Sotheby’s First RM Auction Sale Takes Place March 14, 2015 on Amelia Island

Sotheby's First RM Auction Sale Takes Place March 14, 2015 on Amelia IslandNew York – Sotheby’s and RM Auctions are pleased to announce the formation of a new strategic partnership as Sotheby’s acquires a 25 percent ownership interest in the world’s foremost collector car auctioneer, which will now be known as RM Sotheby’s.

This long-term investment comes as the more than $2 billion market for the finest automobiles continues to grow, presenting increasing opportunities for both companies. Sotheby’s and RM have previously collaborated on a number of successful sales in both the United States and Europe, most notably the November 2013 Art of the Automobile auction in New York, which achieved nearly $63 million in just two hours and saw a new auction record set for a Ferrari 250 LM at $14.3 million.

The announcement grows those previous partnerships and unites the two businesses for the full calendar of future automobile auctions. The first RM Sotheby’s sale will take place in Amelia Island, Florida, March 14, with additional auctions in Fort Worth, Texas, Lake Como, Italy, Monterey, California, London, England and New York among others scheduled for later this year.

“Sotheby’s is thrilled to join the clear market leader in this field,” commented Bill Ruprecht, Sotheby’s President, Chairman, and CEO. “RM has established a formidable position that will only be strengthened by this new phase in our relationship. Just last year, RM set a new benchmark for a collector car auction with their flagship Monterey sale totaling more than $140 million, eclipsing the previous record they had established in 2013. The incredible synergy between our businesses, including significant overlap of top collectors and a focus on new markets, will be further strengthened as we work together to expand the classic car collector base. RM’s ownership of the high end of the market coupled with our global client network positions us for great success at a time when the market for investment-quality motor cars has never been stronger.”

Rob Myers, Chairman and Founder, RM Auctions added, “The partnership that has been formed between RM Auctions and Sotheby’s is undoubtedly the most effective way for us to reach the ever-growing worldwide audience of collectors who take a keen interest in the collector car asset class. No other organization in the world has a client base as far-reaching as Sotheby’s and since we have worked so closely and successfully with them in the past, it makes perfect sense that we form a strategic partnership that creates a truly worldwide platform for collector cars. It’s an exciting time in our company history, and for the hobby at large.”

Initially Sotheby’s will have a 25 percent ownership position in RM, governance participation and a comprehensive partnership agreement to work together to drive growth in the business. Over time, Sotheby’s will have opportunities to increase the ownership stake as the partnership evolves and grows.

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RM Auctions to Sell Daytona Winning Jaguar at Amelia Island

RM Auctions to Sell Daytona Winning Jaguar at Amelia Island

Photo credit – Tim Scott Fluid Images © 2014 courtesy RM

Blenheim, Ontario – RM Auctions, the official auction house of the Amelia Island Concours d’Elegance, is delighted to announce it has secured one of the most historic sports prototype racing cars of the modern era – the Works Jaguar XJR-9, chassis 388, which won the Daytona 24 hours in 1990. Poised to cross the auction podium at RM’s highly anticipated Amelia Island sale, March 14, #388 is the third of just three cars constructed for the 1988 IMSA GT Championship, run by Tom Walkinshaw Racing (TWR), and the only remaining example of just two XJR-9 chassis ever manufactured as purpose-built IMSA specification cars.

Prior to its most famous victory in 1990, #388 enjoyed two highly successful seasons in 1988 and 1989. In 1988, predominantly in the hands of Davey Jones and Jan Lammers, the car achieved four podium finishes and never finished a race outside of the top seven, a superb achievement that helped the Jaguar team secure third place in the IMSA constructor’s championship, stamping its authority in both IMSA and Group C racing.

During the 1989 season, #388 was an equally strong contender, achieving three front-row starts including a pole position, four second-row starts and eight overall podium finishes. The ’89 season saw Price Cobb and John Nielsen join the car’s driver roster, leading it to a remarkable record that saw it finish on the podium for two-thirds of all the races it competed in.

By the start of 1990 season, #388 was fully developed into XJR-12 specification and went on to famously win the season’s headline event, the 24 hours of Daytona, in the hands of Davey Jones, Jan Lammers and Andy Wallace. The victory was an unquestionable high point in Jaguar’s illustrious endurance racing history, especially after having finished second overall with this car at Daytona in 1989. #388 also secured a podium finish at Sebring in 1990.

“We’re thrilled to have been entrusted with the Works Jaguar XJR-9 for our Amelia Island sale. Its offering is made all the more special given 2015 marks the 25th anniversary of its win at Daytona,” says Max Girardo, Managing Director, RM Auctions Europe. “It is a true work of art that effortlessly blends great design and engineering with incredible performance. The lines are fantastic – it appears fast even when standing still – and then there’s the massive V-12 engine that can help propel it to a blistering 240 mph. Despite all this, it is not an intimidating car. Having driven it recently, I can attest that it is a delight to drive and easy to handle.”

A short video highlighting the car with commentary from Max Girardo and Martin Brundle, TWR Jaguar Driver can be seen below:

The historic Works XJR-9 Jaguar will lead an exceptional roster of more than 80 handpicked automobiles at RM’s Amelia Island auction. Celebrating its 17th year as the official auction house of the Amelia Island Concours d’Elegance in 2015, the RM sale returns to the prestigious Ritz-Carlton, March 14. For further event details, including a frequently updated list of entries, please visit www.rmauctions.com or call toll-free 800.211.4371 (1 519 352 4575 outside North America).

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Bonhams Partners with Micah’s Place

Bonhams Partners with Micah's PlaceNew York – In recognition of Domestic Violence Awareness Month this October, it is timely to announce Bonhams’ support of Micah’s Place – a non-profit, certified domestic violence center serving the communities of Amelia Island and Nassau County in northeast Florida.

Micah’s Place, with its professional, full-time staff and a support base of nearly 300 dedicated volunteers, offers free emergency services, shelter and assistance to victims of abuse and their families.

With stories of domestic violence perpetrated by professional athletes dominating news headlines in America in recent weeks, this subject has never been more appropriate.

Bonhams is committed to supporting worthy causes and the communities in which it does business. And with the recent announcement of Bonhams’ Amelia Island collector car auction scheduled for next March, at the Fernandina Beach Municipal Golf Course, the premier international auction house is proud to partner with the municipality of Fernandina Beach and Micah’s Place.

This will be an additional automotive event to compliment the offerings of Fernandina Beach and Amelia Island including the RM Auction held at the Ritz Carlton Amelia Island March 12, 2015, the Concours d’Elegance Amelia Island held March 13 – 15, 2015, the Gooding and Company held March 13, 2015 at the Omni Amelia Island Plantation, and the Festivals of Speed held on the property of Omni Amelia Island March 13 – 14, 2015.

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