8 months ago. Ten cars sold for $1.5 million or more through RM Sotheby’s, Bonhams, and Gooding & Co. A Ferrari race car even set an online record. If there is a discrepancy, contradiction, or question of interpretation regarding enforceability between the English version of the Conditions of Business and a version of the Conditions of Business produced in a language other than English, the English version of RM’s Conditions of Business will supersede.25.2. If the Buyer of a Lot(s) resides in an American state in which RM is registered to collect/remit sales tax, RM is required to collect/remit sales tax on the purchase of that Lot(s). Other stand out highlights from across the sale include the, RM SOTHEBY’S ANNOUNCES EXQUISITE DUO OF ICONIC FERRARIS FOR ONLINE ONLY: SHIFT/MONTEREY AUCTION, Motorsport Modern Art: Three Professional-Grade Cars Race to Monterey, What’s a Duesy? The 2001 Ferrari 550 GT1 goes into the record books as the most valuable car ever sold… online. Anti-Money Laundering. If for whatever reason RMS is forced to correct any Title defect, the Consignor agrees to first pay RMS a minimum fee of US$500.00 and, if the Title defect costs more than US$500.00 to correct, the Consignor agrees to pay for any and all additional reasonable expenses related to correcting such defect (“Title Fees”). 27.3. Among RM Sotheby’s, Gooding & Company and Bonhams sales, the median price-to-condition-appropriate-value was 5.3 percent above expectations, versus 4.4 percent in … 6.14. Any Inspection Report does not relieve the Buyer of the Lot(s) from his/her/its obligations outlined in clause 4 of these Conditions of Business. Winterizing one or more of the Lot(s) means that the Consignor has completely filled and properly mixed, at a minimum, –20°F-rated antifreeze into their Lot’s radiator.28.2. In each case as amended by any notice or website update. Subject to fulfillment of the Contractual Obligations, at the Close of Lot, the contract between the Consignor and the Bidder is concluded.12.2. The incredible 2001 Ferrari 550 GT1 Prodrive, an icon of modern era sports car racing, achieved $4,290,000 in a hard-fought bidding war on the final day of the sale. Anti-sniping: If a bid is placed within the final two minutes of bids being accepted on an individual lot, the Online Only Auction for that individual lot will be extended by an additional two minutes to prevent a Bidder from trying to place a high bid in the final moments of the Online Only Auction for that individual lot.27. Impeccably presented and in fully rebuilt, race-ready condition, this Classiche certified Ferrari racing car was the undoubted star of the sale. And that’s how many of the so-called prancing horses are now set to cross the block at RM Auctions’ Monterey sale on August 15th and 16th in California. Notice to Consignor as Required by the California Department of Motor Vehicles Code Section 11729: Failure by RMS to comply with the terms of these Conditions may be in violation of statute, which could result in criminal or administrative sanctions, or both. Government/court actions, orders, injunctions, regulations, laws, or non-compliance with applicable rules, regulations, or laws to hold the Online Only Auction that necessitate a cancellation.17. If so, input your company name: You haven't completed the registration, check your email for instructions. If the Consignor does not remove the Lot(s) from either RMS’ Auburn, Indiana; Stuart, Florida; or Culver City, California facility, the Consignor will be required to pay RMS a storage fee of US$50.00 per day. 1800217).35. Some of the Best Live Entertainment of 2020 May Be at Your Polling Place Read More The OTTO Car Club will be the site of RM Sotheby’s Arizona auction | OTTO Car Club photo. In January 2020 – shortly before the coronavirus began circling the globe – a record 8 separate car auctions were held in the Scottsdale/Phoenix area, dominated by … Consigned to RM Sotheby’s Online Only auction directly by the Ferrari 550 GT1 Prodrive program promoter, Care Racing Development, single owner of the car since its race preparation in 2001, the Ferrari 550 GT1 Prodrive, serial number CRD 002/2001, is the second of ten Ferrari 550 GT1 examples built by Prodrive and it competed in 49 races, taking 15 pole positions, 14 outright race wins including The 24 Hours of Spa in 2004. Video walk around 1955 Mercedes-Benz 300SL Coupe. As used in these Conditions, a “sale” occurs between the Consignor and the Buyer when the hammer or equivalent device or mechanism drops on the Hammer Price or when the time expires on a time-based online auction or when the auctioneer awards the Lot(s) to the highest Bidder, provided the Consignor is able to receive at least the net reserve price, defined as reserve price minus Sellers’ Commission as agreed in the Consignment Agreement package.6.3. Verbal bidding instructions will not be accepted._____________Bidders’ InitialsIf any dispute arises after the sale wherein an RM Car Specialist bid on behalf of a Bidder during the Online Only Auction, the Bidder acknowledges that RM will not be held responsible for any errors or omissions in connection with the calling/displaying/accepting of bids.________________________________ Date ____________________________________Signature of Bidder. 15.5. Share this NEWS. the applicable Buyers’ Premium (defined below). The auction will begin on the date notified to you when you register for the relevant auction and will follow a timed-auction format. The full Privacy Policy can be found at the bottom of the RMS website homepage under the Privacy and Terms tab. Online Only Auction lots are expected to close approximately 1 week after the bidding opens to registered bidders.1.3. With the Exception of the Twenty-Day Window, All Sales Are “As Is” and “Where Is.” No warranties or representations of any type whatsoever are made by RM or any Consignor to the Bidder regarding any Lot(s) offered in an RM sale. The Online Only Auction is scheduled to take place in the month of August 2020 and will follow a timed-auction format. Any and all condition, mechanical, provenance, or other written reports relating to the Lot(s) are an opinion only (“Inspection Report”). Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RM a Buyers’ Premium of 20% on the Hammer Price of those particular lots.9. Home > Auctions > 6th/15th Aug 2020 - RM Sotheby's - Monterey Auction 6th/15th Aug 2020 - RM Sotheby's - Monterey Auction. 4.1.1. RM Auctions at Monterey Auction Results. Anti-Money Laundering: The Consignor agrees to provide all information and assistance reasonably requested by RMS to comply with RMS’ internal anti-money laundering process and to comply with any and all anti-money laundering laws and regulations.33. RM is not responsible for the acts or omissions in our packing or shipping of purchased Lot(s) or of other carriers or packers of purchased Lot(s), whether or not recommended by RM. MONTEREY CAR WEEK & PEBBLE BEACH CONCOURS D'ELEGANCE August 6 - 15, 2021 Please check our Events Calendar for updates or check with individual establishments to inquire further.. A tradition going back over half a century, the Pebble Beach Concours d'Elegance is where the world's collector cars meet and compete. If you wish to ask any questions regarding the use of your personal information, request a full accounting of what personal information is on file with RMS, unsubscribe to any services, or purge your personal information from RMS’ systems, please email privacy@rmsothebys.com.32. All purchased Lot(s) must be removed by the Buyer from the location in which they resided during the auction within 5 business days of the auction (“RM Removal Deadline”).19.2. 5.3. RMS faces significant reputational damages that would cause monetary damages for selling the Lot(s);17.5. The very best Mercedes Benz 220 SE you'll ever see, 1960 220 SE Sunroof Coupe. This primed-for, Ella Fitzgerald's 1959 Mercedes-Benz 300 D Cabriol, Beautiful 29k mile 1970 Mercedes-Benz 280 SE 3.5 S, This rare 4-speed manual 280 SL from the final mod. The "worst case scenario" involves recreating the 2020-2021 Monterey city budget to reflect loss in tax revenues after RM Sotheby's, Russo and Steele, and Mecum called off their auctions … Classic Car Collection Consultation Services, For Sale 1955 Mercedes-Benz 300SL Gullwing, SOLD 1955 Mercedes-Benz 300SL Gullwing Coupe, For Sale 1958 Mercedes-Benz 300SL Roadster, For Sale The Ella Fitzgerald 1959 Mercedes-Benz 300 D Cabriolet. Auction Tools. RM Sotheby’s is the world’s leading auction house for collector cars. 6. It is the last V-12 engined Ferrari to win a 24-hour race overall, and the car finished on the podium some 29 times. Whenever used in these Conditions of Business, as the contract requires, the singular number shall include the plural, the plural number shall include the singular, the masculine gender shall include the feminine and neuter, the feminine gender shall include the masculine and neuter, and the neuter gender shall include the masculine and feminine.25. In the event a new or replacement battery costs more than US$200.00 (or the local currency equivalent), RMS will charge the actual cost of battery plus US$200.00 if the battery is replaceable by an RMS employee. (Clauses 3 to 3.2.1 together are “Twenty-Day Window”)4. Aug 27, 2020 - Industry Leader in Vintage and Exotic Motorcar Leasing. 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