NEW YORK — Dallas-based Heritage Auctions, which claims to be the third largest auction house in the world, is making a move in the Big Apple. It has leased just over 5,000 square feet of additional space at its current Park Avenue location at Park Avenue and 57th Street, tripling the space of its Manhattan outpost. The expanded outpost includes space for transacting private treaty sales, showcasing future auction highlights, and a saleroom for holding smaller, on-site auctions.
As it has done since 2006, the company will continue to hold its major New York sales at the Fletcher Sinclair mansion on the Upper East Side, directly across from the Metropolitan Museum of Art. The house specializes in such collectable categories as comic books, arms and armor, and meteorites, though it also sells some fine art. Last year it posted some $900 million in sales.
Heritage has “experienced exceptionally rapid growth in business,” according to Kathleen Guzman, the auction house’s managing director in New York. She added that the company was “hiring additional staff in many of our 35 different categories, especially jewelry, paintings, coins, and comics, trusts and estates, and luxury accessories.”
The new space expands a venue it has leased since 2010, though until now, Heritage has kept it mainly as a storefront showcase for a constantly rotating display of items coming up for sale. The annoucement seems to show that it has rather bigger designs.