BEVERLY HILLS, Calif.--(BUSINESS WIRE)--June 19, 2006--Superior Galleries, Inc. ("Superior") (OTCBB:SPGR) announced today that it will feature Part II of the multi-million-dollar Good River Collection in its August 12, 2006 Elite Auction, to be held immediately prior to the American Numismatic Association Summer Convention in Denver, Colorado.
Commenting on the consignment, Superior Galleries' Executive Vice President and Chief Operating Officer Larry Abbott said, "We are very gratified to have been entrusted with this second part of The Good River Collection, and are working to replicate the outstanding results achieved with Part I of the collection in our Beverly Hills Elite Auction of May 28-30, 2006. Our consignor was present during the sale of Part I of this consignment, and was most pleased with both the execution of the sale and the results. With an insured value of $6 million, Part II of The Good River Collection will be the anchor consignment for our August sale. Our entire staff is already gearing up for the cataloging process, and we are all very excited about the prospect of another record-breaking sale in August."
Superior's Vice President of Auctions, Paul Song, commented, "The addition of Part II of The Good River Collection to our already strong offering in our August sale ensures that this one-day auction event will be a tremendous success for our consignors, our bidders, and for Superior. The insured value of our entire August 12, 2006 Denver Elite Auction is expected to total in excess of $10 million."
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 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 expectations of the success of the Company's future auction events, 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 are reasonable, it can give no assurance that the expectations reflected in such forward-looking statements will prove to have been correct. These forward-looking statements are subject to certain risks and uncertainties, including market and other conditions that may affect our ability to expand our auction and dealer activities and control our operating costs and risks identified in our SEC filings. The company's actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors, including sales levels, operating costs, distribution and competition trends, consumer preferences, and other market factors. Past sales performance may not be indicative of future results. No assurances are given that sales trends or sales performance on behalf of consignors or customers will continue.
