BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Superior Galleries, Inc. ("Superior") (OTCBB:
SPGR -
News) announced today
the results of its November 16-17, 2006, Santa Clara Elite Auction.
Anchored by the notable Nevada Collection, which sold without
reserve, prices realized from this successful auction were $3,543,914,
inclusive of the buyer's premium. The November 2006 Santa Clara
auction was the most successful Santa Clara Elite Auction ever held by
Superior Galleries. This event, held in conjunction with the Santa
Clara Coin Expo, for which Superior is the official auctioneer, was a
resounding success, with more than 80% sold by dollar value and nearly
90% by number lot of lots.
Some highlights of this auction include:
Lot 198 1834 $5 Capped Head NGC MS65 $ 168,000
Lot 1533 1839 Gobrecht Dollar NGC PF66 $ 155,250
Lot 399 1866 Motto $20 PCGS MS64 $ 96,600
Lot 288 1796 $10 Capped Bust NGC AU58 $ 74,750
Lot 289 1799 $10 Capped Bust NGC MS64 $ 73,025
Lot 653 1915-S Pan-Pac $50 Round PCGS MS62 $ 58,075
Lot 2098 1901 Morgan Dollar PCGS MS64 $ 45,137
Lot 406 1870 $20 PCGS MS63 $ 40,250
Lot 961 1798 Draped Bust Dime NGC MS65 $ 36,225
Lot 290 1800 $10 Capped Bust NGC MS61 $ 35,650
Commenting on the Superior Santa Clara Elite Auction, Executive
Vice President and COO Larry Abbott said, "We are delighted to have
had the opportunity to offer the esteemed Nevada Collection, along
with numerous other private consignments, in this successful auction.
We have been building our Santa Clara Elite Auctions to become
`must-attend' auction events, and our past two auctions in Santa Clara
have exceeded all of our prior expectations."
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 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.
