Rapaport Melee Auction Sells 43,800 Cts. for $6.4 million

The Rapaport Group’s latest June melee auction sold 43,800 cts. for $6.4 million.

Average prices were
up 45 percent, year on year, while medium to low quality imperfect goods
increased by 70 percent.

The new Rapaport Melee Index tracks average auction
transaction prices for commercial quality melee. The June 2011 RMI stands at
145 up 8.2 percent from the March RMI of 142, and 45.5 percent above the June
2010 RMI of 106.

The upcoming schedule for Rapaport Auctions is as follows:

  • July 4–12, Mumbai
  • Aug. 15–25, New York City and Belgium
  • Aug. 29–Sept.1, New York
  • Sept. 6–13, New York City and Israel
  • Sept. 12–16, Hong Kong