RM Sotheby's

RM Auctions
Industry Auctioneering
Founded Ontario, Canada
(1991)
Founder Rob Myers
Headquarters Blenheim, Ontario
Key people
 Rob Myers
CEO
Products Automobiles
Services Auctioneering, Restoration, Financial Services
Subsidiaries Auctions America by RM
Website RMAuctions.com

RM Sotheby's (formerly RM Auctions), incorporated in 1991, is a classic car auction company which maintains offices in Canada, the United States, UK, and Germany. The company's headquarters are located in Blenheim, Ontario. The company also does restoration, private treaty sales, auctions, estate planning and financial services.

RM has additional divisions, including a full restoration shop.

History

RM averaged $303,000 per sale in 2007.[1]

As of May 2, 2010, RM has sold 160 million-dollar-plus cars. RM holds five of the top 10 - and four of the top five – all time records for the most expensive motor cars sold at auction, with the number one car being the 1957 Ferrari 250 Testa Rossa sold in May 2009 for $12,402,500 in Maranello, Italy.[2]

On February 18, 2015 RM Auctions announced the formation of a new strategic partnership with Sotheby's, with Sotheby's acquiring a 25 percent ownership interest in RM. The auction house will now be known as RM Sotheby's.[3]

Auctions America

Auctions America is a collector car and vintage motorcycle auction company that was incorporated in July 2010 under the RM Auctions banner. It’s headquartered in Auburn, Indiana, at the 235-acre Auburn Auction Park. Auctions America hosts multiple auctions throughout the year at locations across the country, including Auburn, Indiana; Fort Lauderdale, Florida; and several venue's in California.

Auctions America is a subsidiary of RM Auctions. Kruse International sold the Auburn Auction Park to RM Auctions, on July 1, 2010.[4]

References

  1. ↑ Rob Sass (2008-08-07). "New York Times". The New York Times. Retrieved 2008-08-27.
  2. ↑ "Ferrari Testa Rossa Breaks All Time Record". 2009-05-17. Retrieved 2009-06-17.
  3. ↑ "Sotheby's acquires an ownership interest in RM Auctions, the world's leading auctioneer of premium collectible automobiles". 2015-02-18. Retrieved 2015-02-18.
  4. ↑ Jewett,Dale."RM Auctions buys Auburn complex from Kruse", "AutoWeek", Detroit, 1 July 2010. Retrieved on 24 February 2012.
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