RM Sotheby’s, the world’s largest auction house for investment-quality automobiles, has announced that it will expand its reach and level of client service with the creation of RM Sotheby’s Private Sales, a division of the RM Sotheby’s Group.
For more than two decades, RM Sotheby’s has been trusted to handle the discreet sale of many of the world’s most significant collector cars. June 2018 will see the formal launch of RM Sotheby’s Private Sales division, including a dedicated section on rmsothebys.com, and providing increased ease of service to RM Sotheby’s global network of clientele.
RM Sotheby’s Private Sales division provides collectors with discreet and honest advice, coupled with unparalleled global transaction execution. The division offers a tailored approach to clients through each stage of a private sale, from analysis, to acquisition and deaccession. Thanks to the company’s extensive auction experience, the Private Sales division is equipped with an arsenal of tools to achieve the best possible result for any car the team is entrusted with.
The Private Sales division is led by veteran car specialist and Global Head of Private Sales, Shelby Myers, alongside Jarrett Rothmeier, Chief Financial Officer for the RM Sotheby’s Group, and the team’s newest addition, Armando Petretti, Private Sales Car Specialist.
Shelby Myers, Global Head of Private Sales offers, “The newly established Private Sales division offers clients the unique advantage of leveraging the knowledge of RM Sotheby’s global team of 29 car specialists, combined with the company’s expansive client relationships, in-house research team, renowned marketing and creative departments, and public and private showrooms in both North America and Europe. Above all, clients can be secure in knowing that RM Sotheby’s Private Sales is committed to upholding client confidentiality across all divisions and at every step of the transaction process.”
Continuing; “Our auction platform provides us with the unique ability to gauge supply and demand and subsequently provides the foundation of market intelligence that many dealers and brokers simply do not have access to. Leveraging the largest balance sheet in the industry, the RM Sotheby’s Private Sales division has the ability to financially support any transaction or requirement of immediate capitalization.”
RM Sotheby’s will launch its official Private Sales division with the most iconic supercar of the modern era—a 1998 McLaren F1 ‘LM-Specification’. The 63rd and penultimate road-specification example built, the car on offer is one of just two F1s upgraded by McLaren Special Operations with the LM-spec engine, the same engine as fitted in the limited edition, stripped-down F1 LMs. Furthermore, it also received the ‘Extra High Downforce Package’ in period, while retaining its road-specification interior, which features numerous upgrades, including satellite navigation. One of the most desirable examples in existence, the McLaren offers the best of both worlds: a fully street-legal F1 with LM performance and modern upgrades for driver comfort.
Additional cars currently on offer through RM Sotheby’s Private Sales include:
- 1928 Mercedes-Benz 680 S Torpedo-Sport Avant-Garde
- 1930 Bentley 61/2-Litre ‘Speed Six’ Sportsman’s Saloon
- 1960 Mercedes-Benz 300 SL Roadster
- 1961 Ferrari 400 Superamerica SWB Coupe Aerodinamico
- 1966 Ferrari 275 GTB Alloy
- 2003 Aston Martin DB AR1
- Further inventory available upon request
Myers adds: “It is important to note that private sales have always been a large part of our ongoing business and for some of our clientsit is the preferred arena for transacting. Historically, we have always worked with collectors to service this need, and we will continue to work with industry leaders including dealers and brokers, understanding that to be successful on behalf of the client, one must collaborate rather than compete”.
The global reach of the Private Sales division will expand across continents and cover a truly global marketplace. The division will have prominent visibility at RM Sotheby’s annual roster of auction events, debuting at the upcoming RM Sotheby’s flagship Monterey sale. The bespoke exhibition at the newly-renovated Monterey Conference Center, 24-25 August, will mirror the high level of presentation synonymous with the RM Sotheby’s name.
