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All Posts Tagged With: "Heritage Auction Galleries"

Arthur Blumenthal appointed Senior Numismatist at Heritage Auctions, New York

Heritage Auctions has announced that Arthur Blumenthal has been appointed Senior Numismatist by the company, working out of Heritage’s recently opened New York offices at 445 Park Avenue (at 57th Street).

“Arthur brings a tremendous amount of experience to his position with Heritage,” said Greg Rohan, President of Heritage. “His expertise encompasses the numismatic, currency and gold markets as well as the New York market, easily one of the most important in the entire business.”

Blumenthal, a New York native, graduated from C.W. Post College with a B.A. in History Education, teaching school for a few years before going to work in the coin department at Gimbels in New York.

Arthur then made his way to Galerie des Monnaies of Geneva, also in New York, where he spent more than a decade as head trader. From there he spent almost 15 years with Stacks, where he focused his talents on all aspects of the coin business, from buying important collections, consigning great collections for auction and helping to develop the currently high powered bullion market.

“I’m thrilled to be part of Heritage’s expansion into New York,” said Blumenthal. “This is an important move for Heritage and I look forward to establishing the company’s presence in the financial center of the world. As the planet’s biggest numismatic dealer, this is the exactly where we need to be.”

Blumenthal has been interviewed by CNN, USA TODAY, The New York Times, The Wall Street Journal and the New York Observer, among many publications, and has been a frequent guest on the FOX Business Channel with Stuart Varney, where he has established himself as an authoritative voice on the role of gold, U.S. numismatics and currency in world financial markets.

Heritage Auctions, headed by Steve Ivy, Jim Halperin and Greg Rohan, is the world’s third largest auction house, with annual sales more than $600 million, and 500,000+ registered online bidder members. For more information about Heritage Auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit HA.com.

2,500 year-old Greek coin anchors ancient offerings in Heritage Boston ANA auction

Coin originated in Rhegion region – modern day Reggio, Italy – was struck between 415 and 387 BC; offered as part of Heritage ANA World Coin event

A nearly 2,500-year old silver coin of Rhegion, an ancient Greek city located in would become Italy, is expected to bring upwards of $25,000 at the Heritage Signature® Auction of Ancient and World Coins at the ANA World’s Fair of Money in Boston, Thursday, Aug. 12, starting at 6 p.m..

The silver tetradrachm – lot number 20007 – a coin about the diameter of a quarter but much thicker and heavier, depicts the stylized head of a lion on the obverse and a profile portrait of Apollo, Greek god of wisdom and enlightenment, on the reverse. It was struck between 415 and 387 BC, a time when the Greek cities of Italy and Sicily were competing with each other and with Carthage in North Africa for control of the western Mediterranean.

“Simply stated, this piece is an artistic masterwork,” said David S. Michaels, director of Ancient Coins for Heritage. “The artist who engraved the dies was a supremely talented individual who employed a host of sophisticated techniques in creating an image of unique power and beauty.”

The lion’s head on the obverse uses foreshortening and compression to create an illusion of extreme depth, while his piercing gaze is shifted slightly to the left, as though zeroing in on his prey. The image of Apollo on the reverse is also created with such lifelike distinction that, were he to walk into a room, he would be instantly recognizable from his image on the coin.

Rhegion, modern Reggio, Italy, also called Regium, is located on the “toe” of Italy, just across the Straits of Messina from the island of Sicily. The second-oldest city in Italy, it was founded by Greek colonists from two cities on mainland Greece, Chalkis and Messenia. According to legend, the Chalkidians set forth after a famine in their homeland. The citizens appealed to the god Apollo for help, who replied through an oracle that a large body of colonists should seek a fresh start in fertile southern Italy.

Rhegion (meaning “it breaks away”) prospered and built a temple dedicated to Apollo, who appears prominently on the city’s coinage. The Messenian component worshipped the demigod Herakles. The lion on the obverse likely refers to the Nemean Lion slain by Herakles as one of his Twelve Labors.

Rhegion grew rich and powerful by controlling trade through the Straits of Messina.

“During its heyday in the fifth century BC, Rhegion produced coins as beautiful as those of the great contemporary Greek cities of Sicily, including Syracuse, Akragas, and Messana,” said Michaels. “There seemed to be a competition among these cities to produce the most attractive coins in commerce. Now it’s one of the highlights of one of our best-ever offerings of ancient coins.” (more…)

Cristiano Bierrenbach and David Michaels Take New Positions at Heritage Auction Galleries

Cristiano Bierrenbach promoted to Vice President of International Numismatics at Heritage

Heritage Auction Galleries (HA.com) has announced the promotion of Cristiano Bierrenbach to the position of Vice President of International Numismatics.

“In the short time Cris has been with Heritage, he has become instrumental to the impressive growth enjoyed by our World Coin category,” said Greg Rohan, President of Heritage Auctions. “Cris will continue to drive our World Coin category growth here in the U.S. while working to expand our role into a leadership position in markets abroad.”

Bierrenbach started at Heritage in January 2008 and his impact on the business was almost immediate. That same year, the NYINC auction totaled $4.3 million. Within one year, at the January 2009 NYINC show, the auction total had almost doubled to $7.2 million. By January of this year, 2010, the NYINC auction total was more than $11.5 million.

“Besides driving the amazing growth of the category overall at Heritage, Cris also started monthly World Coin Internet Auctions at Heritage,” said Rohan, “which have performed very well. He also has increased house purchases, brokered the successful auction partnership with the Chicago International Coin Fair and increased the number of floor sessions in the NYINC auction from three to four.”

“”I’ve been a coin guy most of my life and absolutely love what I do,” said Bierrenbach, “this makes my job a whole lot of fun. I’m also incredibly lucky to be working alongside Warren Tucker, who besides of being a walking numismatic encyclopedia, has become a close friend.”

Besides overseeing Heritage’s multiple live and Internet world coin auctions, Bierrenbach’s duties include working with collectors and dealers on strategies for marketing their numismatic holdings, overseeing production of catalogs, including description of world coin lots, photography and provenance, managing the customer client database, working with potential bidders, advising them on upcoming sales, evaluating and estimating world coin collections, buying, selling and brokering world coins and collections by private treaty, promoting growth strategies and fomenting new venues and channels for consignments and marketing Heritage in international markets. (more…)