Extreme Collection Hitting RM Sotheby’s Auction Block Soon

Posted on by Imagine Lifestyles

Luxury auction house RM Sotheby’s has proven to be quite the powerhouse–and they are continuing to dazzle in fashion with one of the most extensive and exciting automobile auctions looming on the horizon. Not only are the usual rare and notable vehicles lined up for action, but also the first and last Bugatti Veyron units will be sold at the same event!

The Pinnacle Portfolio will hit the RM Sotheby’s auction block on August 13th, 2015. By the time the final hammer lands, over $65 million dollars may have changed hands as well as both the first and last Bugatti Veyron models ever made. The clip above shows some of the inventory–prepare for feelings of intense envy. read more

Sotheby’s Now Owns Part of RM Auctions

Posted on by Imagine Lifestyles
RM Sotheby’s

Luxury auction house Sotheby’s has acquired an ownership interest in RM Auctions, creating a dynamic duo of great magnitude now dubbed ‘RM Sotheby’s’. Their first joint sale took place in Florida last month with a record $60 million in collector cars changing hands.

Sotheby’s and RM Auctions: Game, set and match. 

Sotheby’s now owns a 25 percent share in RM Auctions in a long-term investment strategy to cater to the burgeoning market. Analysts peg the market for collector cars at a staggering $2 billion, making the partnership a seemingly wise move in terms of creating a larger fishing net than those wielded by competing auction houses. This is not the first time the pair has joined forces—recall the ‘Art of the Automobile’ auction back in 2013. That team effort ended in $63 million in sales in just 2 hours, with the Ferrari 250 LM going for $14.3 million. That sale and a few other joint efforts were but the beginning of this now legal union, which is certain to flourish as the economy continues to regain strength. read more