PCGS - (Lincroft, NJ). The Regency Auction 39, which took place on the evening of July 16, 2020 as the official auction of the PCGS Members Only Show in Las Vegas marked the first live auction to be held at a trade show in months. Since February, as coronavirus related shutdowns forced all major trade shows to be canceled, the related auctions have mostly been transformed into internet-only affairs. As the first auction held in conjunction with a coin show since the mid-winter
ANA, the auction was a triumphant return to in-person lot viewing and bidding for Legend Rare Coin Auctions, and when the final lot closed, proved to be the firm's biggest sale of 2020 so far.
From the moment the sale went live for pre-bidding, registrations were strong. As the first week of pre-bidding ended, registrations were on track to be a record-breaker. By the time the final lot closed on Thursday, July 16, the auction had set records for customer interaction across the board. Registrations, bids, views, and live bidders all dramatically eclipsed the previous records for a Regency Auction and contributed to the amazing results realized in the sale. Indeed, the intense live auction bidding activity led the auction to take longer than usual to close. While the sale went on into the wee hours of Friday morning East Coast time, the action did not wane.
Beginning with the BigMo Civil War Collection, internet and phone bidding was fierce, and continued to be strong through the Incline and Roadrunner Collections, with many lots seeing fierce bidding wars breaking out between multiple eager bidders. The results throughout the sale were strong, with at least 20 auction record prices set during the event. Bidding was strongest on fresh-to-the-market, high-end collector coins.
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Posted 07/29/2020 5:42 pm
