(Press Release)
NEW YORK – CIRCA Inc. has announced its acquisition of Hampton Estate Auctions. Hampton is a live online auction house operating for the past three years specializing in jewelry, watches, coins and silver. Prior to the acquisition, Hampton was owned and operated by Vadim Krivitsky & Associates, located in Lahaska, PA.
“The acquisition of Hampton will broaden the array of services CIRCA is able to offer to our global client base, giving our clients and customers another compelling reason to do business with CIRCA,” says Richard Tilles, president of CIRCA.
It is anticipated that Vadim Krivitsky will maintain his association with Hampton, working with CIRCA to further develop the auction business. Krivitsky says, “CIRCA’s global reach and multiple buying locations will provide new and exciting product to the Hampton auction site, giving Hampton’s customers a broader array of fine jewelry and luxury watch products to choose from, which will lead to significant growth opportunities for Hampton and CIRCA.”
“The addition of the Hampton auction site to CIRCA’s business portfolio is a strategic move that will better position CIRCA for revenue growth and improved profitability in the next few years,” says Laurence R. Grunstein, CIRCA CEO.
In addition to Hampton, CIRCA owns and operates PORTERO.com, a reseller of pre-owned luxury handbags, watches and jewelry. PORTERO was acquired by CIRCA in 2013.