Heritage Auctions

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Heritage Auctions
Private
Founded1976; 43 years ago (1976) in Dallas, Texas, U.S.
FounderSteve Ivy, founder and CEO
Jim Halperin, co-founder
Headquarters
Dallas, Texas, U.S.
ProductsAntiques and collectibles
ServicesAuctioneer
Websitewww.ha.com

Heritage Auctions is an American multi-national auction house based in Dallas, Texas. Founded in the 1970s and 80s from a partnership between two rival collectors, Heritage is an auctioneer of numismatic collections, comics, fine art, books, luxury accessories, and memorabilia from film, music, history, and sports.

History[edit]

Heritage Auctions was formed from a partnership between two collectors, Steve Ivy and Jim Halperin.[1] In 1967, Ivy dropped out of the University of Texas to form Steve Ivy Rare Coin Co. in Dallas, Texas[2] 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[1] from his earlier, smaller business. The two friendly 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.[2][3] Besides Ivy, Halperin, Rohan, and Emory, the company includes four other partners: Paul Minshull, Ryan Carroll, Todd Imhof, and Cristiano Bierrenbach.[2]

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.[2] 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.[1] In 2010, Heritage launched its luxury items division, which includes jewelry, handbags, and other accessories.[4] In some instances, rare items from these auctions have sold for over two hundred thousand dollars.[5] 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.[6]

Operations[edit]

As of 2006, the Heritage Auctions headquarters are located opposite Reverchon Park on Maple Avenue in Dallas.[1] The offices occupy five floors including a ground floor auction room. The company also has offices in New York located on Park Avenue.[2] Its New York operations are mostly geared towards the fine arts industry.[7] Heritage has a west coast location in Beverly Hills, California, located on Olympic Boulevard.[2] In 2011, Heritage acquired Greg Martin Auctions in San Francisco, California, forming the auction house's division specializing in weapons and armament.[8] As of November 2011, Heritage employs about 385 people, most of whom work in its Dallas offices.[2]

Heritage expanded operations by adding an office in Hong Kong in 2015.[9] In spring 2017, the company formed a Florida branch with offices in Palm Beach.[10] In January 2017, Heritage opened an office in Chicago, Illinois, at an Ohio Street location previously held by its competitor Sotheby's.[3]

References[edit]

  1. ^ a b c d Wilonsky, Robert (April 27, 2006). "History for Sale". Dallas Observer. Retrieved December 20, 2018.
  2. ^ a b c d e f g Pate, Steve (November 2011). "Rich Heritage". D Magazine. Retrieved December 20, 2018.
  3. ^ a b Channick, Robert (January 19, 2017). "Heritage Auctions brings its paddles to Chicago". Chicago Tribune. Retrieved December 20, 2018.
  4. ^ Gustines, George Gene (December 6, 2010). "Market Watch: Bidding on Luxury". T Magazine. The New York Times. Retrieved December 24, 2018.
  5. ^ Fitzpatrick, Tommye (December 3, 2012). "First Look: Heritage Auctions's Holiday Luxury Items From Chanel, Hermès, and Louis Vuitton". ELLE. Retrieved December 24, 2018.
  6. ^ Simek, Peter (May 21, 2013). "This Week Heritage Auctions Offers A Brief Look at a Trove of Modern and Contemporary Art". D Magazine. Retrieved December 24, 2018.
  7. ^ Cascone, Sarah (September 23, 2015). "Heritage's First New York Modern Art Auction". Artnet News. Retrieved December 20, 2018.
  8. ^ Smith, Scott S. (April 24, 2013). "Sold! Steve Ivy Lifts Heritage Auctions To No. 1". Investor's Business Daily. Retrieved December 20, 2018.
  9. ^ Voien, Guelda (June 25, 2015). "Heritage Auctions Expands to Hong Kong". Observer. Retrieved December 24, 2018.
  10. ^ Valverde, Miriam (March 23, 2016). "Heritage Auctions expands operations in Florida". South Florida Sun-Sentinel. Retrieved December 24, 2018.

External links[edit]