Sotheby's Aquires 25% of Chatham-Based RM Auctions
Sotheby's Acquires 25 % of RM Auctions
Those of us who were born and raised in Chatham-Kent are no strangers to the letters RM. The brain child of Chathamite Rob Myers, RM is very familiar to Classic Car Enthusiasts here and around the world. RM Auctions is the world's leading auctioneer of premium collectible automobiles with 35 years experience. They hold the record for four out of the ten top records for the most valuable cars ever sold at auction. Just last year, RM set a new benchmark for a collector car auction in California at their Flagship Monterey sale reaching more than 140 million in sales.
Sotheby's, meanwhile brings to the table a more diversified picture. It has been uniting collectors with world-class works of art since 1744. Sotheby's became the First International Auction House when it expanded from London England to New York and later to Hong Kong, France and China. Today, it presents auctions in eight salesrooms around the globe and has 90 offices in 40 countries. Sotheby's BidNow program allows visitors to view all auctions live online and place bids in real-time from anywhere in the world. It also bring to the joint venture the resources of Sotheby's Financial Services, the world's only full servicing art financing company. The joining of these two giants in the world of auctions promises to further strengthen their position in a market that at present boasts $2 billion and is growing.
The two have collaborated in the past, both in North America and abroad. The most famous joint venture was the 'Art of The Automobile' auction held in November of 2013 which saw record sales of $63 million in two hours including the landmark sale of the Ferrari 250 LM which sold for $14.3 Million.
Under the new banner, RM Sotheby's, the new Company will make their premier appearance at the upcoming auction to take place March 14/2015 in Amelia Island, Florida with more events on the calender in Fort Worth, Texas, Lake Como, Italy, Monterey, California, London England and New York.
Rob Myers Chariman and Founder of RM Auctions was quoted as saying "the partnership... is undoubtedly the most effctive way for us to reach the ever-growing worldwide audience of collectors who take a keen interest in the collector car asset class........ it makes perfect sense that we form a strategic partnership that creates a truly worldwide platform for collector cars. It is an exciting time in our company history...."
Initially, Sotheby's will have 25% ownership. Over time they will have the opportunities to increase their ownership as the partnership grows and evolves.
Bill Ruprecht, Sotheby's President, Chariman and Ceo, said "RM has established a formidable position that will only be strenthened by this new phase in our relationship...... 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"
There you have it, history in the making and it all started right here in Chatham-Kent. Chatham-Kent is the ideal locations to live, work, raise a family , retire to, or purchase a vaction property at one of our area Resort Locations. Visit my website for more Chatham-Kent Events, Happenings and Choice Properties for Sale. Call me, Wayne Liddy 519-436-4810 Royal LePage Peifer Realty Inc. Brokerage for all your Real Estate needs today.
I hear people saying there is nothing to do in Chatham and I just cannot understand what they are talking about. We have a beautiful fully restored venue right here in Chatham-Kent, the St. Clair College Capitol Theatre located in Historic Downtown Chatham, that hosts a variety of shows and performances throughout the year. My wife and I have attended many shows featuring local talent as well as several top name performers.
A fairly new event that is being featured at the Capitol Theatre is Wednesday Movie Night. A pass is available to purchase for $40.00 plus GST ($42.00) for up to 42 movies or you can pay $5.00 at the door. The series features everything from family films to documentaries, blockbuster action films to classics and even a few chick flicks. Pick your favorites and enjoy the movies every Wednesday at 7 P.M. on a 40 ft. screen in this beautiful theatre. $1.00 Popcorn, candy and drinks. The series has been popular and is continuing. Now that is a bargain and the upcoming films for March are as follows;
March 4: Ghostbusters with Dan Akroyd and Bill Murray
March 11: John Wick an action film with Keanu Reeves
March 18: Birdman, Best Picture at 2015 Academy Awards with Michael Keaton
March 25: The Theory of Everything, the much talked about movie recounting the extraordinary story of one of the world's greatest minds, the renowned astrophysicist Stephen Hawking and his amazing accomplishments despite the diagnosis of a life changing illness at age 21.
In addition to Wednesday Movie Night at the Capitol, there are several great performances, March 6 , the Boogie Wonder Band, a dynamic 10 piece cover band from Montreal will take the stage and according to anyone who has seen their show, bring the 70's back to life with their eye-popping costumes and funkadelic sound.The Montreal Gazette was quoted as saying" Living proof that disco still rules the dance floor"
Mike the Knight Live in the Great Scavenger Hunt will take the stage at 1 P.M. on March 8. This will be and enchanting interactive performance for the whole family.
Next Step Dancers Live On Stage will perform music and popular dance routines from the hit series on March 24th at 6:30.
March 16th there is a March break program presentated by Opposite Town productions. The program is for children ages 5-12 years and runs March 16-20 from 9 A.M. to 4 P.M. it will be a celebration of fun, creativity and imagination and a memorable experience for their school holiday.Be sure to the check the website for details
How is that for a March schedule? Be sure to attend some of the events and enjoy what Chatham-kent has to offer.
Put me, Wayne Liddy Royal LePage Peifer Realty Inc. Brokerage to Work for you!
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You love Chatham-Kent with its Affordable Lifestyle and all the activities for young and old alike. You enjoy the many events and attractions in the Chatham-Kent area. The children are involved in sports or you are a senior taking advantage of the many activities available at the Seniors Activity Centre. Should you move to something smaller or perhaps bigger? Should you stay where you are and remodel? To make the the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move. As you read each of these reasons, consider how much it applies to you and note how strongly you feel about each one.Call Me, Wayne Liddy 519-436-4810 Royal LePage Peifer Realty Inc. Brokerage and let me make your move an easy and enjoyable experience. Visit my website for Chatham-Kent Events, Happening and Choice properties for sale in this great area.
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