BLENHEIM, ONTARIO, CANADA – March 20, 2020 – (Motor Sports NewsWire) – RM Sotheby’s has made the decision to cancel its upcoming biennial Monaco auction, scheduled for 9 May at the Grimaldi Forum during the Grand Prix de Monaco Historique. The decision comes in light of the Automobile Club de Monaco’s cancellation of the 12th Grand Prix de Monaco Historique (8-10 May) as well as the 78th GRAND PRIX DE MONACO FORMULA 1 FIA World Championship (21-24 May), due to current concerns and mounting uncertainties over the COVID-19 pandemic.
Scheduled for the same weekend, 8-9 May, RM Sotheby’s has also cancelled its upcoming annual Auburn Spring auction at the Auburn Auction Park in Indiana, which welcomes thousands of attendees each year, due to the same concerns over the COVID-19 pandemic in North America. The auction house came to these decisions to safeguard the health and well-being of its clients, auction visitors, and staff as well as due to uncertainties surrounding the logistical feasibility of a live auction event under current circumstances.
RM Sotheby’s thanks its global network of clients for their continued trust and support. Additional information on the cars already set for the Monaco and Auburn Spring auctions will be released as it becomes available as the RM Sotheby’s team explores all possible options for their successful sale.
RM Sotheby’s is equipped to continue to assist our clients outside of the auction room, offering a range of additional services including online only auctions via RM Online Only, a proven platform which provides an effective means of conducting business both during and outside this challenging period. Further, RM Sotheby’s continues to advise clients on private sale opportunities through RM Private Sales, and to provide financing solutions with RM Financial Services.
RM Sotheby’s is monitoring the global situation as it continues to change daily in order to determine its auction schedule beyond May 2020. Additional information on RM Sotheby’s and its upcoming Online Only Palm Beach Auction, which opens for bidding on Friday, 20 March, is available at rmsothebys.com.
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About RM Sotheby’s
RM Sotheby’s is the world’s largest collector car auction house by total sales. With 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions and private sales to estate planning and financial services, coupled with an expert team of car specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for six of the top ten most valuable motor cars ever sold at auction. In February 2015, RM formed a strategic partnership with Sotheby’s, uniting the two companies for the full calendar of future automobile auctions. For further information, visit rmsothebys.com.
Source: RM Sotheby’s