April 7, 2011 – (Motor Sports Newswire) – In a continuing effort to diversify its operations, the classic-car auction company RM Auctions says it agreed to acquire Bator Vintage Motorcycle Auctions. The companies did not disclose financial terms of the deal, which marks a somewhat rare coming together of vintage-motorcycle and collector-car culture.
Glenn Bator, who has run the company formerly known as Bator International Inc. for more than 20 years, will continue to lead it as a division of RM. Based in Ojai, Calif., Bator International was a longtime specialist in the restoration and sales of classic motorcycles.
RM says it will have its first major motorcycle auction during its second-annual Auburn Fall Collector Car Auction in Auburn, Ind., Sept. 1-4. The company says it is getting into the collector-bike business in part because of increasing interest from its collector-car clients.
“The establishment of a dedicated motorcycle division for our company is in direct response to our clients’ interests and requests,” states Donnie Gould, President, Auctions America by RM. “We’re thrilled to have Glenn Bator on board. His extensive industry knowledge will make Auctions America by RM events the premier venues for both buyers and sellers of classic two wheelers.”
Bator says the move to RM will be a good development for the classic motorcycle business which has rarely had as much money behind it as collectible cars. RM’s resources and broad customer base will help move old motorcycles onto the radar screens of more collectors and help generate more, bigger and better auction events, he says.
Bator knows a bit about presenting old bikes for auction. He is well-known for having organized motorcycle shows and sales at major venues including the Barber Vintage Festival and the Daytona Classic Motorcycle Auction held during Bike Week. Previously he was curator, restorer and general manager of the Otis Chandler Vintage Museum.
SOURCE: Wall Street Journal