Civic Arena auctions provide nice bonus for Penguins, sports authority
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Another round of auctions involving Civic Arena and Penguins memorabilia has scored big.
Two online auctions that closed earlier this week generated $80,515 in revenue for the Penguins and the city-Allegheny County Sports & Exhibition Authority.
That's on top of roughly $100,000 raised during a separate auction of arena- and Penguins-related memorabilia that took place in December.
The item that received the top bid in the three auctions was a Sidney Crosby street locker with an autographed name plate. It sold for $3,175 in one of the auctions that ended this week.
Two other street lockers with autographed name plates -- one used by Marc-Andre Fleury and the other by Jordan Staal -- sold for $2,975 and $2,775, respectively.
They far exceeded the top-selling item in the first auction, a Pittsburgh Penguins Hockey Operations sign that sold for $2,000.
Overall, the two auctions that ended this week did not generate as much money as the first one. Nonetheless, Shawn Allen, chief operating officer of AssetNation, which handled all three auctions, said he was pleased with the results.
"The money was right at the expectation so I think that was very good," he said.
He added that the December auction did so well it made it difficult for the other two to match it.
The memorabilia sales produced the three highest days of bidding in the firm's history, a testimony to the demand for the items.
AssetNation received a 10 percent commission on each sale. Of the $180,515, the SEA will get 65 percent and the Penguins 35 percent. The SEA may use its share to help fund the demolition of the arena if the building isn't designated a city historic structure. The Penguins plan to use their share to support youth hockey.
First Published February 4, 2011 12:00 am