Once upon a time collectible paper auctions were unusual and well-spaced out. In the past, when there was a quiet month, auction houses took opportunities to have siestas. Anymore, quiet months are opportunities to sell material that need extra visibility. For that, August and January are perfect.
These days we regularly cover 250+ auctions a month. During this August however, we expect to cover a slim 140 sales that convert into 4.5 sales a day. For the rest of the year, the pace will pick up again.
While the auctions need to take some time off, the bidders will still be looking for opportunities. That translates into a higher percentage of lots sold when the sales offered are down. Net net, consignors may be sitting on the edge of their seat it usually works out well.
The prices drop a bit while the percentage of lots sold rise. Why? Because it’s August.
For the knowledgeable, this quiet period represents a chance to test their skills.
Here are the August numbers for the past 15 years:
Year
Total Lots
Lots Sold
% Lots Sold
Ave $ Value
Median Value
Total August Sales
2024
40195
34860
0.867
$1,213.00
$250.00
$42,285,180.00
2023
33377
28736
0.861
$1,784.00
$241.00
$51,265,024.00
2022
29170
25839
0.886
$2,067.00
$275.00
$53,409,213.00
2021
37459
33682
0.899
$1,552.00
$228.00
$52,274,464.00
2020
27823
24034
0.864
$955.00
$200.00
$22,952,470.00
2019
23792
20523
0.863
$1,009.00
$180.00
$20,707,707.00
2018
24489
20558
0.839
$1,370.00
$200.00
$28,164,460.00
2017
17676
14180
0.802
$879.00
$188.00
$12,464,220.00
2016
16641
14087
0.847
$877.00
$180.00
$12,354,299.00
2015
21679
15421
0.711
$790.00
$155.00
$12,182,590.00
2014
18576
15612
0.840
$742.00
$167.00
$11,584,104.00
2013
10996
8465
0.770
$1,336.00
$264.00
$11,309,240.00
2012
7273
5499
0.756
$516.00
$156.00
$2,837,484.00
2011
5213
3885
0.745
$538.00
$192.00
$2,090,130.00
2010
3824
2939
0.769
$559.00
$230.00
$1,642,901.00
Enjoy your vacation. And remember your cellphones can get into your RBH accounts while you’re on vacation.
