RM Sotheby's

RM Sotheby's, formerly known as RM Auctions, has carved out an authoritative niche in the world of collector car auctions. Founded by Rob Myers in 1976 in Chatham, Ontario, Canada, the company began as a restoration business named RM Auto Restoration, specializing in the refurbishment of classic automobiles. This venture soon expanded into auction services, targeting the soaring interest in vintage cars.

In 1991, RM held its first auction in Toronto, signaling the company's official foray into the auction industry. The event's success set the stage for future growth, and in the ensuing decades, RM continued to bolster its reputation by curating and conducting high-profile auctions across North America and Europe. One hallmark event was the 2002 Monterey auction, where RM made headlines for selling a 1962 Ferrari 330 TRI/LM Testa Rossa for over $6.5 million—an astronomical sum at the time, setting a new world record for a car auction.

In 2015, RM Auctions entered a strategic partnership with Sotheby's, one of the world's oldest and most esteemed auction houses, dating back to 1744. This collaboration led to the rebranding of the company as RM Sotheby's. The alliance aimed to combine RM's expertise in automotive auctions with Sotheby's vast experience in the broader auction market, effectively expanding the reach and prestige of both organizations.

Over the years, RM Sotheby's has conducted numerous record-breaking sales, including the sale of a 1962 Ferrari 250 GTO for $48.4 million in 2018. The company's dedication to authenticity, coupled with an unerring eye for rare and valuable automobiles, has cemented its standing as a dominant force in the niche market of collectible car auctions.