Superior Galleries Realizes Strong Coin Prices At Santa Clara Elite Auction April 4, 2006--Superior Galleries, Inc. ("Superior") (OTCBB: SPGR - News) announced today the results of its March 30-31, 2006 Santa Clara Elite Auction.
News-Antique.com - Nov 30,-0001 - Anchored by private collections including the Megan Collection and The Property of a Lady, prices realized from this successful auction were $2,439,906, inclusive of the buyer's premium, which was in excess of the pre-sale high estimate for the entire sale. The Auction, held in conjunction with the Santa Clara Coin Expo, for which Superior is the official auctioneer, was a resounding success, with almost 75% sold by lot and dollar value. Some highlights of this auction include:
Some highlights of this auction include:
* Lot 437 1879 $4 PCGS PF62 Flowing Hair $138,000
* Lot 488 1797 $10 Capped Bust PCGS AU55 $126,500
* Lot 407 1909 Quarter Eagle PCGS PF65 $47,150
* Lot 29 1851 Seated Dollar PCGS MS60 $46,000
* Lot 412 1915 Quarter Eagle PCGS PF66 $39,100
* Lot 539 1909 Double Eagle PCGS PF64 $39,100
* Lot 62 1870-CC Seated Dollar PCGS MS63 $36,800
* Lot 302 1889-CC Morgan Dollar NGC MS63 $33,350
* Lot 30 1852 Seated Dollar PCGS AU53 $32,200
* Lot 52 1864 Seated Dollar PCGS MS65 $32,200
Commenting on the Superior Santa Clara Elite Auction, Executive Vice President and COO Larry Abbott said "We are delighted to have built upon the outstanding results of our January 2006 Orlando and February Beverly Hills Elite Auctions with this third successful auction in three consecutive months. We attribute the unqualified success of this auction to the large number of fresh, private collections that were entrusted to us by our clients, especially the Megan Collection of Double Eagles and the beautiful coins in The Property of a Lady consignment. We are now concentrating our efforts on our May Beverly Hills Elite auction, to be held immediately prior to the Long Beach Expo. The number of fresh, old-time collections consigned to this sale is nothing short of impressive, and I expect our gallery to be packed with enthusiastic bidders during the sale. It will be a terrific auction, perhaps our best of the year and I encourage collectors and dealers to take the time to view lots prior to the sale in our newly renovated faculty. It is a beautiful space, and any time spent previewing this sale will be time well spent."
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
