I told you that you could squeeze them. No need to say thanks. Guess this press release was just a lie.
MILLIONAIRE.COM ANNOUNCES IT'S GREAT GATSBYS AUCTION BREAKS ALL SUMMER SALES
RECORDS
HILTON HEAD, S.C., Jun 8, 1999 /PRNewswire via COMTEX/ --
Millionaire.com(OTC Bulletin Board: MLRE) reported today that its Great
Gatsbys auction (May 21, 22, 23) enjoyed higher gross sales than any
summer auction since the company was founded in 1983.
ATLANTA, GA - Millionaire.com's decision to move its Great Gatsbys'
summer auction from June to May appeared to be a wise one. Bidders
attended in greater numbers, bidding more aggressively than ever before
and generating nearly $3 million in gross sales in less than three
days.
Millionaire.com purchased the sixteen-year-old Auction Company in
February. The last three auctions held by Gatsbys have garnered more
than$8 million in gross revenue for the company. "It would not be
appropriate to announce the actual profits made until our audit is
completed," stated Robert L. White, CEO.
The May auction included luxury pieces of choice antiques, magnificent
jewelry, classic automobiles and rare art, all reaping strong bids. A
heavily carved gilded bed brought $65,000, an Egyptian influenced
dining room setsold for $45,000, and a gothic revival walnut paneled
room with a mansard hooded fireplace sold for $38,000. In addition, an
antique American birds eye maple bedroom set that won the gold medal at
the Italian-American Fair of 1893 brought $33,000.
Enthusiastic bidders purchased art by Sonntag, Peter Max, Gerard
Behngu, Sir Thomas Lawrence, and a classical 1860 drawing by Martini.
Aggressive bidders purchased a Tiepolo sketch for a ceiling mural that
sold for $14,000.
Marie Kowalik, president of Gatsbys, stated: "The nearly $3 million
sale was a record summer auction. The date of the auction was changed
because our research suggested that our clientele could be preoccupied
in June with social events and other obligations."
Great Gatsbys' next auction will be October 15, 16 and 17. Among the
treasures that will be up for bid are a Tiffany wall fountain and two
secular subject Tiffany windows, a 193.95 carat emerald, and a large
painting of Yosemite National Park by William Bradford.
Catalogs for the fall auction will be available in September. To obtain
a catalog or for further information about the fall auction please call
(770) 457-1903.
Millionaire.com is a company that markets products directly to
consumers through its millionaire.com site, Millionaire Magazine,
Auction Houses and live auctions over the Internet. At
Millionaire.com's site you can find Millionaire Magazine's editorial
features, advertising sections, a chat room, a guest book, appraisal
services and a forum where people of similar interests can communicate,
ask questions, bid on items sold at many of Millionaire.com's auctions
and buy items from Millionaire Magazine itself.
Certain statements and information included in this release constitute
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements
of the company to be materially different from any future results,
performance or achievements expressed or implied in such
forward-looking statements.
SOURCE Millionaire.com
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Ken Costanzo, Investors Relations of Millionaire.com,
864-627-9950, or investors@millionaire.com
WEB PAGE: millionaire.com
GEOGRAPHY: South Carolina
INDUSTRY CODE: REA
MLM
SUBJECT CODE: OTC
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