By bidding at auction, bidders are bound by the Conditions of Sale and Terms of Guarantee, as amended by any oral announcement or posted notices, which together form the sale contract among Sotheby’s, the seller (consignor) of the lot and any bidders, including the … RM Sotheby's is the number one classic car and investment quality auction house in the world. Further, all payments must be in the form of cash or certified funds unless other arrangements have been approved in advance. The purchase price shall consist of the following:8.1. the Hammer Price (defined below) of the Lot(s), and8.2. Cancellation/Rescission of Lot(s): RMS will use reasonable efforts to avoid cancellation/rescission; however, RMS has the sole discretion to cancel/rescind the sale of a Lot(s) and will not be liable to the Consignor for any losses or damages resulting from the cancellation/rescission if RMS believes the following events have occurred or have a reasonable chance of occurring:15.1. If the sale of the Lot(s) is cancelled for any of the reasons outlined in this clause, RMS has the right-of-first refusal to consign and sell the Lot(s) for up to one year from the date of cancellation. 16 Baths. (Clauses 1.2 to 1.2.5 together are “Contractual Obligations”)1.3. Any natural disaster that, despite reasonable efforts, restricts RMS from holding the auction; 14.1.2. The Consignor acknowledges that RMS has incurred and will incur significant costs preparing, advertising, marketing, and promoting the Lot(s) for the auction.20.2. The Bidder is responsible for any and all due diligence including but not limited to inspections and verification of the (originality, character, features, condition, correctness, authenticity, history or description, statements made in reference to, or any and all other matters regarding any Lot(s) offered in an RM sale (“Bidder Due Diligence”).3. You will not receive your title for your car at the time of the sale. Cancellation/Rescission of Lot(s). Up to US$______________________________ Hammer Price (as outlined and defined in the Auction Bidders’ Conditions of Business). Consignors agree that they are making use of the Services at their own risk and that the Services are being provided to the Consignors on an “AS AVAILABLE” and “AS IS” basis. RM may use a bid display in the salesroom for informational purposes only. RMS faces significant reputational damages that would cause monetary damages for offering or selling the Lot(s);15.5. View information on collector car auction dates, schedule details, event info, how to register to bid, how to consign, or how to buy tickets for RM Sotheby's. Auctions Top Auction Houses Saw Total Sales Drop in 2020—But Sotheby’s Outpaced Rival Christie’s With $5 Billion in Revenue. If for whatever reason RMS is forced to correct any Title defect, the Consignor agrees to first pay RMS a minimum fee of $500.00 USD and, if the Title defect costs more than $500.00 USD to correct, the Consignor agrees to pay for any and all additional reasonable expenses related to correcting such defect (“Title Fees”). Packing and handling of purchased Lot(s) are at the entire risk of the Buyer. If the Consignor is a Business (defined below) AND the Buyer is a consumer AND the consumer has a right of withdrawal against the Consignor on the basis of EU consumer protection laws, the Buyer has the automatic statutory right for 14 calendar days after the Close of Lot (drop of hammer) to rescind the sale of the Lot(s). If the lot is not removed by this time, a removal fee of $600 per vehicle and a daily storage fee of $30 per vehicle per day. In the event of a final Hammer Price above €200.000,00 on all motor car lots, RM will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium) on the first €200.000,00 and will receive a Buyers’ Premium of 12.5% (plus VAT on the Buyers’ Premium) on the Hammer Price above €200.000,00.9.4.3. Further, the Consignor acknowledges that RMS will collect a standard Buyers’ Premium from the Buyer of the Lot(s) in question, based on the Hammer Price on the Lot(s). 20.1. In order for a RM Car Specialist to bid on the Bidder’s behalf, the Bidder must (i) provide the following information, (ii) select and initial beside a bidding option as outlined below, and (iii) sign their name at the bottom of this form: ARIZONA AUCTIONClient Name: Lot Number: Bidding Options: I acknowledge and agree that an RM Car Specialist may bid on my behalf on the above referenced lot number at the Auction in accordance with the following selected option:A. On November 11-20, RM Sotheby’s held its Online Only: Open Roads, Fall auction, and cleared over $5M in sales with a clearance rate of 89%. NOTE: If you plan to register and attend the sale as an onsite bidder, we encourage you to register in advance of the sale to avoid queues onsite. Up to a US$200.00 bidder registration fee for RMA American auctions;6.1.3. If RMS contributes to the Hammer Price to meet a reserve, the reserve for the respective Lot(s) becomes the Hammer Price plus RMS’ contribution for purposes of commissions.19. $9,750,000. Bidders who exercise this right is responsible for any and all expenses associated with the Lot(s) including, but not limited to, transportation, duty, storage, insurance, and taxes.34.4. All guests MUST wear a mask during their entire stay on property, NO EXCEPTIONS. 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.31. Motor cars set for the sale will be on display at OTTO Car Club in the week leading up to the Arizona auction, with viewing available by appointment only. Motorcars set for the Arizona sale will be on display at OTTO Car Club in the week leading up to the auction by appointment only. Private sales, online sales, and demand from Asia are driving growth. Bidder Due Diligence Responsibilities. Please note that the Buyer is required to insure their Lot(s) while the Lot(s) is being stored on their behalf.22.4. As the Consignor’s Lot(s) could be shipped to a location where below-freezing temperatures are a possibility, it is the Consignor’s responsibility to ensure that, within the last 6 months, they have winterized their Lot(s) for shipping in freezing temperatures. Please note that in order to register to bid at an RM sale, RM requires a hold and pre-authorization to be placed on the Bidder’s credit card, which is dependent on the particular auction as listed in clause 20.2 (“CC Hold”), from the date of registration until the close of the auction. Bidders agree that they are making use of the Services at their own risk and that the Services are being provided to Bidders on an “AS AVAILABLE” and “AS IS” basis. Please note that the Conditions of Business are subject to change from time to time and it will be posted on RM’s website and catalogue, as the case may be. In order to assist Bidders with this process, RM may provide information about the tax status of each Lot(s), as well as any ownership or registration papers that will be supplied with the respective Lot(s) (“Tax and Ownership Information”); however, this information is being provided merely to assist Bidders in their determination of their own tax and regulatory responsibilities. 3.2. Please note, payment must be made by certified funds – bank transfer, certified check, cash (over $10,000 USD will be reported on an 8300 form), or personal/company check. Côte d'Azur Sotheby's International Realty offers high-quality luxury real-estate knowledge for the purchase, sale, rental and management of high-end properties. RMS London, United Kingdom, auctions will have the following Buyers’ Premiums:9.5.1. Legal Action: These Conditions shall be interpreted in accordance with the laws of the State of Michigan. The Consignor warrants that the Lot(s) is in a safe, operable condition to be driven or moved by RMS’ employees or representatives. 21.1.1. 34.3. Through our affiliation with Sotheby’s International Realty, the most powerful luxury real estate brand in the world, we have the resources and network necessary to provide our clients with the finest representation possible. Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RMS a Buyers’ Premium of 20% on the Hammer Price of those particular lots. Please note that even if a Bidder has satisfied and/or met some or all of the Bidder Registration Requirements for previous RM auctions, all Bidders will be required to satisfy and/or meet the Bidder Registration Requirements for the auction specifically prior to being accepted to bid.7.3. Estimates: Any pre-sale estimates are intended as guides for prospective Bidders. At the Close of the Lot, you are now the legal owner of the applicable Lot(s) and are responsible for payment in full. Data Use: The Consignor agrees to allow RMS to use their personal information in accordance with RMS’ privacy policy. Summit Sotheby's International Realty® network provides access to luxury real estate and homes for sale worldwide. If the Lot(s) is sold by RMS during the term of these Conditions, RMS will make reasonable efforts to disburse the money due to the Consignor within 21 business days after the sale, provided that the purchase price, applicable commissions, and fees have been received by RMS, in accordance with the terms of these Conditions and no claim or Dispute has been raised by the Buyer.5.2. Experts in England. Taxes. The auction will also stream live on rmsothebys.com. Our auction calendar includes annual and bi-annual auction events around the world, collection auctions and online only auctions. Nothing in this clause 34 shall affect any Buyer(s) legal rights that shall apply against the Consignor as a result of any applicable laws.34.1. 11–18 December 2020 | 10:00 AM HKT | Hong Kong. Cancellation/Rescission of Auction: RMS will use reasonable efforts to avoid cancellation/rescission; however, RMS has the sole discretion to cancel/rescind the auction and will not be liable to the Consignor for any losses or damages resulting from the cancellation/rescission if RMS believes the following events have occurred or have a reasonable chance of occurring:14.1. 25. Sotheby’s auction house is founded, and subsequently earns the reputation as a renowned marketer for many of the world’s most valuable possessions. Fill out your profile and receive emails about the types of cars and events you're interested in. RM Sotheby’s will be starting off their 2021 auction calendar with the Arizona sale in which will be held at the OTTO Car Club on January 22. The Buyer agrees to indemnify, defend, and hold RM harmless from any claims that may be made with respect to any Buyer-alleged damages or liability, including but not limited to, travel expenses, repair expenses, and inspection expenses in any way related to actions taken in accordance with clause 3. Please check the email to complete your registration. 22.1.1. As a condition of bidding at the auction, it is the Bidder’s responsibility to satisfy themselves and comply with all applicable tax, duty, or any and all other payments associated with the purchase of a Lot(s) at the auction. Exclusivity: The Consignor grants to RMS the exclusive right and authority to advertise and sell the Lot(s) for a period beginning with the date of these Conditions and ending 90 business days following the auction.6.1. 21.1.2. By agreeing to these Conditions of Business, you are agreeing to be bound by these Conditions of Business for both RMS and RMA auctions. 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. 10.1. The Conditions of Business announced and displayed in the auction salesroom;1.2.4. If any damage occurs because the Consignor did not properly winterize their Lot(s), it will be the Consignor’s responsibility to cover the damages, and RMS may recoup these damages from the Consignor’s settlement. We specialise in the promotion and sale of luxury villas on the Greek islands … Payment is due in full on or before 17:00 of the next business day following the auction (Monday, January 25), and payment is to be made to RM Auctions. The mediation and arbitration shall be administered by the American Arbitration Association pursuant to the AAA Commercial Arbitration Rules and Mediation Procedures. 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