3.2. The one-day auction totaled 24,913,510 million in sales, with 91 percent of all lots sold. Estimates included online, in pre-mailers, in any advertisements, or elsewhere are preliminary only, and they are subject to revision by RMS from time to time at its sole discretion. These expenses may be recapped from the Consignors proceeds of sale.10. Introduction:1.1. If you liked this, then why not subscribe to Magneto magazine today? As auctioneer, RM acts as the agent for the relevant consignor of the Lot(s) (Consignor), and a sale contract is made directly between the Consignor and the winning Bidder (the Buyer). If there is a discrepancy, contradiction, or question of interpretation regarding enforceability between the English version of the Conditions of Business and a version of the Conditions of Business produced in a language other than English, the English version of RMs Conditions of Business will supersede.28.2. The Consignor authorizes RMS to perform minor work on the Lot(s) to facilitate the Lot(s) starting and driving or being presentable for sale. 28.1. RM is not responsible for the acts or omissions in our packing or shipping of purchased Lot(s) or of other carriers or packers of purchased Lot(s), whether or not recommended by RM. The Consignor agrees that RMS and its respective affiliates and agents will not be responsible for, and the Consignor releases RMS and its respective affiliates, agents, and warehouses from, any and all liability for loss of, theft of, or damage to the Lot(s).22. (clause 12 to 12.2.1. together Twenty Day Window)13. Licenses. Bidders may be able to bid via RMs online only auction platform (the Services).17.2. 13 February 2021 Auction Details Results Stories EXCEPTIONAL MIURA LEADS LIVESTREAMED PARIS AUCTION On 13 February, RM Sotheby's hosted its livestreamed Paris auction with 40 of the finest sports, racing, and touring cars, alongside a selection of primarily Ferrari automobilia on offer. Stay informed with Sotheby's top stories . Feb 4th 2016 at 12:26PM 0 Comments Image Credit: Tim Scott / RM Sotheby's See this Ferrari Enzo? These Conditions of Business;1.2.2. If the Buyer does not pay RMS, then at RMS sole discretion, RMS may cancel the sale and return the Lot(s) to the Consignor, enforce payment by the Buyer, or take other actions permitted by law. 20.1. 20. All Lots All Motor Vehicles American Sports & Muscle Cars Automobilia Brass Era & Veteran Cars British Cars CCCA Full Classics European Racing Cars European Sports Cars French Cars German Cars Hot Rods & Custom Cars Italian Cars Modern Sports Cars Post-War European Classics . 9.1. Previous Next. 19.1.2. Lot(s) Under Temporary Import:39.1. By participating in the auction, the Bidder represents and warrants that any bid placed by them, or on their behalf, is not the product of any collusive or other anti-competitive agreement and is otherwise consistent with applicable competition law. RM will on behalf of the relevant Consignor review concerns raised by the Buyer for 20 business days from the date of the auction regarding the Lot(s) description; meaning, any written statements (in any and all mediums) made by RM that accurately repeat the information supplied by the Consignor as to the originality, character, features, condition, correctness, authenticity, or history of the Lot(s); after which time, all sales are considered As Is and Where Is as outlined in clause 4 below. 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). RM reserves the right to collect/remit sales tax from residents from other jurisdictions if RM deems in its sole discretion the collection/remittance of tax necessary.9.2.2. Buyers Premium. April 7, 2023 Thank you for joining Gooding & Company for The Estate of Mark Smith Auction. If no reserve, indicate clearly by writing N/A, NONE, or otherwise striking through in the space provided in the fillable section of the Auction Consignment Agreement.20.2. The auctioneer has absolute and sole discretion in the case of error or dispute with respect to bidding and, the auctioneer and RM have absolute and sole discretion, whether during or after the sale, to determine the successful Bidder, to re-open the bidding, to cancel the sale, or to re-offer and re-sell the Lot(s) in dispute. Legal Action. See how it's in one piece? Contingent upon clause 15.2 being satisfied, the Lots Title (as long as the Consignor does not owe RMS any money) will be returned to the Consignor within 60 business days.15.4. the applicable Buyers Premium (defined below). Although by no means an exhaustive list, please be aware of the tax scenarios below.9.2.1. 29 November - 14 December, 2022. 5.3.2. The Key to Lot Symbols and/or Legend referenced in the auction catalogue and/or Lot description on www.rmsothebys.com (Website) as the case may be; and 1.2.4. Except as otherwise expressly provided herein, these Conditions shall not be modified, except in writing. Lot(s) descriptions, statements in online content, pre-mailers, advertisements, brochures, signs, and window cards, as well as verbal statements made by Consignors, auctioneers or auction staff, are based on statements and historical files, if any, collected from the Consignor and other third-party sources, and RM has no obligation to verify or authenticate any such statements. **Please note that the applicable Buyers Premium will apply. In connection with the auction, RM will have absolute discretion with regard to the Lot(s) or any RM auction as to (a) consulting any expert either before or after the sale, (b) researching provenance, (c) grouping and providing descriptions as may be appropriate, (d) marketing and promotion of the sale, and (e) any other services required to conduct the sale. Close. RM may provide auction services including clerks, support staff, event advertising, and promotion. Buyers will receive titles in the mail as soon as possible following the auction with a target of a maximum of 20 business days following the auction; however, please note that for reasons beyond RMs control, including any delays in lien releases by lien holder(s) and/or delays by the Department of Motor Vehicles (or equivalent) in certain states, there are instances where the Buyer may not receive the title within 20 business days and, in those circumstances, RM will work to provide the titles to the Buyer as soon as possible. 38. Anti-sniping: If a bid is placed within the final two minutes of bids being accepted on an individual Lot(s), the auction for that individual Lot(s) may be extended up to an additional two minutes to prevent a Bidder from trying to place a high bid in the final moments of the auction for that individual Lot(s).26. View results from RM Sotheby's Paris auction 2020. Enter the email address associated with your rmsothebys.com account. Notwithstanding any references to any transactions or arrangements in this agreement, or any contemporaneous written, oral, or implied understandings of the parties relating to the subject matter of this agreement, RM has not provided legal or tax advice or tax planning services to the Bidder or for the Bidders benefit in connection with the transactions contemplated by this agreement, and no one at RM has acted as the Bidders attorney or tax advisor. . Material issues regarding the provenance, merchantability, or authenticity of the Lot(s) that cannot be reasonably cured or RM believes would expose it to claims or disputes from a third party; 16.7. If the Removal Deadline is not met, the Consignor will be required to pay RMS a daily storage fee of up to 40.00 plus VAT per Lot(s) until full payment and instructions for transport have been received. A total of 98 lots 87 of which will be pristine collector vehicles are set to cross the auction block at RM Sotheby's biggest ever Paris sale on February 1. Entire Agreement. RM Sothebys (RMS) will be conducting an auction using RMS Online Only auction platform (Online Only Auction).1.2. In connection with the Online Only Auction, RMS will have absolute discretion with regard to the Lot(s) or any RMS auction as to (a) consulting any expert either before or after the sale, (b) researching the provenance, (c) grouping and providing descriptions as may be appropriate, (d) marketing and promotion of the sale, and (e) any other services required to conduct the sale.4. Sotheby's Sealed. RM Sotheby's conducted its live-streamed Paris auction on February 13, where 40 exceptional sports, racing, and touring cars were auctioned. The Consignor will be given an option to either (i) fix the issue at the quoted price with RMS recapping this quoted price from the Consignors proceeds of sale, provided there is reasonably sufficient time to fix such issue, OR (ii) leave the Lot(s) as is and market the Lot(s) with the issues disclosed. Across town, and within a few seconds of that sale, RM Sotheby's sold a 1962 Ferrari 268 SP race car for $7,705,000. 12.6. Before payment of any money due to the Consignor is to be made, the Consignor agrees to provide RMS with the documents necessary to transfer the Ownership (defined below) of the Lot(s) to the Buyer. Reserve prices may be lowered at any time by the Consignor, either verbally or in writing, but they may not be raised. _____________Bidders InitialsIf any dispute arises after the sale wherein an RM Car Specialist bid on behalf of a Bidder during the Auction, the Bidder acknowledges that RM will not be held responsible for any errors or omissions in connection with the calling/displaying/accepting of bids.________________________________ Date________________________________Signature of Bidder. Master Sculpture from Four Millennia. As a condition of bidding at the auction, it is the Bidders 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. In addition to the Hammer Price, the Buyer is required to pay RM a percentage of the Hammer Price as outlined below, which RM retains as the Buyers Premium for the purchase of each Lot(s) (Buyers Premium):8.1. Although RM endeavors to keep the Services safe, secure, and functioning properly, RM cannot guarantee the continuous operation of or access to the Services or a Bidders ability to connect and navigate the Services. Even though the RM Conditions of Business are generally standardized, there are unique jurisdictional requirements and terms that may not apply to every auction, and it is each bidder in the auction (Bidder(s)) responsibility to understand and review these Conditions of Business as they apply. A US$75.00 administration fee (US$85.00 in the State of California) will be assessed per motor car purchased, but this fee will not apply to nostalgia lots. In order for a RM Car Specialist to bid on the Bidders 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: PARIS 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. 6.10.1. Payment of VAT is the responsibility of the Buyer. A link to reset your password has been sent to your email address. Auction Details Results Stories PARIS SALE CONCLUDES WITH 25 MILLION IN SALES AS 91% OF ALL LOTS FIND NEW HOMES Continuing the success of the recent Arizona auction, RM Sotheby's held the company's ninth annual Paris auction in the heart of the city. In order to facilitate and transfer the Title for the Lot(s), the Consignor agrees to sign the Power of Attorney attached to the Auction Consignment Agreement.8.5. Title, Registration Documents, and/or Appropriate Documents Evidencing Chain of Ownership to Lot(s):8.1. If the Consignor wishes to sell the Lot(s) but retain the rights to the registration number of the Lot(s), it is the Consignors responsibility to notify RMS in writing.38.2. The Consignor agrees to execute any documents reasonably necessary to evidence this assignment, including with respect to the Consignors written statements (in any and all mediums) made, warranties and indemnities as set forth in these Conditions. If there are Disputes, claims, accusations, notices, or similar communications made by the Buyer in regard to their purchase of a Lot(s) not being authentic, being misrepresented, having an encumbered title or registration, having an undisclosed material issue, or having a similar claim, RMS has the right to retain the Buyers funds on account and be the arbitrator as to the merit of the Buyers claims, including to cancel or rescind the sale of the Lot(s) and reimburse the payment to the Buyer if RMS in its sole discretion deems the Buyers claims to be valid.17.9. If RMS in its sole discretion has reason to believe or is notified that the (i) Consignors breach of the Contractual Obligations, (ii) alleged breach of the Contractual Obligations, (iii) Consignors actions could potentially cause RMS liability, and/or (iv) Buyer raises concerns regarding the Lot(s) originality, character, features, condition, correctness, authenticity, or history or description (during or after the Twenty Day Window (defined below) as outlined in clause 12) (collectively Dispute), RMS, at its sole discretion, may withhold payment to the Consignor until the Dispute has been resolved; further, RMS may deduct any sums that are due to it from the sum held.7. If, however, in violation of the foregoing, the Consignor (or his or her agent) bids on his/her/their Lot(s) and becomes the successful Bidder, the expenses, Inspection Report Fee, repair expenses, and Buyers Premium on the Hammer Price shall be payable by the Consignor. Government/court actions, orders, injunctions, regulations, laws, or non-compliance with applicable rules, regulations, or laws to sell the Lot(s) at the auction that necessitate a cancellation; or16.8. Taking the top sale slot was a recently restored, Polo Storico certified 1971 Lamborghini Miura P400 SV by Bertone, which achieved 2,423,750. Nowhere else, either online or in the flesh, can you see $28,170,000 worth of cars selling almost simultaneously. Modified on: Fri, 19 May, 2023 at 12:15 PM With a Sotheby's online account, all of our auction results can be viewed in the Auction Results section of our website. 9.2. Twenty Day Window for Rescission of Sale due to Buyer Concerns Regarding Lot(s) Description:12.1. Payment. To be clear, the bid price stated by the auctioneer is the prevailing and binding bid price.25. 8.3.1.1. The Consignor agrees to provide RMS with a good, clear, and transferable Title to the Lot(s) in advance of the Online Only Auction.8.3.1. Anti-sniping: If a bid is placed within the final two minutes of bids being accepted on an individual Lot(s), the Online Only Auction for that individual Lot(s) may be extended up to an additional two minutes to prevent a Bidder from trying to place a high bid in the final moments of the Online Only Auction for that individual Lot(s).29. RMS will retain a Sellers Commission of 10% plus VAT on all motor car lots.4.1.2. Services are As Available and As Is. 17.1. Past Fine Art, Jewels, Watches, Wine Auction & Sale Results | Sotheby's Auction Results Past Auction Exceptional Global Prop June 2023 | New York View Auction SELLING EXHIBITION Luxury Private Selling Exh 25 January-24 June 2023 View Works Past Auction Vanessa von Zitzewitz, Michael, Intimacy Behind Speed 25 May-23 June 2023 View Auction If the Lot(s) does not sell at the Online Only Auction, the Lot(s) must be re-exported to the country of origin, transferred to another temporary bond, or, alternatively, the Consignor must pay any and all relevant taxes if the Consignor would like the Lot(s) to remain in Europe.
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