the applicable Buyers’ Premium (defined below). 12. 259 motor cars and 21 lots of memorabilia opened for bidding on 20 March, with lots closing in a staggered format from 25 to 28 March. Bidding. Please ensure that you read and understand these Conditions of Business prior to bidding on a motor car or any other lot at this or any other RMA or RM Sotheby’s (“RMS”) auction (RMA and RMS together are “RM”). Bidding is live now as of 11:00 a.m. on Friday, March 20. Further, the Consignor acknowledges that RM will collect a Buyers’ Premium from the Buyer of the Motor Car or Any Other Lot in question, based on the Hammer Price on the Motor Car or Any Other Lot. Deduct the Purchase Price plus applicable taxes from the Bidder’s cash deposit and/or charge the Purchase Price and applicable taxes to the credit card that the Bidder has provided. The Consignor authorizes RM to perform minor work on the Motor Car or Any Other Lot to facilitate the Motor Car or Any Other Lot starting and driving across the auction block or being presentable for sale. Withdrawn Motor Car or Any Other Lot:20.1. Data Use: The Consignor agrees to allow RM to use their personal information in accordance with RM’s privacy policy. If the RM Removal Deadline is not met, the Buyer will be charged a daily storage fee of US$30 per day (“Storage Fee”) until the motor car or any other lot is removed.19.3. Personally tailored emails from RM Sotheby's are just a few clicks away. Feel like you were in the room with our in depth result highlights. Drivers: The Consignor acknowledges and grants permission for RM and its employees and agents to drive or move the Motor Car or Any Other Lot from time to time before, during, or after the sale. The Bidder may choose to have an RM Car Specialist place a bid on a motor car or any other lot on their behalf during the Online Only Auction. Top sales of the auction demonstrate strong interest in high-quality, new-to-the-market cars across all categories, led by a low-mileage 2003 Ferrari Enzo offered from 15 years of meticulous ownership in the Lingenfelter Collection, which sold for a final $2,782,500. If there is a discrepancy, contradiction, or question of interpretation regarding enforceability between the English version of the Bidders’ Conditions of Business and a version of the Bidders’ Conditions of Business produced in a language other than English, the English version of RM’s Bidders’ Conditions of Business will supersede.25.2. RM is not responsible for the acts or omissions in our packing or shipping of purchased motor cars or any other lots or of other carriers or packers of purchased motor cars or any other lots, whether or not recommended by RM. (Clauses 7 to 7.2 together are “Purchase Price”)8. For the removal of a non-Motor Car lot, including but not limited to memorabilia, jewelry, and clothing, from the auction site, a direct shipping company will contact the Consignor after the sale; please note that a reasonable memorabilia removal and storage fee will apply.13.6. When a motor car or any other lot is sold subject to such a reserve bid, the auctioneer may bid on the Consignor’s behalf in an amount not to exceed the amount of the reserve bid.15. Headlining the lot is … A distinctive beast, the Toronado languished RM faces significant reputational damages that would cause monetary damages for selling the motor car or any other lot; 16.5. The Buyer is responsible for any applicable duty, import tariffs, charges, or any and all other required payments that are due upon the import of the motor car or any other lot to its final destination. Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RMA a Buyers’ Premium of 15% on the Hammer Price of those particular lots.9. 1.5.1. The Buyer acknowledges that delays in transferring titles due to delays at government Motor Vehicle departments happen from time to time, and the Buyer will hold RM harmless from any allegations of damages arising out of government delays. If there are legitimate claims, accusations, notices, or similar communications made by the Buyer in regard to their purchase of a Motor Car or Any Other Lot not being authentic, being misrepresented, having an encumbered title or registration, having an undisclosed material issue, or having a similar claim, RM has the right to retain the Buyer’s funds on account and be the arbitrator as to the merit of the Buyer’s claims and to cancel the sale of the Motor Car or Any Other Lot and reimburse the payment to the Buyer if RM deems the Buyer’s claims to be valid.16. Antifreeze Is the Responsibility of the Consignor:25.1. Its characteristics are nothing else but stunning. If the sale is cancelled/rescinded due to non-payment, RM will not be liable to the Bidder for any losses or damages resulting from the cancellation/rescission. The law of the jurisdiction in which the auction is held shall govern the provisions of these Conditions.22. 19. If there is a no-sale, any and all fees owing, including but not limited to Title Fees, must be paid to RM before the Motor Car or Any Other Lot is released to the Consignor.13.2. Where available, additional information on each lot, such as history files, production certificates, restoration documentation, service invoices, owner's manuals, and accompanying parts, was also available for viewing online on each individual lot page. Over the course of the auction (20-28 March), there were more than 615,000 page views within the Online Only Palm Beach section of rmsothebys.com alone. Rory Jurnecka Writer RM Sotheby's Photographer Mar 31, 2020 Last Friday and Saturday were the final two days of RM Sotheby's annual Palm Beach collector car auction, … RM Sotheby's Palm Beach 2020 Event RM Sotheby's Palm Beach 2020 on March 20-28, 2020 Helping buyers and sellers get the most from classic car auctions Motor cars or any other lots not marked as “no reserve” (or similar) are subject to a reserve bid set by the Consignor. Although the auctioneer shall be entitled to bid on the Consignor’s behalf up to the amount of the reserve (if applicable), the Consignor shall neither instruct nor permit any other person to bid on behalf of the Consignor for his/her/their Motor Car or Any Other Lot. “The abundance of bidding activity in this sale—an average of 17 bids per car—showed that despite the market conditions, there is solid demand for high-quality collector cars,” said Gord Duff, Global Head of Auctions, RM Sotheby’s. The Online Only sale saw lively bidding upon opening on 20 March, with sustained interest through to the closing days (25-28 March). RM Sotheby’s consistently brings the most desirable automobiles on the planet to auction, with no plans to stop soon, thanks to its online-only Palm Beach Auction. The Consignor is required to review and approve any and all catalogue descriptions within 2 business days of receiving the catalogue description from RM’s Research department; if RM does not receive a response to its request to review within 2 business days, RM will consider this an approval of the catalogue description and a representation that RM can rely upon.10. Any Condition Report or a Mechanical Inspection Report (“Report”) is an opinion only. 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