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Tag: RM Auctions

Breaking news! Sotheby’s acquires 25 percent interest in RM Auctions

Breaking news! Sotheby’s acquires 25 percent interest in RM Auctions

RM Auctions and Sotheby’s are moving from joint-venture to full partnership with Sotheby’s taking a 25 percent financial interest in the classic car auction house founded and led by Rob Myers. Sotheby’s, established in England in 1744 and the oldest company listed on the New York Stock Exchange, has an option to increase its ownership […]

By February 18, 2015 1 Comment Read More →
RM’s $22 million sale revs up Retromobile

RM’s $22 million sale revs up Retromobile

Although the classic car market is strong enough that five car owners could turn down bids in excess of $1 million — in one case more than $2 million — RM’s second annual Paris auction generated more than $22 million in sales Wednesday as Retromobile, Europe’s huge winter celebration of classic cars, got underway. And […]

By February 5, 2015 Read More →
Rare 1960 Ferrari 400 Superamerica cabriolet being sold for charity at RM’s Amelia Island auction

Rare 1960 Ferrari 400 Superamerica cabriolet being sold for charity at RM’s Amelia Island auction

One of the most valuable automobiles ever offered at an Amelia Island, Florida, auction – a rare 1960 Ferrari 400 Superamerica short-wheelbase cabriolet – highlights RM Auctions’ sale March 14 of 90 classic cars. But most significantly, proceeds from the sale of the beautiful V12-powered sports convertible will be donated to the current owner’s foundation […]

By January 29, 2015 Read More →
Barn-found collection provides spice as Retromobile gears up to celebrate its 40th anniversary

Barn-found collection provides spice as Retromobile gears up to celebrate its 40th anniversary

‘The Past Still Has a Future” is the theme for the 40th Salon Retromobile, Europe’s massive annual classic car celebration and break from winter, which this year takes place February 4-8 inside the Paris Expo Porte de Versailles, and not far from the Eiffel Tower. Automakers bring cars from their museums, major classic car dealers […]

By January 28, 2015 Read More →
RM, Sotheby’s planning another NYC sale

RM, Sotheby’s planning another NYC sale

In the fall of 2013, RM and Sotheby’s “set out to create the finest automobile auction that there has ever been,” which is how RM founder Rob Myers put it. That sale was the “Art of the Automobile” auction and was staged in New York City, where people are accustomed to purchasing major works of […]

By December 22, 2014 Read More →
Mussolini-linked ’39 Alfa Romeo in RM’s Paris auction

Mussolini-linked ’39 Alfa Romeo in RM’s Paris auction

Fascist dictator Benito Mussolini wreaked havoc in Italy during the 1930s and into the wreckage of World War II. His reign of death and destruction left the country in ruins. Yet, he also left behind something beautiful, and here it is: The 1939 Alfa Romeo 6C 2500 Sport Berlinetta by Touring that he gave to […]

By December 8, 2014 1 Comment Read More →
RM Auctions will handle downsizing of Andrews Collection in May, 2015

RM Auctions will handle downsizing of Andrews Collection in May, 2015

At one point, the father-and-son team of Paul and Chris Andrews had more than 150 vehicles in their classic car collection. However, said Paul, “When you get down to it, the most fun you can have in a car is using it how it’s meant to be used… on the road.” On May 2, 2015, […]

By November 26, 2014 Read More →
Sam Pack Five Star Collection sale totals $11.5 million

Sam Pack Five Star Collection sale totals $11.5 million

With a 1967 Shelby 427 Cobra leading the way at $1,292,500, the RM and Auctions America sale of the Sam Pack Five Star classic car collection generated more than $11.5 million at an auction staged over the weekend at Dallas. Pack, a Ford executive turned Ford (and other automotive brands) megadealer, has spent more than […]

By November 17, 2014 Read More →
RM to auction 132 cars from Sam Pack collection

RM to auction 132 cars from Sam Pack collection

A Texas-sized herd of top-grade collector cars comes to auction next week when RM Auctions offers 132 vehicles from the immense collection of Dallas auto dealer and renowned car enthusiast Sam Pack. The sale will be held by RM and its Auctions America division November 14-15 at the Pack Automobile Museum in Farmers Branch, Texas, where […]

By November 6, 2014 Read More →
‘Family’ cars do very well at RM’s Hershey auction

‘Family’ cars do very well at RM’s Hershey auction

This being Hershey, not Monterey, the catalog for the annual RM Auction was packed with pre-war classics, not Ferraris and similar multi-million-dollar sports cars. Nonetheless, the sale generated $14,074,250 in transactions and a very strong 93-percent sell-through rate. “We’re ecstatic about the results,” RM car specialist Gord Duff said in a post-event news release. The […]

By October 13, 2014 Read More →