RM Auctions
| Industry | Auctioneering |
|---|---|
| Founded | Ontario, Canada (1991) |
| Founder | Rob Myers |
| Headquarters | Blenheim, Ontario |
|
Key people
|
Rob Myers CEO |
| Products | Automobiles |
| Services | Auctioneering, Restoration, Financial Services |
| Subsidiaries | Auctions America by RM |
| Website | RMAuctions.com |
RM Sotheby's (formerly RM Auctions), 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.
RM averaged $303,000 per sale in 2007.
As of May 2, 2010, RM has sold 160 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 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.
Auctions America is a collector car and vintage motorcycle auction company that was incorporated in July 2010 under the RM Auctions banner. It’s headquartered in Auburn, Indiana, at the 235-acre Auburn Auction Park. Auctions America hosts multiple auctions throughout the year at locations across the country, including Auburn, Indiana; Fort Lauderdale, Florida; and several venue's in California.
Auctions America is a subsidiary of RM Auctions. Kruse International sold the Auburn Auction Park to RM Auctions, on July 1, 2010.
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