden Wedding Anniversary at their home, Glamis Castle," said Tim Rigdon, Director of Silver, Decorative Arts & Design at Heritage. "The Earl and Countess were parents to Elizabeth Bowes-Lyon, Queen Consort to George VI of England and Queen Mother to Elizabeth II, so this is not only a beautiful piece, but also one with historical importance."
Another "royal" highlight of the auction comes via The Sport of Kings, horseracing, in the form of a Shreve & Co. 14K Gold Santa Anita Racing Trophy, presented to the legendary sprint horse Bric a Bac after his dramatic win in the 1945 San Juan Capistrano Handicap, the first race run at the famed racetrack after World War II. It's expected to bring $30,000+ when it comes across the block.
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ABC to air The Great Big American Auction with Ty Pennington & Heritage, Thursday, Dec. 8ABC has announced that it will air The Great Big American Auction, in a very special television first made-for-TV auction event, at 10 p.m. (ET) on Thursday, Dec. 8. The show will star Ty Pennington of Extreme Makeover: Home Edition, one of America's leading reality TV personalities, and feature exclusively Heritage Auctions' experts, auction services and staff.
The special was produced by Cineflix (Auction) Inc. for ABC. Executive Producers are Lisa Levenson, Ty Pennington, Joe Houlihan and Simon Lloyd.
Ty Pennington has been transforming people's homes and lives for several years now as the host of ABC's Extreme Makeover: Home Edition and has now found an exciting new way to change lives by turning their memorabilia and assorted hidden finds into treasures worth life-changing amounts of money.
After scouring flea markets, cellars, attics and yard sales to find one-of-a-kind items whose owners have no idea of their real value, Pennington, with a team of experts from Heritage Auctions, tags the best items and brings them to The Queen Mary oceanliner in Long Beach, CA for The Great Big American Auction. The exceptional collectibles range from first edition classic comic books to rare American currency to an early 20th century baseball icon's checkbook, and much more in-between, all chosen for their rarity, value and the uniqueness of the consignor's story.
"It's a great thrill to be part of this major network, prime time show, to work with Cineflex and ABC and a star the magnitude and class of Ty Pennington," said Greg Rohan, President of Heritage Auctions. "We went to great lengths with our staff and experts to make sure that all these unique items have great stories and that they live up to Heritage's exacting consignment standards. We hope that everyone will enjoy the show as much as we enjoyed being a part of it."
Objects originally bought for mere dollars, or literally plucked right out the trash will go for thousands of dollars as their lucky owners' lives are changed for the better.
The Great Big American Auction will air on Thursday, Dec. 8 AT 10 P.M. (ET) on The ABC Television Network.
Heritage Auctions is always seeking "consignments with a story" for possible future TV projects. If you think you might have a unique item and a unique story, please let us know.
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François Linke Vitrine Cabinets Expected To Bring $200,000+
A pair of important François Linke (French, d. 1846) Kingwood and Tulipwood Gilt Bronze Mounted Vitrine Cabinets with Wedgwood Jasperware Plaques, made in Paris, circa 1900, may bring $200,000+ as the top lot in Heritage Auctions' Dec. 7 Decorative Art Signature Auction, being held at the company's Dallas Design District Annex, 1518 Slocum Street.
"This stunning pair of tall vitrine cabinets display Linke's ability to adapt historical models within a new context," said Tim Rigdon, Director of Silver, Decorative Arts & Design at Heritage. "To find one vitrine of this amazing design and quality is rare, but a matched pair is almost unheard of."
While the top offering in the auction is a dazzling piece of French craftsmanship, the Dec. 7 auction is heavy on fine design across the board from all over Europe and the United States, including an Italian Carrara Marble Sculpture after Romanelli: Romeo & Juliet, from the workshop of Antonio Frilli, Florence, circa 1880, which is expected to bring $20,000+. The sculpture is a classic from Shakespeare, depicting Romeo, having climbed a rope ladder, embracing Juliet at her balcony.
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Heritage Auctions Buyer's Premiums For Art, Entertainment, Jewelry, Natural History And Books To Change, Effective Jan. 1, 2012
Heritage Auctions has announced that, effective Jan. 1, 2012, the structure of its Buyer's Premium (BP) will be changing in several of its categories. While 13 of the company's 33 categories will remain at 19.5% or 15%, the rest of the Heritage categories will implement the change.
"We make very careful and considered decisions at Heritage, and this was not one that we came to lightly," said Greg Rohan, President of Heritage Auctions. "Heritage is a major player on the world auction stage, and our BP rates will now be competitive with the rest of the world's key auctioneers."
In the categories of American Indian Art, American Art, European Art, Furniture & Decorative Arts, Illustration Art, Jewelry, Lalique & Art Glass, Luxury Accessories, Modern & Contemporary Art, Music & Entertainment, Natural History, Photography, Pre-Columbian, Rare Books, Silver & Vertu, Texas Art, Timepieces, Vintage Guitars and Western Art, buyers will pay a BP of 25% of the hammer price on the first $50,000 of each lot purchased, 20% on the portion between $50,000 to $1,000,000 and 12% on any amount more than $1,000,000.
The minimum BP of $14 per lot will also continue to apply.
There will be no change in Buyer's Premium for US Coins, World Coins, Currency, Wine and Arms & Armor, which remain at 15% or for Americana & Political, Civil War & Militaria, Comics & Comic Art, Historic Manuscripts, Movie Posters, Space Exploration, Vintage Sports Collectibles and Texana auctions, which remain at 19.5%. In Gallery Auctions, meaning those auctions with sealed bids, mostly bulk numismatic material at Heritage, the BP will also remain at 19.5%.
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Tiffany Studios Daffodil Lamp Brings $56,763 As Top Lot In $1.84M Lalique & Art Glass Auction
Collectors were ready and willing to buy on Saturday, Nov. 19, during Heritage Auctions' $1.84 million Lalique & Art Glass Signature Auction, led by a superb Tiffany Studios Daffodil table lamp that brought $56,763. All prices include 19.5% Buyer's Premium.
"This beautiful lamp was received by the consignor as a wedding present in 1917," said Nick Dawes, Vice President of Special Collections at Heritage. "It's certainly weathered the decades very well and the price realized is a testament to the enduring allure of fine Tiffany pieces."
The $1.84 million auction consisted of 641 bidders vying for 567 total lots, translating into a sell-through rate of 91% by total value.
"There was tremendous and well-founded excitement around this auction," said Dawes. "The quality ran very deep and the big names were represented by some spectacular and unexpected results."
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Robert Mapplethorpe's Shoe (Melody) Leads Photography Auction
A gelatin silver print of Robert Mapplethorpe's sultry Shoe (Melody),1987, was the top lot in Heritage Auctions' Nov. 19 Vintage & Contemporary Photography Signature Auction, easily beating its pre-auction estimate of $30,000+ to finish the auction with a final price realized of $47,800.
The auction, which realized $521,588 on 213 lots, took place at The Ukrainian Institute of America at The Fletcher-Sinclair Mansion (2 East 79th Street at 5th Ave.).
"The Mapplethorpe lived up to its billing as the auction catalog cover," said Rachael Peart, Consignment Director for Photography at Heritage Auctions, "and collectors showed their reverence for the piece and the photographer in the form of spirited bidding dnd a respectable final price realized."
Collectors at The Fletcher-Sinclair also responded enthusiastically to the wide array of Contemporary offerings,with Marilyn Minter's ecstatic 2010 Chromogenic, diasec mounted Solaris, one of an edition of five, leading the way with a final price realized of $20,315.
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Changing Your Bids
You've placed the bid that you know will win your lot. But while you know you're the leading bidder, the current bid keeps creeping higher and higher. Will your bid hold out against the Internet bidders who show up in the last ten minutes of the auction? Will it be able to win the lot against the people on the auction floor?
In situations like this, you as a bidder might wish to increase your secret maximum bid despite being the high bidder already. It is easy to do this, and this does not affect the current bid at all! Just bid in exactly the same way you placed your original bid through the page describing the individual coin, or through any of the pages that allow Batch Bidding. You do not bid against yourself; your bid is merely changed to the new amount. And, if you place a new bid while you are already the high bidder, the current bid will not change.
What if you want to decrease your bid? In certain situations, the website allows this as well. If you are the high bidder, but you accidentally bid too much — $30,000 on a $300 lot, for instance — you can always place any bid that is equal to or greater than the minimum bid for the lot even if your bid is currently much higher. Again, place your bid through the individual lot pages or through any page that allows batch bidding.
Here's how it works — You've accidentally bid $5000 on a lot worth $500. The current bid on the item is $400, the minimum allowable bid is $425, and you're the high bidder. To change your bid, just place any bid of at least the minimum allowable bid, even if it's less than your existing maximum bid. If in this example you want to change your bid from $5000 to $500, just bid $500 normally, and your bid will be accepted. Because both bids are at least one increment above the current bid of $425, the current bid will not change.
In practice, if you wish to lower a bid, you will not be able to lower it to less than the increment above the current bid. You cannot lower it to the point where you will no longer be the high bidder, although if it's early enough in the auction, you may be able to lower it to a point where it won't matter.
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D Magazine Explores our HeritageSotheby's, beware! Offering everything from rare books to Lou Gehrig's jersey, Heritage Auctions under CEO Steve Ivy grows to become the third-largest auction house in the world.
For years the nation's top currency and coin house, Dallas-based Heritage Auctions has used its founders' entrepreneurial prowess to diversify and flourish in recent yearspartly at the expense of industry giants Sotheby's and Christie's.
When actor Nicolas Cage decided to unload most of his vast comic book collection in 2002, he used Heritage Auctions in Dallas to execute the $1.68 million sale. In Orlando last year, a 1913 U.S. Liberty head nickel previously owned by Egypt's King Farouk and before that, Los Angeles Lakers owner Jerry Buss (who sold it years earlier for a paltry $200,000), was sold at a Heritage auction for $3.7 million to an East Coast collector.
Read the full article here. (Requires the free Adobe PDF Reader.)
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