Advertising, Auctions — August 1, 2013 at 5:43 pm

Rack ’Em Up They Did… High Prices That Is!

THE RICH PENN May Auction Event was billed as “Rack ’em, Sack ’em & Rock ’em” and they did all of that! The two day auction event held in Des Moines, IA on May 3rd & 4th brought Billiard, Country Store and Rock & Roll collectors from across the country.

Those in-house bidders competed fiercely with 2,000 online bidders from nearly 40 countries across the globe and the majority of pieces sold to in-house bidders.

When the auction opened at 9:00 AM, Rich Penn thanked all those in attendance for making the trip to Des Moines, which was precarious for many. According to Penn, “This is the first time our spring auction, in early May was greeted with 5” of snow. But this is Iowa. So if you don’t like the weather, wait 15 minutes and it’ll be something different!” He was correct, the balance of the weekend warmed up and ended up being quite nice.

According to Penn, “Quality and condition are still bringing strong prices and the market seems to be picking up strength.” His comments were supported by examples throughout the auction. Saturday’s session largely included the Phil Norton Country Store Collection, from Ohio. Phil attended the auction with his two granddaughters and all three seemed to enjoy the excitement.

The top lot in the Saturday session was the Montelaise Vigorola Syrup dispenser. Penn told the audience, “We’ve sold hundreds of syrup dispensers and this one is the most pristine dispenser we’ve ever sold. It looks like it was never used.” The dispenser ended up bringing a $6,750 price. These reported prices do not include
the 10% to 20% buyer’s premium.

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