Greg Roham, President of Heritage Auctions. Photo courtesy of Heritage Auctions Greg Roham, President of Heritage Auctions. Photo courtesy of Heritage Auctions

Heritage Auctions is the world's third largest auction house, what's the secret behind this achievement?

In 1997 we were the first auction house to embrace online bidding. We are also the only major auction house that is completely transparent in that we disclose when there is a reserve. We don't believe in chandelier bidding, it's a deceptive practice in our opinion, transparent platforms are what we adhere to. We want the collectors who are bidding on-line to be on an even, level playing field with the most sophisticated dealer who is in the room.

 

You are also the world's largest collectibles auctioneer, why did you decide to focus on this field?

Heritage's owners have a background in rare coins, from there we went to rare currency to rare comics and so forth. We would actually be the largest auction house in the world if you took our competitors sales totals for magnificent jewels and modern and contemporary art out of the equation. The other two larger auction houses have focused so much on modern and contemporary, that they have pretty much conceded the collectibles field. When they can sell a single painting or sculpture for $50 million or $100 million, that's where their focus is going to be. We think that most of our competitors are small niche auction houses with usually a single specialty area in the collectibles field. We found great success because none of the niche auction houses have the same worldwide reach as we do in offering bidders and consigners such a global audience.

 

Are buyers mostly from the U.S. or do you have international bidders as well?

We have over 900,000 bidders from 186 countries, so a lot them are international. They can log on to Heritage Live where they can watch the auction and bid from anywhere in the world. It's just like if they were in the auction saleroom. Most people, even if they are in the same city as the auction is being held, would prefer to participate from home, their hotel room, their office, an airplane or on their boat and be doing other things in between hours of lots that they aren't interested in. We've had had auction rooms where only 10 bidders are in attendance but more than 5000 participated online and that's not the exception, that's the rule.

 

Heritage Auctions shared a few of the highlights from next week's auctions, including extraordinary art glass, milestone works of comic art and rare vintage movie posters!

In May this year, Heritage Auctions broke the world auction record for any page of interior comic art when it sold a page from The Incredible Hulk #180 for $657,250. The page introduced Wolverine for the very first time. The auction broke the record for the highest price ever realized at auction for a piece of original comic strip art with Alex Raymon's Flash Gordon Sunday Comic Strip original art from 1938, which sold for $215,100.

These are two very good reasons not to miss Heritage's Comics & Comic Art Signature Auction on November 20-22, which includes several rare and landmark pieces with estimates in the record-breaking range. The extensive auction focuses on different areas and time periods of comic art, such as Golden, Platinum, Silver, and Modern age as well as original art and memorabilia.

One of the most exciting lots is a copy of the first issue of Golden Age comic Action Comics. This is the first time that the issue goes up for auction and is expected to bring in over $350,000. One of the most notable lots in the original comic art section is Todd McFarlane's Amazing Spider-Man #300 Original Cover Art from 1988. It is one of the most important images from that decade and Heritage expect it to fetch $250,000 or more.

Todd McFarlane Amazing Spider-Man #300 Cover Original Art (Marvel, 1988). Photo via Heritage Auctions Todd McFarlane Amazing Spider-Man #300 Cover Original Art (Marvel, 1988). Photo via Heritage Auctions

Action Comics #1 (DC, 1938). Photo via Heritage Auctions Action Comics #1 (DC, 1938). Photo via Heritage Auctions

The world's largest collection of Rene Lalique table glass goes under the hammer on November 21 in Dallas at Heritage's Tiffany, Lalique & Art Glass Signature Auction. The auction includes over 1,000 pieces of exquisite pieces intended for drinking and serving wine.

The table glass was designed by Lalique himself and predates World War II, the collection includes exceptional pieces such as an extremely rare pair of Lalique Glass And Plated Brass Mouettes Candelabra, from The "Royal Service", estimated at $7,000+. An Amber Normandie Bordeaux Stem from a line that was not sold commercially but used on vessels operated by Campagnie Général Transatlantique is also up for auction and has an estimate of $1,500+.

R. Lalique Black Enamel Reine Marguerite carafe with sepia patina and silver stopper, Circa 1913. Photo via Herigate Auctions R. Lalique Black Enamel Reine Marguerite carafe with sepia patina and silver stopper, Circa 1913. Photo via Herigate Auctions

Estremely Rare pair of Lalique Glass And Plated Brass Mouettes Candelabra from The Royal Service, Circa 1938. Photo via Heritage Auctions Estremely Rare pair of Lalique Glass And Plated Brass Mouettes Candelabra from The Royal Service, Circa 1938. Photo via Heritage Auctions

Heritage ends the week with their Vintage Movie Posters Signature Auction, set for November 22-23. The auction includes a large collection of Lon Chaney posters, the legendary actor from cinema's early age who was known for innovative and creative use of make-up. One of the most astounding gems of the auction is the only known poster from the US release of Chaney's 1927 film London After Midnight. Chaney is made up as a vampire in this important picture directed and directed by Tod Browning, the poster is expected to bring in over $100,000.

The auction also includes a French poster from the 1933 film King Kong. At 124" x 93", the four-panel poster is almost as large as the giant ape it depicts. The linen backed poster will be sold at Heritage for the first time in this sale, and has en estimate of $30,000+.

London After Midnight (MGM, 1927). One Sheet (27" X 41"). Photo via Heritage Auctions London After Midnight (MGM, 1927). One Sheet (27" X 41"). Photo via Heritage Auctions

King Kong (RKO, 1933). French Four Panel (124" X 93"). Photo via Heritage Auctions King Kong (RKO, 1933). French Four Panel (124" X 93"). Photo via Heritage Auctions

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