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Press Manager
 United States
1420 Posts |
 Heritage Auctions - DALLAS — Heritage Auctions has placed on hold the 2nd, 3rd and 4th Donald G. Partrick Collection Auctions at the request of Mr. Partrick's family. "Because the family has no immediate use for additional funds, and Don continues to delight in his collection, they proposed an extension agreement," said Heritage Co-Chairman, James Halperin. "Don and his family are wonderful clients and a pleasure to work with, and we are very grateful for the trust they have placed in us. Therefore, we were happy to accommodate their wishes. We look forward to conducting the remaining Partrick auctions at a later date, to be determined." Remaining highlights include, among other treasures, the finest Brasher doubloon, as well as astonishing quality sets of New Jersey and Connecticut state coinage by die variety. Donald Partrick and family issued the following statement: Mr. Donald G. Partrick wishes to thank Heritage Auctions for the outstanding catalogue and incredible results achieved for the sale of my coins, part 1. It was truly a wonderful experience. It exceeded my expectations and I look forward to my future sales with Heritage. I love my coins and would like to continue to enjoy them a while longer. For more information: Noah Fleisher, Public Relations Director 214-409-1143
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Pillar of the Community
United States
9792 Posts |
Can't say I blame him really, now he's freed up some cash to buy even more cool stuff for his collection. Good on Heritage for handling it this way and not holding him to a signed contract forcing him to sell now.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
1512 Posts |
Quote:
Good on Heritage for handling it this way and not holding him to a signed contract forcing him to sell now. Oh, I am sure he paid a hefty "convenience" fee to be released from his sales contract. He probably signed a contract giving Heritage exclusive rights to any future sales of his coins, too. I bet Heritage is perfectly happy to let the first results stew in the market and raise awareness so future results will be even better! |
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Moderator
United States
23522 Posts |
There's a message in there about the state of the market.
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Pillar of the Community
United States
4409 Posts |
SSDDave I was thinking along those lines as many high-end collections are hitting the market all at once Gardner, Newman, Pogue,Simpson, etc. There are only so many buyers at the high end of the spectrum and with so many collections coming to market I think they're competing for buyers. A person of modest means won't/doesn't have the resources available to drop $10,000+ on a single coin. Even $5,000+ is expensive for some. Just my Two Cents worth. -MV |
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Pillar of the Community
United States
1314 Posts |
How long before the trickle down effect benefits my wish list? (The $100 range.)
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Pillar of the Community
United States
1911 Posts |
Lol I am with Chute on this one. :P Well played by Heritage though.
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Pillar of the Community
United States
7618 Posts |
Gotta always read between the lines with corporate spin announcements like this.
The coin market has been "soft" for collector coins valued below 1000$ for quiet a while now. Maybe the big boys pockets are getting a little soft and they are being very selective about what they are buying?
And maybe David Hall can make this a focus in his next You Tube "Rare Coin Marketplace" review?
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Replies: 7 / Views: 1,521 |
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Posted 06/10/2015 7:58 pm
