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Press Release - May 13, 2016
Heritage Auctions continues to outsell all other auction houses onlineDALLAS — Heritage Auctions continues to far surpass all other auction houses in online sales.
Heritage's online auction sales in 2015 were $344 million, and are already more than $160 million in 2016. Out of total sales last year of over $850 million, and approximately $310 million during the first 4 months of 2016, Heritage auctions has now recorded more than $500 million in online auction sales from in those past 16 months alone.
According to the Hiscox Online Art Trade Report, for 2014 and 2015 Heritage's total online auction prices realized were 100% and 112% larger, respectively, than its closest competitor in the online auction space. (See graph above)
"No one else even comes close to our reach online," said Jim Halperin, Co-Founder of Heritage Auctions. "The numbers show that no other auction house approaches Heritage when it comes to providing the most comprehensive collecting experience online and, by far, the most bidder attention in the U.S and worldwide. We just make it so easy to bid online, whether by leaving proxy bids at HA.com, or in real time using our patented HA.com/Live software, the most user-friendly live bidding experience on today's Internet."
Heritage's 40 categories — from Art & Design, to jewelry, handbags, real estate and across the full spectrum of its auctions serving the luxury market — are supported by a full-time staff composed of well over 100 of the top experts in their respective fields, all of whom focus their considerable experience and talent researching and cataloging consignments for the benefit of their consignors and bidders.
"Heritage is the most transparent of any auction platform available to bidders online," added Halperin. "Our entire model, in fact, reflects that philosophy. Heritage invented and launched the first permanent, searchable and unabridged online prices realized archive by any auction house, and ours remains the most comprehensive. In addition to offering our bidders free third-party pricing and rarity research data in categories representing most of our sales volume, Heritage auctioneers never employ chandelier bids, and we publish and display all consignor reserves online from 3 to 7 days prior to the auction's close. No one else in our field operates with so much transparency."
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HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)