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Press Release - March 10, 2009

Heritage and Matthew Bennett Int'l Join, Create Rare Stamps Authority

Dallas, TX - Heritage Auction Galleries announced today that Harvey Bennett will join the auction house as Director of Philately.

"The combination of Heritage and Matthew Bennett International, via Harvey Bennett, creates a real Philatelics auction powerhouse," said Steve Ivy, Co-Founder of Heritage Auction Galleries, and a name well-known in Rare Stamps circles as the namesake of Steve Ivy Philatelic Auctions, and as one-third of the former Ivy Shreve & Mader. "The benefit to collectors of rare stamps is obvious: We're fusing the most advanced auction technology, marketing skills and a huge collector base with unparalleled stamps expertise and the very best customer service."

In the more than 30 years that have passed since its inception, Heritage has grown into the world's largest collectibles auction house, selling coins and currency, comics, movie posters, Americana, historical documents and fine art, as well as 20 other specialties. After a 15 year absence from the philatelic field, due to a non-compete agreement, Heritage has recently rejoined the stamp auction market with the addition of a philatelic division.

Matthew Bennett International was founded in 1948 and was a Midwest regional presence for many years, eventually expanding its reach to the Mid-Atlantic. Harvey Bennett joined the family business in 1969 and took over the helm in 1993. Under his guidance, the firm expanded into an international presence and has earned a reputation as one of the foremost auctioneers of important philately in the United States, Europe and Asia. Bennett has conducted more than 50 single-owner sales, including: The Ernst Nyugren Collection of Finland, The Morris Rosen Collection of Olympics, The Frederick Mayer Collection of the 12c 1856 Issue, The Margie Faiman Collection of St. Louis Bears, The Gavin Fryer Collection of Important Worldwide Postal History and the "Sun" Collection of Chinese Red Revenues.

"We're quite pleased to have Harvey Bennett join the Heritage team," said Ivy. "He's a recognized expert and a widely respected voice in rare stamps. In combining the reach and tech savvy of Heritage with the history and reputation of Matthew Bennett International, our goal is to create a whole new generation of stamp collectors from a broad array of non-traditional categories while offering experienced collectors the very best rare stamps the market has to offer."

Heritage Auction Galleries' conducts weekly Internet Rare Stamp Auctions, with the next one beginning approximately April 12 at www.HA.com/Stamps. The next Signature® Stamp Auction is scheduled for late spring 2009.

For more information email Harvey Bennett at HarveyB@HA.com.

Heritage Auction Galleries is the world's third largest auction house, and by far the largest auctioneer of rare collectibles, with annual sales more than $700 million, and 425,000+ registered online bidder members. For more information about Heritage's auctions, and to join and gain access to a complete record of prices realized, along with full-color, enlargeable photos of each lot, please visit www.HA.com.



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