RM Sotheby's
| Company type | Privately held company |
|---|---|
| Industry | Auctioneering |
| Founded | Ontario, Canada (1991) |
| Founder | Rob Myers |
| Headquarters | Blenheim, Ontario |
Area served | Worldwide |
Key people | Rob Myers Chairman and CEO Kenneth Ahn President Maarten ten Holder Head of Europe and Chief Auctioneer Gord Duff Global Head of Auctions Shelby Myers Global Head of Private Sales |
| Products | Automobiles & Memorabilia |
| Services | Auctions, Private Sales, Financial Services, and Restoration |
| Subsidiaries | RM Auctions |
| Website | RMSothebys.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]
RM has sold 28 million-dollar-plus cars."Celebrated 1956 Ferrari sold for $28m at New York auction", 11 December 2015 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 August 25, 2018, a Ferrari 250 GTO was sold at their Monterey auction for 48.4 million dollars, making it the most expensive car sold at auction.[3]
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.[4]
RM Auctions
RM Auctions is a subsidiary of RM Sotheby's. Kruse International sold the Auburn Auction Park to RM Auctions, on July 1, 2010.[5]
References
- ^ Rob Sass (2008-08-07). "New York Times". The New York Times. Retrieved 2008-08-27.
- ^ "Ferrari Testa Rossa Breaks All Time Record". 2009-05-17. Retrieved 2009-06-17.
- ^ Pascus, Brian. "A 1962 Ferrari 250 GTO just sold for a record-breaking price of $48.4 million at auction". Business Insider. Retrieved 2019-02-11.
- ^ "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.
- ^ Jewett,Dale."RM Auctions buys Auburn complex from Kruse", "AutoWeek", Detroit, 1 July 2010. Retrieved on 24 February 2012.
