|Founded||1976Dallas, Texas, U.S.in|
(founder and CEO)
Dallas, Texas, U.S.
|Products||Antiques and collectibles|
Heritage Auctions is an American multi-national auction house based in Dallas, Texas. Founded in the 1970s and 1980s from a partnership between two rival collectors, Heritage is an auctioneer of numismatic collections, comics, fine art, books, luxury accessories, real estate, and memorabilia from film, music, history, and sports.
Heritage Auctions was formed from a partnership between two collectors, Steve Ivy and Jim Halperin.In 1967, Ivy dropped out of the University of Texas at Austin to form Steve Ivy Rare Coin Co. in Dallas, Texas. In 1971, Halperin founded New England Rare Coin Galleries while still a freshman at Harvard University and would also later drop out of school. It was Ivy who first formed Heritage Auctions in Dallas in 1976 from his earlier, smaller business. The two bitter rivals often met at industry trade shows and auctions. In 1982, Halperin sold his Boston-based business and moved to Dallas to join Ivy and Heritage Auctions; with him, he brought Marc Emory, a partner who heads what is now part of Heritage's European operations. Greg Rohan joined the company in 1986 and is now president of the company. Besides Ivy, Halperin, Rohan, and Emory, the company includes four other partners: Paul Minshull, Ryan Carroll, Todd Imhof, and Cristiano Bierrenbach.
In 1996, the company launched a website to allow the sale and purchase of coins in online auctions. This allowed Heritage to grow its list of potential sellers and buyers. At the urging of Halperin, Heritage began expanding its business model to include collectibles beyond numismatics by first including auctions of comic books in 2001. The company launched a memorabilia department in 2003 and its first auction was valued at about $2 million.In the mid-2000s, Heritage entered the music, entertainment, and film memorabilia market. By April 2006, the auction house was holding its third biennial auction of collectibles that once belonged to famous actors, musicians, directors, and other filmmakers. The collections sold at the auctions included many props, set pieces, and apparel from the sets of notable films and television series in history as well as personal effects of several musical artists. In 2010, Heritage launched its luxury items division, which includes jewelry, handbags, and other accessories. In some instances, rare items from these auctions have sold for over two hundred thousand dollars. By 2013, the auction house was also auctioning modern and contemporary art including works by artists such as Pablo Picasso, Andy Warhol, Joan Mitchell, and Edward Ruscha.
On June 1, 2020, as a cost-cutting measure, Heritage Auctions consolidated three Dallas-area locations to a new world headquarters in Irving, located at the northwest corner of West Airport Freeway and Valley View Lane near Dallas/Fort Worth International Airport.The 160,000 square foot facility is located in the DFW Airport international trade zone and will house 450 of the company's 600 employees. The company also has offices in New York located on Park Avenue. Its New York operations are mostly geared towards the fine arts industry. Heritage has a West Coast location in Beverly Hills, California, located on Olympic Boulevard. In 2011, Heritage acquired Greg Martin Auctions in San Francisco, California, forming the auction house's division specializing in weapons and armament.
Heritage expanded operations by adding an office in Hong Kong in 2015.In spring 2017, the company formed a Florida branch with offices in Palm Beach. In January 2017, company opened an office in Chicago.
In 2009 Heritage Auctions was sued by former employee Gary Hendershott who alleged that the company engaged in fraud by using a shill bidder under the name "N.P. Gresham" to drive up bidding prices which violated anti-racketeering laws in the process.The lawsuit was later settled out of court, though James L. Halperin said in sworn testimony that "N.P. Gresham" did not exist before later admitting that they did.
In 2016 Heritage Auctions sued Christie's along with its subsidy Collectrium for copyright infringement claiming that Collectrium database employees signed up for multiple accounts and used data-scraping software to steal some three million listings over a period of two years. At the time, Collectrium was just bought by Christie's in 2015.In 2019 a judge ruled that Collectrium had to pay Heritage Auctions close to $1.8 million over the claims, which was a small fraction of the $49 million Heritage initially sought, dismissed Heritage's claims of trespassing, unfair competition, and civil conspiracy and also ruled that Collectrium was the only company found to have any liability.
In August 2021 YouTuber Karl Jobst released a video that claimed that Heritage auctions, along with the grading company Wata Games, had artificially created a collectable bubble in the sealed video game market outlining a series of conflict of interests between the two companies and also accused Heritage Auctions of engaging in fraudulent actions.In a statement to Video Games Chronicle released following the video's publication, Heritage Auctions denied engaging in any illegal or unethical practices. Wata Games also denied the claims made in the video.
Christie's is a British auction house founded in 1766 by James Christie. Its main premises are on King Street, St James's in London and in Rockefeller Center in New York City. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. Sales in 2015 totalled £4.8 billion. In 2017, the Salvator Mundi was sold for $400 million at Christie's in New York, at the time the highest price ever paid for a single painting at an auction.
Sotheby's is a British-founded American multinational corporation headquartered in New York City. It is one of the world's largest brokers of fine and decorative art, jewelry, and collectibles. It has 80 locations in 40 countries, but maintains a significant presence in the UK.
James L. Halperin is an American businessman and author, who is the co-founder and co-chairman of Heritage Auctions. In 1985 Halperin authored a text on grading coins, How to Grade U.S. Coins, upon which the grading standards of the grading services PCGS and NGC were ultimately based. He is the author of two futurist fiction books, The Truth Machine (1996) and The First Immortal (1997), which were in 2001 both chosen by PC Magazine in a survey put out to their online newsletter subscribers, as possible responses for the top 17 science/technology fiction books of the previous 20 years. The Truth Machine is currently under development as a motion picture by Morgan Freeman's Revelations Entertainment.
Certified Guaranty Company, also known as CGC, is a Sarasota, Florida comic book grading service. CGC is an independent member of the Certified Collectibles Group of companies. It is the first independent and impartial third party grading service for comic books.
Video game collecting is the hobby of collecting and preserving video games, video game consoles, and related memorabilia. Most video game consoles, and their games, are considered to be collectors' items years after their discontinuation due to their functional longevity and cultural significance. Collectors usually narrow their search to games holding characteristics they enjoy, such as being published for a specific video game console, being of certain genre, or featuring a specific character.
The Brasher Doubloon is a rare American coin, privately minted in and after 1787.
Action Comics #1 is the first issue of the original run of the comic book/magazine series Action Comics. It features the first appearance of several comic-book heroes—most notably the Jerry Siegel and Joe Shuster creation, Superman—and sold for 10 cents. It is widely considered to be both the beginning of the superhero genre and the most valuable comic book in the world. Action Comics would go on to run for 904 numbered issues before it restarted its numbering in the fall of 2011. It returned to its original numbering with issue #957, published on June 8, 2016 and reached its 1,000th issue in 2018.
The T206 Honus Wagner baseball card depicts the Pittsburgh Pirates' Honus Wagner, known as "The Flying Dutchman,” a dead-ball era baseball player who is widely considered to be one of the best players of all time. The card was designed and issued by the American Tobacco Company (ATC) from 1909 to 1911 as part of its T206 series. Wagner refused to allow production of his baseball card to continue, either because he did not want children to buy cigarette packs to get his card, or because he wanted more compensation from the ATC. The ATC ended production of the Wagner card and a total of only 50 to 200 cards were ever distributed to the public, as compared to the "tens or hundreds of thousands" of T206 cards, over three years in sixteen brands of cigarettes, for any other player. In 1933, the card was first listed at a price value of US$50 in Jefferson Burdick's The American Card Catalog, making it the most expensive baseball card in the world at the time.
Julien's Auctions was founded in 2003 by Darren Julien and co-owned with Martin Nolan, is a privately held auction house based in Culver City, California. Julien's Auctions produces auctions in the categories of Film Memorabilia, Music [Rock & Roll] Memorabilia, Sports Memorabilia, and Street and Contemporary Art. The company has a global presence bringing their auctions and preview exhibitions to cities such as Los Angeles, Beverly Hills, New York City, Las Vegas, London, Tokyo, and Macau, and their auctions accommodate bidders both live as well as online via live streaming video and mobile technology. Julien's Auctions has received press and recognition for their auctions which attract museums, collectors, investors, fans, and enthusiasts from around the globe. Specializing in the sale of 'pop culture' artifacts, Julien's Auctions has handled collections and estates from entertainers including Marilyn Monroe, John Lennon, Ringo Starr, Banksy, Cher, Michael Jackson, Sharon Tate and Burt Reynolds. In 2016, Julien's Auctions received its second placement in the Guinness Book of World Records for the sale of the world's most expensive dress ever offered at auction, Marilyn Monroe's “Happy Birthday, Mr. President” gown which sold for $4.8 million. The auction house's first placement was in 2009 for the sale of Michael Jackson's bejeweled, white glove which sold for $480,000, making it the most expensive glove ever sold at auction.
Slave Labour is a mural that was painted by a British graffiti artist, Banksy, on the side wall of a Poundland store in Wood Green, London in May 2012. The artwork is 48.03 inches (122 cm) high by 59.84 inches (152 cm) wide, and depicts an urchin child at a sewing machine assembling a bunting of Union Jack patches. The work was a protest against the use of sweatshops to manufacture Diamond Jubilee and London Olympics memorabilia in 2012.
Profiles in History is an auction house in Los Angeles, California. It was founded in 1985 by Joseph Maddalena and is one of the world's leading auctioneers and dealers of authentic and original collectibles, including Hollywood memorabilia, historical autographs, letters, documents, vintage signed autographs and manuscripts. Maddalena is the company's president and CEO.