RM Sotheby’s Group said Auctions America integration should enhance its offerings and price points
We’re not sure why someone would buy a car such as a 2006 Ford GT and drive it only 10 miles, but someone did and that one-owner car will be offered up for bidding at RM Sotheby’s 2018 Fort Lauderdale auction, scheduled for April 6-7 at the Greater Fort Lauderdale/Broward County Convention Center.
Formerly staged under the Auctions America banner, the 16th annual sale will include 300 collector cars, the RM Sotheby’s Group said in its news release.
In 2017, the auction did $17.3 million in sales, led by a 1963 Mercedes-Benz 300 SL roadster that sold for $1.2 million.
The ultra-low-mileage Ford GT headlining the 2018 event is chassis No. 401960 and rolls into the convention center showing 10.8 miles on its odometer. RM Sotheby’s expects the car to sell for $300,000 to $350,000.
“The strength and global reach of the now larger RM Sotheby’s Group will allow us to bring an even higher quality and more diverse selection of vehicles to Fort Lauderdale, while simultaneously exposing a wider and more international network of clients to the event,” Donnie Gould, car specialist and former head of Auctions America, is quoted in the news release.
“The extremely low-mileage Ford GT is a fantastic fit and a great early highlight for the auction.”
In its news release, the RM Sotheby’s Group noted that, “The integration of the former Auctions America subsidiary allows the RM Sotheby’s Group to seamlessly serve all levels of the diverse and growing collector car market through one auction house and one team. The company can now offer the renowned RM experience to more collectors and more cars across all price point and in new geographies — including South Florida.
“Auctions now held under the RM Auctions banner will present high quality collector cars for the entry-level enthusiast through to the seasoned collector, with average automobile values under $300,000. Additional annual events to be held under the RM Auctions banner include Auburn Spring and Auburn Fall, Santa Monica, and Hershey.”