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Heritage Auctions, which is based in Dallas, TX, has announced that they will be expanding their New York City office. The company has leased over 5,000-square-feet of additional space next to their current Park Avenue location. The expansion, which has tripled the auction house’s space in New York, will include an area for private sales, a showroom for exhibiting auction highlights, and a saleroom for small, on-site auctions. Heritage will continue to hold their larger sales at the Fletcher Sinclair mansion across from the Metropolitan Museum of Art.

Heritage, which was established in 1976, is currently the largest auction house specializing in collectibles such as rare coins, civil war memorabilia, fine and rare wine, and rare books and manuscripts. The auction house brought in around $900 million in sales last year.

Dallas’ Southern Methodist University and Philadelphia’s Cultural Data Project have joined forces to launch the National Center for Arts Research. The Center, which is the first of its kind in the United States, will conduct, analyze, and assemble arts research as well as investigate issues concerning arts management and patronage. The Center will make all of its finding public to art leaders, funders, policymakers, researchers, and the general public.

Through extensive studies and follow-up analysis, the National Center for Arts Research plans to create a comprehensive depiction of the health of the country’s arts sector. The Center, which launched on February 13, 2013, plans to collaborate with I.B.M. to create an interactive dashboard that will allow arts organizations to compare themselves to their peers.

Jose Bowen, dean of the Meadows School of the Arts at Southern Methodist University said, “Arts organizations must have a more research-driven understanding of their markets and industry trends in order to more deeply engage existing audiences and reach new ones.” Along with management and patronage, the National Center for Arts Research will specialize in the impact of the arts on communities across the U.S. as well as fiscal trends and stability of the arts in the U.S.