In late 2011 we recognized that uncertainty in the global economy was leading to major changes in our industry. Investment focus began shifting towards tangible assets such as gold and fine gems as investors looked increasingly to products offering security in value and the potential for future appreciation. Our strong relationships with a growing base of consignors allowed us to adjust our product offerings to meet the corresponding shift in demand promptly.

Furthermore, our focus on building relationships with buyers and consignors, as well as our commitment to business integrity, ensured that Federal Auction Service maintained its strong position in the auction marketplace. In fact, 2012 and 2013 were two stellar years for Federal Auction Service as we were able to grow not only our total sales, but also our consignor base and total number of clients served.

While we are proud of the results we have achieved in the past two years we have no intention of slowing down as we see significant future growth potential. This year we continue to focus on our core values of providing a positive experience for buyers and sellers and delivering excellence in service, quality and value to our market.

We are also continuing to expand our client base, solidify relationships with existing consignors and source out new ones.