RM Sotheby's
RM Sotheby's, 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.
RM has sold 28 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.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.
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.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.
