Fueled in part by a red-hot, record-setting sports collectibles industry, Heritage Auctions enjoyed first-quarter sales of $337,410,571, an increase of 16 percent over the same period last year.
Revenue was driven by world record-breaking sales of Sports memorabilia, U.S. and World & Ancient coins and Comics & Comic Art.
Heritage sales have shown steady year-over-year first-quarter growth, even through the year-long pandemic. The company reported a 7 percent increase from 2019 to 2020, followed by this year’s 16 percent increase.
“This double-digit growth comes at a time when Heritage is making its most significant moves in the last 40 years,” said Steve Ivy, CEO of Heritage Auctions. “The remarkable results also speak to the innovative and tireless teamwork of Heritage’s employees.”
HERITAGE SETS RECORDS FOR SPORTS COLLECTIBLES
In February, the firm’s Sports collectibles category fueled $42 million in monthly sales, a record-shattering mark which included the industry’s most valuable sports auction at $32.7 million.
Highlights included: the world record for the most expensive Michael Jordan card, which realized $1.4 million; the $2.5 million sale of a 1909 Honus Wagner card; and the first Reggie Jackson cardboard to break the million-dollar mark.
Heritage also holds the title as the first auction house to offer an NBA Top Shot, with a Zion Williamson Series 1 Rookie Debut #1/192 realizing $162,000.
In the first quarter of 2021, Heritage increased its number of online-bidder members from 1.2 to 1.4 million. Online bidders won 80 percent of the auctions by value, another record high.
For more information on Heritage Auctions’ 41 categories of fine art and collectibles, as well as its full auction calendar, visit HA.com.