The new enterprise will assist high-end collector car buyers and sellers to make deals outside the auction arena; McLaren F1 is first offering
RM Sotheby’s has moved even higher up the food chain of high-end classic car sales with the launch of its Private Sales division, which will cater to top clients in their pursuit of “the world’s most significant collector cars,” according to an RM Sotheby’s news release.
RM Sotheby’s, previously RM before its merger with the British auction house, has handled such transactions for decades, the release says, offering its contacts and expertise to sell or acquire special cars discretely and outside of the auction arena.
The new division is designed to provide “increased ease of service to RM Sotheby’s global network of clientele,” the release says.
“The global reach of the Private Sales division will expand across continents and cover a truly global marketplace,” according to the release.
The RM Sotheby’s Private Sales division will be headed by Shelby Myers, global head of Private Sales, along with Jarrett Rothmeier, Chief Financial Officer for the RM Sotheby’s Group, and Armando Petretti, Private Sales car specialist.
“The newly established Private Sales division offers clients the unique advantage of leveraging the knowledge of RM Sotheby’s global team of 29 car specialists, combined with the company’s expansive client relationships, in-house research team, renowned marketing and creative departments, and public and private showrooms in both North America and Europe,” Myers said in the news release.
“Above all, clients can be secure in knowing that RM Sotheby’s Private Sales is committed to upholding client confidentiality across all divisions and at every step of the transaction process.”
The first Private Sales offering is a real attention grabber, a rare and coveted 1998 McLaren F1 with LM Specification, which is a fully street-legal supercar with the LM-spec engine as fitted to the F1 LM. But unlike that stripped-down model, this car has a fully appointed “road-specific” interior with a number of upgrades.
It is the 63rd and penultimate F1 built and one of just two fitted by McLaren Special Operations with the LM-spec engine. The ultra-high-performance star also received the Extra High Downforce Package when it was produced.
Other cars waiting in the wings as the Privates Sales division gets under way include:
- 1928 Mercedes-Benz 680 S Torpedo-Sport Avant-Garde
- 1930 Bentley 61/2-Litre ‘Speed Six’ Sportsman’s Saloon
- 1960 Mercedes-Benz 300 SL Roadster
- 1961 Ferrari 400 Superamerica SWB Coupe Aerodinamico
- 1966 Ferrari 275 GTB Alloy
- 2003 Aston Martin DB AR1
The new division will have prominent exposure at RM Sotheby’s annual roster of sales, the company says, starting with the company’s flagship auction in Monterey, California, on August 24-55.
For more information about the Private Sales division and upcoming auctions, visit the company website.