RM Sotheby’s Group Launches Private Sales Division
RM Sotheby’s, the world’s largest auction house for investment-quality automobiles, has announced that it will expand its reach with the creation of RM Sotheby’s Private Sales.
For more than two decades, RM Sotheby’s has handled the discreet sale of many of the world’s most significant collector cars. Now the company is to launch a Private Sales division designed to deliver increased ease of service to its global network of clients.
The Private Sales division will provide collectors with expert advice, offering a tailored approach to clients through each stage of a private sale, from analysis to acquisition and deaccession.
It will be 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.
Speaking about the launch, Shelby Myers said: “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 capitalisation.”
RM Sotheby’s will launch the Private Sales division with one of most iconic supercars 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.
Additional cars set to be offered through RM Sotheby’s Private Sales include:a 1928 Mercedes-Benz 680 S Torpedo-Sport Avant-Garde, a 1961 Ferrari 400 Superamerica SWB Coupe Aerodinamico and a 2003 Aston Martin DB AR1.
The global reach of the Private Sales division will expand across continents, with prominent visibility at RM Sotheby’s annual roster of auction events, debuting at the upcoming RM Sotheby’s flagship Monterey sale.