ANA, Bowers and Merena Sign Auctioneer Agreement for 2009
The American Numismatic Association signed an agreement for Bowers and Merena Auctions to become the official auctioneer for two ANA numismatic shows in 2009. In return, Bowers and Merena has agreed to sign up 2,000 new ANA members, and pay certain fees and several commensurate sales incentives.
COLORADO SPRINGS – The American Numismatic Association has signed a definitive agreement for Bowers and Merena Auctions to act as the official auctioneer for the two 2009 ANA shows, the Los Angeles World’s Fair of Money® and the Portland National Money Show™, Executive Director Larry Shepherd announced today. Details of the agreement include sales incentives as well as a guarantee to sign up 2,000 new ANA members.
In consideration for the exclusive right to conduct the auctions and be designated as the official auctioneer, Bowers and Merena, which was selected by the ANA Board of Governors in March, has agreed to pay the ANA a base fee for both shows, plus two percent of the total sale price for all auction sales over $20 million (for Los Angeles) and $12 million (for Portland). In addition, Teletrade, an affiliate company of Bowers and Merena, will conduct a sanctioned Internet auction immediately preceding each convention.



