The Bidder is responsible for any and all due diligence including but not limited to inspections and verification of the (i) condition, (ii) authenticity, (iii) completeness, (iv) statements made in reference to, and (v) any and all other matters regarding any Lot(s) offered in an RM sale (“Bidder Due Diligence”).3. 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”).1.3.1. There is no “cooling-off period”, cancellation, or rescission of bids. **Please note that the applicable Buyers’ Premium will apply._____________Bidders’ InitialsOR B. Media.
13.2. The Elkhart Collection auction was also another case study for the power of ‘no reserve’ collection auctions, with many of the lots seeing incredible results. If the Bidder has recently tested positive for COVID-19 or are experiencing any symptoms of COVID-19 including, but not limited to, fever, dry-cough, tiredness, aches and pains, difficulty breathing, shortness of breath or, have been in contact with someone with COVID-19 or suspected COVID-19, the Bidder will not permitted to attend the auction. You're high bidder
Purchase Price and applicable taxes;13.3.2. RM Sotheby’s Elkhart Collection - Elkhart, Indiana: October 23 - 24, 2020 The result of decades of judicious and targeted collecting, The Elkhart Collection - Offered Almost Entirely Without Reserve comprises the most exceptional marques and models in automotive history. We visited the Elkhart Collection for a closer look at one of the most fascinating collections to come to auction this year, and RM Sotheby’s fired up three selections from the lot list for a chilly blast along the airport’s service roads. Cash payments will be reported according to U.S. federal government requirements.12.5. If the Lot(s) is not removed for one calendar year from the RM Removal Deadline and other arrangements have not been made, RM has the right to (i) auction the Lot(s), (ii) retain its standard Buyers’ Premium, storage fee, and other applicable expenses, and (iii) return the remaining payment to the Buyer.23. 2004 Honda Valkyrie Rune The Elkhart Collection 1,832 cc, water-cooled, horizontally opposed six-cylinder engine Finished in double-clearcoat black Features tank-mounted digital instrumentation Fitted with factory windscreen Includes factory literature The Elkhart Collection. RM Sotheby’s presented the exceptional Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Lot Closed
The CC Hold will not be charged to their credit card if the Bidder makes full payment on or before 5:00 p.m. of the next business day following the auction. By attending the auction, the Bidder agrees to submit to a temperature check and to wear a mask at all times. 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; and1.2.5. Please note that even if a Bidder has satisfied and/or met some or all of the Bidder Registration Requirements for previous RM auctions, all Bidders will be required to satisfy and/or meet the Bidder Registration Requirements for the auction specifically prior to being accepted to bid.7.3. Privacy Policy and
Reserved. Packing and Shipping. 7.7. Online Services Are “As Available” and “As Is.” 18.1. At the Close of the Lot, you are now the legal owner of the applicable Lot(s) and are responsible for payment in full.
Entire Agreement. Occasionally, RM may own a Lot(s) (and, in such circumstances, acts in a principal capacity as the seller) and/or may have a legal, beneficial, or financial interest in a Lot(s) as a secured creditor or otherwise, in which case RM will disclose such interest with appropriate Symbols and/or Legend referenced in the auction catalogue and/or auction lot description on the Website.2. The Bidder and any guests in the Bidder’s party, acknowledge the potential risks associated with COVID-19 exposure and voluntarily assume all risks related to exposure to COVID-19.29.2. For RM American auctions, all purchased Lot(s) must be removed by the Buyer from either the auction site or the secure storage facility by the next business day by 5:00 p.m. in the applicable time zone where the auction is held (“RM Removal Deadline”). ‹. RM opines that the Lot(s) has been intentionally and materially misrepresented by the Consignor;17.2. The 1952 Ferrari 225 S Berlinetta with coachwork by Vignale hammered to … Cameron Neveu . Contact
The bids and currencies listed on the bid display are not real-time bids or conversions pegged to market rates and are not to be relied on by anyone.
6. The Bidder will only be exempt from wearing a mask while eating or, if the Bidder has been diagnosed with a medical condition that prohibits the wearing of a mask.29.5. All Sales Are “As Is” and “Where Is.” 4.1. 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 RM’s Conditions of Business will supersede.28.2. 4. RM will use reasonable efforts to avoid cancellation/rescission; however, RM has the sole discretion to cancel/rescind the sale of a Lot(s) and will not be liable to the Bidder for any losses or damages resulting from the cancellation/rescission, including but not limited to if RM believes the following events have occurred or have a reasonable probability of occurring:17.1. If attending the auction in person, the Bidder agrees to the following:29.1. As a condition of bidding at the auction, it is the Bidder’s 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. Catalog Auction info. Learn more! Overall, the results were exceptional proving that the market for high quality collector cars is alive and well across all price points.”, BIDDERS’ CONDITIONS OF BUSINESS 1. 19. Gallery: The Elkhart Collection Car Auction Has Something for Everyone. Reserves. View Lots. Enter the email address associated with your rmsothebys.com account. The mediation and arbitration shall be administered by the American Arbitration Association pursuant to the AAA Commercial Arbitration Rules and Mediation Procedures. Up to US$______________________________ Hammer Price (as outlined and defined in the Auction Bidders’ Conditions of Business). To bid at the auction, a Bidder must satisfy any and all RM bidder registration requirements which include, but are not limited to (i) being at least 18 years of age; (ii) providing RM with a copy of a valid form of government-issued identification; (iii) providing RM with bank letter written on bank letterhead; RM may waive this requirement at its sole discretion; (iv) providing RM with a copy of a credit card; and (v) providing RM with copies of any and all required financial documents including, but not limited to, financial references, guarantees, deposits, and/or such other security, at RM’s absolute discretion, as security for any bid (together “Bidder Registration Requirements”).7.2. If the Bidder’s cash deposit and/or credit card payment does not cover the Purchase Price plus applicable taxes, in addition to other remedies available by law, RM reserves the right to impose, from the Payment Deadline until the full Purchase Price plus applicable taxes has been made by the Buyer, a late charge of (1) the U.S. Prime Rate + 4.00% for up to the first 60 calendar days after the Payment Deadline and (2) the U.S. Prime Rate + 8.00% thereafter until the full Purchase Price plus applicable taxes has been made by the Buyer on the: 13.3.1. 12.1. All Lot(s) are sold as is, where is, with no representations or warranties, expressed or implied. Please ensure that you read and understand these Bidders’ Conditions of Business (“Conditions of Business”) prior to bidding on a motor car or any other lot (“Lot(s)”) at this or any other RM Auctions, Inc. (“RMA”) or RM Sotheby’s (“RMS”) auction (RMA and RMS together are “RM”). 23 - 24 October 2020. Bid Display. At RM’s discretion, RM will execute order or absentee bids and accept telephone bids and online bids via rmsothebys.com as a convenience to clients who are not present at auctions; RM is not responsible for any errors or omissions in connection with the calling, displaying, accepting, or rejecting of bids. Where applicable, RM may take a deposit from the Buyer equal to the amount of VAT due, which will be refunded upon receiving satisfactory evidence that the Lot(s) has been transported to and registered in another EU country. Closing: {{item.TimeLeft}}
Other damages reasonably related to the Bidder’s non-payment.14. Privacy Policy and
Statements printed in catalogues, Lot description(s), 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. When a Lot(s) is sold subject to such a reserve, the auctioneer may bid on the Consignor’s behalf in an amount not to exceed the amount of the reserve.15. RM Sotheby’s is the world’s leading auction house for collector cars. RM’s contractual relationship with the Bidders are governed by:1.2.1. Verbal bidding instructions will not be accepted. In order to register to bid onsite at auction, Bidders must pay a US$100.00 bidder registration fee. The website of auction house RM Sotheby’s features “The Elkhart Collection,” a group of cars owned by Najeeb Khan that will be sold in May. Applicable expenses;13.3.3. 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. 6.1. The Bidder is responsible for all risk of loss or damage and insurance immediately upon purchase of the Lot(s).7.9. Elkhart, Indiana. The second of a mere three examples built of this unique Cooper design powered by Jaguar’s racing-specification XK engine, the highly authentic Cooper-Jaguar saw six victories at Goodwood and Silverstone in the 1956 and ’57 seasons and today has been recommissioned by marque specialists for recent participation in prestigious international events. Sold
21.1.
If the Buyer of a Lot(s) resides in an American state, in an effort to ensure all titles are free and clear of liens or encumbrances, RM manages the process of title reassignment on behalf of the Buyer. 10/23/2020 4:00 AM GMT . BY PLACING A BID, THE BIDDER EXPRESSLY ACKNOWLEDGES THAT THE CONSIGNOR(S) OF THE LOT(S) ARE TRUSTEE(S) OR AFFILIATES FOR A BANKRUPT ESTATE, INCLUDING TRUSTEES UNDER CHAPTER 11 OF THE U.S. BANKRUPTCY CODE.
The Conditions of Business displayed on RM’s website; 1.2.3. Please note that the registration fees outlined above are subject to change by any salesroom notice, auctioneer’s announcement at the auction, catalogue update, or website update, and it is each Bidder’s responsibility to apprise themselves of any changes to the registration fees.7. Current: {{item.CurrentBid}}
29.4.
Bidding. RM is registered to collect/remit sales tax in the following states: Arizona, California, Florida, Indiana, Michigan, New York, and Pennsylvania. The undoubted star of the auction was a rare and beautifully finished 1952 Ferrari 225 S Berlinetta by Vignale, which sold for a final $2,810,000 during the Saturday sale session. 29. 22.1.1. RM opines that physical damage to the Lot(s), which cannot be sufficiently repaired prior to the auction, occurred after this agreement was formed; 17.3. Services. (Clauses 8 to 8.2 together are “Purchase Price”)9. Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RMS a Buyers’ Premium of 20% on the Hammer Price of those particular lots.10. If a Bidder would like an RM representative to bid on their behalf, they need to complete the corresponding RM Car Specialist as Agent Form attached as Attachment #1 to these Conditions of Business.7.12.
Follow; Upcoming Past; Image Lot # Title Est. If the Buyer of a Lot(s) resides in an American state in which RM is registered to collect/remit sales tax, RM is required to collect/remit sales tax on the purchase of that Lot(s). If you wish to ask any questions regarding the use of your personal information, to request a full accounting of what personal information is on file with RM, or to unsubscribe to any services or purge your personal information from RM’s systems, please email privacy@rmsothebys.com.26. High Bid: {{item.CurrentBid}}
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Terms of Service apply. You're outbid
20. Credit Card Hold and Pre-authorization. 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 Bidder’s ability to connect and navigate the Services. 22.2. This site is protected by reCAPTCHA and the Google
21.1.1. The Buyer is responsible to pay all applicable sales taxes, and any and all other taxes due for which the Buyer does not qualify as exempt, subject to RM verification; proof of exemption is the Buyer’s responsibility. I am grateful to the consignors for entrusting us to offer this meticulously curated, high quality collection of cars and memorabilia. Also claiming spots within the top ten were three extremely rare Jaguar continuation cars— believed to be the first example offered publicly, a 1957 XKSS, one of nine examples produced, sold for $1,985,000; an as-new 1963 E-Type Lightweight, known as “Car 0”, the first of seven built by Jaguar Classic and used as the North American press car, brought $1,710,000; and a 1955 D-Type, one of 25 D-Types produced by Jaguar Heritage and finished in the iconic Scottish Racing Blue of Ecurie Ecosse, generated a final $1,325,000. 24 Oktober 2020 von 10:00.
Cancellation/Rescission of Lot(s). Terms of Service apply. RM will use reasonable efforts to avoid cancellation/rescission; however, RM has the sole discretion to cancel/rescind the auction and will not be liable to the Bidder for any losses or damages resulting from the cancellation/rescission, including but not limited to if RM believes the following events have occurred or have a reasonable probability of occurring:16.1. In the event of a final Hammer Price above US$250,000.00 on all motor car lots, RMS will receive a Buyers’ Premium of 12% on the first US$250,000.00 and will receive a Buyers’ Premium of 10% on the Hammer Price above US$250,000.00.9.2.3. Oktober 2020) Nach einer corona-bedingten Verschiebung kam am 23. und 24. If the Buyer of Lot(s) resides in the EU, according to the EU VAT Directive, Lot(s) that have been in use for no more than 6 months or that have been driven for no more than 6,000 kilometers are considered new means of transport and will be subject to VAT. Introduction.1.1. The Bidders agree to allow RM to use their personal information in accordance with RM’s Privacy Policy. RM Sotheby’s will auction off an exceptional private collection of more than 240 cars, 30 motorcycles, trucks, trailers and select memorabilia and equipment — offered almost entirely without reserve — at its Oct. 23-24 sale in Elkhart, Ind. Non-Payment. Bidders are encouraged to contact RM’s Client Service department at clientservices@rmsothebys.com with any questions or concerns regarding these Conditions of Business.1.2. I believe this auction highlighted RM Sotheby’s key strengths and capabilities as a global market leader for achieving successful results for private collections. The two Otto Vu examples achieved $907,000 and $775,000, respectively.
Bid, User
If at the end of the auction, you are awarded the final bid on a Lot, ownership automatically changes hands at the drop of the auctioneer’s hammer (or equivalent device or mechanism) or the close of the Lot (“Close of Lot”). The fifth of an estimated 21 examples built, the 225 S Berlinetta was highly competitive in period, having finished 2nd overall at the 1952 12 Hours of Casablanca, 4th overall at the 1952 Monaco Grand Prix, and 10th overall at the 1952 Mille Miglia, among other events. Another rare competition car also snagged one of the top five sale slots, a 1955 Cooper-Jaguar T38 Mk II, selling for $1,765,000. RM/Sotheby's RM/Sotheby’s Elkhart Collection Versteigerung (23. The Bidder agrees not to hold RM or any of their affiliates, directors, officers, employees, agents, contractors, third parties, vendors, guests, or volunteers liable for any issues associated with COVID-19 exposure.29.3. The full Privacy Policy can be found at the bottom of the RM website homepage under the Privacy & Terms tab. 18.
Any dispute, claim, or controversy arising out of or relating to these Conditions of Business or the breach, termination, enforcement, interpretation, or validity thereof, including the determination of the scope or applicability of these Conditions of Business shall exclusively be subject to arbitration, and shall first be subject to mediation as a condition precedent to arbitration.
Accordingly, to the extent permitted by applicable law, RM excludes all expressed or implied warranties, terms, and conditions, including but not limited to implied warranties of merchantability, fitness for a particular purpose, and non-infringement. Inside, the main building of the Elkhart Collection is stuffed with rows upon rows of cars. TO THE FULLEST EXTENT OF THE LAW, THE BIDDER AGREES TO DEFEND AND INDEMNIFY RM FROM ANY POST-SALE ISSUES THAT MAY ARISE WITH THE LOT(S), INCLUDING IN ANY AND ALL DISPUTES BETWEEN THE BIDDER AND CONSIGNOR.5. Title Transfer. Lot(s) not marked as “no reserve” (or similar) are subject to a reserve set by the Consignor. Fill out your profile and receive emails about the types of cars and events you're interested in. 4.2. 10.1. 12.4. 11. Bid update and other notification functionality may not occur in real time. Absentee and Telephone Bidding. If the Bidder fails to pay for a Lot(s) purchased on or before 5:00 p.m. of the next business day following the auction, the Bidder acknowledges that their credit card will be charged the applicable CC Hold for the missed payment; please note that the Bidder is still bound to pay their remaining balance. The global leader in the collector car industry. {{item.Specialist}}
A US$75.00 administration fee or its equivalent in local currency of the auction location (US$85.00 in the State of California) will be assessed per motor car purchased, but this fee will not apply to nostalgia lots. 20.1. Media. The success of The Elkhart Collection auction joins previous court-authorized bankruptcy auctions that RM Sotheby’s has successfully conducted such as the 2016 Duemila Route sale in Milan, Italy on behalf of the Italian Government and the 2017 Level 5 Motorsports liquidation in Auburn, Indiana on behalf of U.S. Federal authorities, and further highlighting our company’s ability to execute complex sales successfully on a global scale.”. Form of cash or certified funds unless other arrangements have been APPROVED in.!, or transfer of ownership that can not be modified, except in writing following:8.1. the Price! 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