Art News

Luxury Accessories Debut at Heritage Auctions Bringing $700,000+

DALLAS, TX.- A trio of Hermès handbags, two Birkins and one Kelly, were the shining stars in Heritage Auctions‘ $708,200+ inaugural Luxury Accessories Auction, held Dec. 13, 2010. The auction saw a 92% sell-through rate on lots sold and saw more than 70 bidders take home handbags and accessories from the more than 160 competing. All prices include a 19.5% Buyer’s Premium. “Our expectations for this first auction were quite high and I’m pleased to report that we exceeded them,” said Matt Rubinger, Director of Luxury Accessories at Heritage. “Although the sale was in Dallas, and the room had many floor bidders, the major buyers were in Los Angeles and New York and the response before and after the auction has been tremendous. People are very excited about this new category both as buyers and consignors, and the success of this auction has ensured that we’ll continue to hold Luxury Accessory auctions for some time to come.” The top He