RM Auctions

RM Auctions

RM Auctions, incorporated in 1991, is the world's largest classic car auction company. [cite web |url=http://www.rmauctions.com/History.cfm |title=Official history of RM Auctions |accessdate=2008-08-27] RM Auctions is a Canadian company which maintains offices in Canada, the United States and England. The company's headquarters are located in Blenheim, Ontario. RM runs a number of auction events which can be broken into two major categories: catalogue, and non-catalogue sales.

Catalogue sales are those for which RM publishes a high quality book detailing the back story and individual details of each and every car in the sale. The catalogues are included with registration to bid at any of the sales. The value of the vehicles offered for sale at a catalogue event far exceeds the values of vehicles offered at a non-catalogue event. Vehicle values tend to range from around twenty-five thousnad US dollars to nearly ten million US dollars. The number of lots offered for sale during a catalogue event rarely exceed 200 and has been as low as 31. The catalogue sales employ a British auctioneer by the name of Peter Bainbridge.

Non-catalogue sales tend to focus more on mainstream collector cars. These sales tend to have far more cars and the vehicles tend to be more affordable. These vehicles often range from a few thousand dollars to an upper limit of a few hundred thousand. The non-catalogue sales usually employ American style auctioneers (the oldest and best known example of this style is Kruse International who supplied auctioneers to RM until 1999).

The regularly scheduled events of the RM schedule are:

*Vintage Motor Cars in Arizona
*The Florida Collector Car Auction
*Vintage Motor Cars at Amelia Island
*Toronto International Spring Classic Car Auction
*Michigan International Spring Classic Car Auction
*Ferrari - Leggenda e Passione
*Vintage Motor Cars at Meadow Brook Hall
*Monterey Sports and Classic Car Auction
*Vintage Motor Cars at Hershey
*Toronto International Fall Classic Car Auction
*Automobiles of London

RM also has other divisions, including a full restoration shop. Their restored vehicles have won awards, including Pebble Beach Concours d'Elegance wins in the last few years, including an unprecedented three best in show wins in a six year period.Fact|date=August 2008

RM Auctions is often compared against Barrett-Jackson, a more publicized, high-volume car auction company. While Barrett-Jackson averaged around $75,000 per sale, RM averaged $303,000 in 2007. [Cite news |url=http://www.nytimes.com/2008/08/10/automobiles/collectibles/10PEBBLE.html?ref=automobiles |title=New York Times |author=Rob Sass |publishdate=2008-08-07 |accessdate=2008-08-27]

References

External links

* [http://www.rmauctions.com Official homepage]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • auctions — A sale open to the general public and conducted by an auctioneer, a person empowered to conduct such a sale, at which property is sold to the highest bidder. Dictionary from West s Encyclopedia of American Law. 2005. auctions …   Law dictionary

  • auctions — A public sale in which property or items of merchandise are sold to the highest bidder. Auctions are great places to find deals, but be careful and do your research (BANKRUPTCY DICTIONARY OF TERMS)/. United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • auctions — (art and antiquities) Auctions, no longer rejected as capitalist, were reintroduced in China in the early 1990s. In May 1991, China’s National Cultural Conference decided that auction markets of artworks might be established in China in an effort …   Encyclopedia of Contemporary Chinese Culture

  • Auctions and Collections — ▪ 1995 Introduction ART Auctions AND SALES       The 1993 94 auction season was dominated by the sales of celebrity collections and the exorbitant prices paid by admiring fans for artistic mementos. Princess Gloria von Thurn und Taxis of Germany …   Universalium

  • auctions — auc·tion || ɔːkʃn n. public sale where items are sold to the highest bidder v. sell at an auction (public sale in which items are sold to the highest bidder) …   English contemporary dictionary

  • auctions —    The major auction houses in Britain are Sotheby’s, Christie’s, Bonham’s and Philips. Scandals over the provenance of antiques in Italy and of the selling on of antiquities from the East have soured the reputation of Sotheby’s. The popular… …   Encyclopedia of contemporary British culture

  • German wine auctions — A number of German wine auctions are held each year, where the premier German wine producers auction off some of the best young wines, as well as some older wines. Most auctions are arranged by the regional associations of Verband Deutscher… …   Wikipedia

  • Mock Auctions Act 1961 — Parliament of the United Kingdom Long title An Act to prohibit certain practices in relation to sales purporting to be sales by auction. Statute book chapter …   Wikipedia

  • Cherrystone Auctions — is a philatelic auction house located in New York, New York. Cherrystone was founded in 1967 as a storefront, and in 1985 Cherrystone began holding public auctions. The store was closed shortly thereafter and Cherrystone now holds public auctions …   Wikipedia

  • Disney Auctions — was created in October of 2000 with a partnership between The Walt Disney Company and eBay. Items like signs and ride vehicles from Disneyland and Walt Disney World are commonly sold as well as costume pieces and props from previously released… …   Wikipedia

  • English country house contents auctions — are usually held on site at the country house, and have been used to raise funds for their owners, usually before selling the house and estate. Such auctions include the sale of high quality antique paintings, furniture, objet d art, tapestries,… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”