DALLAS – Heritage Auctions, the world’s largest collectibles auction house, announced it will be launching a Monthly Showcase Sports Auction, a new Internet-only auction. The first auction begins March 4 and goes into extended bidding March 18.
These sales, done without printed catalogs, will feature only material already graded and/or authenticated by a leading third-party service when consigned. This will allow Heritage to greatly shrink the window between consignment, auction and payment.
“Quite simply, we have listened to our clientele, who have been asking for expedited auctions,” says Heritage’s Chris Ivy, Director of Sports Auctions. “This new format is going to appeal to a large audience looking to decrease the time from delivery of their consignments to the receipt of their settlement checks.”
Suitable material for consignment to the Monthly Showcase Sports Auction will include graded trading cards, autographed material already authenticated by such services as PSA/DNA, Beckett, Upper Deck and Steiner, and game-used material already authenticated by the likes of PSA/DNA, MEARS and MeiGray.
Consignors of certain types of memorabilia not requiring third-party authentication, such as championship rings or World Series programs and press pins, may also be eligible.
Similar to Heritage Sports Collectibles’ standard catalog auctions, all lots will open at 25 percent of the low estimate and will close in 30-minute Extended Bidding format. Auctions will open on the first Thursday of every month and will run for two weeks.
From promotions to PR, these Monthly Showcase Auctions will be treated like every other major catalog event at Heritage. Each one will be heavily promoted electronically via email, featured placement on the Heritage Auctions website and highlight mailers.
Consignments are being accepted for the first edition.