Escala Group's North American Philatelic Division Realizes US$7.3 Million in Aggregate Sales in March.
PR Newswire Europe, April, 2006
NEW YORK, April 12 /PRNewswire/ --
- March Aggregate Sales Figures Exceed Pre-Sale Estimates by 49%
Escala Group (Nasdaq: ESCL) today announced that its North American Philatelic Division generated aggregate sales of US$7.3 million for its six auctions in March, a realization 49% higher than the pre-sale aggregate sales estimate of US$4.9 million. These auctions included a specialized sale of intact collections of the world by Greg Manning Auctions (GMA) on March 18, which realized US$3.8 million in aggregate sales, or 41% above the pre-sale estimate of US$2.7 million. This auction, in which 90% of the lots sold by dollar value, was the highest grossing GMA Collections auction in nine years, and global collectors from Australia, Denmark, Canada, the...
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