RM Sotheby's

In February 2015, RM Auctions announced the formation of a strategic partnership with Sotheby’s, with the latter acquiring a 25 percent ownership interest in the company, which is now known as RM Sotheby’s. The partnership unites the two companies for the full calendar of future automobile auctions. Since its establishment, the partnership has proven very effective in creating a truly worldwide platform for automobiles by introducing new audiences to the exciting world of collector cars.

The auction house successfully entered new geographies for the first time, including Germany, Portugal, and Abu Dhabi. In late 2019, RM Sotheby’s launched into digital auctions, hosting Online Only collector car and memorabilia auctions on rmsothebys.com for the first time.

Continuing that momentum, in 2020 RM Sotheby’s further expanded its global presence in Online Only collector automobile auctions, having re-invented its business model to adapt to the quickly changing global environment because of the COVID-19 pandemic and shifting its auction business to primarily online, hosting a total of 21 auctions via its Online Only platform. RM’s own flagship Monterey sale was hosted on RM’s digital platform, dubbed the Online Only: SHIFT/Monterey auction, and further reinforced its position as the worlds leading auction house of fine collector cars having established the record for the highest price ever achieved for a car sold in a dedicated Online Only collector car auction.