Introduction:1.1. (The auction was originally scheduled to take place at the Palm Beach International Raceway.) 9.1. Title, Registration Documents, and/or Appropriate Documents Evidencing Chain of Ownership to Motor Car or Any Other Lot:7.1. If so, input your company name: You haven't completed the registration, check your email for instructions. 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. Further Stunning Lots from RM Sotheby’s Palm Beach Auction. RM Sotheby's saw an unprecedented level of interest in its online platform, with nearly 900 registered bidders - 23 percent more than the average number of registered bidders at live RM Sotheby's South Florida auctions over the last four years. Please note that the Buyers’ Premium may be subject to change at the discretion of RM if the standard Buyers’ Premium for the auction changes. If no reserve, indicate clearly by writing “NONE” in the space provided in the fillable section of the Auction Consignment Agreement.18.2. Bidding is live now as of 11:00 a.m. on Friday, March 20. RM Sotheby’s recently held their Online Only: The Palm Beach Auction as their first catalog sale that was offered only online. The Bidder is responsible for all risk of loss or damage and insurance immediately upon purchase of the motor car or any other lot.6.7. 12.6. In this case, the Online Only platform allowed RM Sotheby’s to swiftly adapt to changing circumstances to continue to serve its clientele. In order for a RM Car Specialist to bid on the Bidder’s behalf, the Bidder must (i) provide the following information, (ii) select and initial beside a bidding option as outlined below, and (iii) sign their name at the bottom of this Addendum to Bidders’ Conditions of Business: ONLINE ONLY: THE PALM BEACH AUCTIONClient Name: Lot Number: Bidding Options: I acknowledge and agree that an RM Car Specialist may bid on my behalf on the above referenced lot number at the Online Only Auction in accordance with the following selected option:A. Services. RM AUCTIONS ANNOUNCES NEW VENUE FOR SOUTH FLORIDA SALE, EARLY HIGHLIGHTS FOR RM AUCTIONS PALM BEACH SALE SPAN THE COLLECTOR CAR MARKET, RM SOTHEBY’S NOW ONLINE ONLY PALM BEACH SALE LED BY SENSATIONAL FERRARI LAFERRARI APERTA, RM SOTHEBY’S ADDS 1996 PORSCHE 911 GT2 TO ONLINE ONLY: THE PALM BEACH AUCTION, Plowing Ahead: Farming with Lamborghini, Porsche, Fiat, and Ford, Off-Roaders Online: An Appreciation of Practical Vehicles Appearing at RM's Online Only Palm Beach Auction, In Honor of Auburn: Friday Fashion, American-Style, Rolling Through Time: A Brief History of Rolls-Royce, Supercar Showdown: Ferraris, Lamborghinis, and One Mighty McLaren Available Online, Three Healeys: Three Highly Evolved Austin-Healey Roadsters Duel Online, 15 Under $200k: Exceptional Value Available Online, New Classics of Luxury: Modern Flagships from Rolls-Royce to Mercedes-Benz. 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. ADDENDUM TO CONSIGNORS’ CONDITIONS OF BUSINESS (“ADDENDUM”)1. If there is a discrepancy, contradiction, or question of interpretation in a description for a motor car or any other lot, online or otherwise, between the English version of the description and a version produced in a language other than English, the English version will supersede. Please note that RM requires all bank letters to be written on bank letterhead; RM may waive this requirement at its sole discretion.6.2. If the Bidder is not the winning Bidder of the motor car or any other lot, the CC Hold will be removed from the credit card in accordance with the Bidder’s specific credit card companies’ procedures. User For final purchases exceeding US$5,000, all payments must be in the form of wire transfer unless other arrangements have been approved in advance. As a condition of bidding at the Online Only 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 motor car or any other lot at the Online Only Auction. Bid update and other notification functionality may not occur in real time. RM Receiving Motor Car or Any Other Lot in Trust: Any consigned Motor Car or Any Other Lot is delivered to RM in trust under the exact terms set forth in these Conditions. Such functionality is subject to delays beyond RM’s control. No Legal or Tax Advice. RMA will receive a Buyers’ Premium of 10% on all motor car lots.8.2.2. “This was an unprecedented online collector car auction in terms of both value of cars offered over four days and the speed at which we had to pivot from the regularly scheduled South Florida auction,” said Kenneth Ahn, President, RM Sotheby’s, following the auction. The online-only auction totaled $13.7 million in sales, with an overall sell-through rate of 69 percent. The auctioneer has absolute and sole discretion in the case of error or dispute with respect to bidding and, whether during or after the sale, to determine the successful Bidder, to re-open the bidding, to cancel the sale, or to re-offer and re-sell the motor car or any other lot in dispute. Even though the RM Bidders’ Conditions of Business are generally standardized, there are unique jurisdictional requirements and terms that may not apply to every auction, and it is each Bidder’s responsibility to understand and review these Conditions of Business as they apply. Whenever used in these Conditions of Business, as the contract requires, the singular number shall include the plural, the plural number shall include the singular, the masculine gender shall include the feminine and neuter, the feminine gender shall include the masculine and neuter, and the neuter gender shall include the masculine and feminine.25. Assume the rights of the Consignor to pursue the Buyer for any amounts paid to the Consignor, whether at law, in equity, or under these Conditions of Business. If the Consignor has not removed their Motor Car or Any Other Lot from the storage facility within 6 months of the sale date, RM has the right to enter the Motor Car or Any Other Lot into an auction at no reserve or to sell it via private treaty for fair market value.13.6.1. These Bidders’ Conditions of Business;1.4.2. If the Consignor does not pay in accordance with this clause, his/her/their Motor Car or Any Other Lot may be sold without reserve.24. Services: RM agrees to act as an agent for the Consignor and to provide auction services, including but not limited to, a sales facility, clerks, support staff, event advertising, and promotion. If the motor car or any other lot 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 motor car or any other lot, (ii) retain its standard Buyers’ Premium, Storage Fee, and other applicable expenses, and (iii) return the remaining payment to the Buyer.20. Although RM endeavors to provide a safe, secure, and functioning Online Only Auction, RM cannot guarantee the continuous operation of or access to the Online Only Auction or a Bidder’s ability to connect and navigate the Online Only Auction. RM opines that physical damage to the Motor Car or Any Other Lot, which cannot be sufficiently repaired prior to the auction, occurred after these Conditions was signed;15.3. • Additional information and bidder registration available at rmsothebys.com . RM Sotheby’s made the decision to transition the auction to its Online Only platform due to the global COVID-19 pandemic, less than ten days prior to the scheduled auction date. Headlining the lot is … We specialize in rare antique, classic, and sports & racing cars. Special payment arrangements can be made for multiple lot purchases, which the Bidder is welcome to discuss with an RM representative upon completion of the Online Only Auction.12.5. RM may require such necessary financial references, guarantees, deposits, and/or such other security, at their absolute discretion, as security for any bid. With … The Consignor agrees to accept sole responsibility and liability for any representations made by RM that accurately repeat the information supplied by the Consignor as to the character, features, condition, correctness, authenticity, or history of the Motor Car or Any Other Lot, and also to indemnify, defend, and hold RM harmless from any claims that may be made with respect to any such representations.9.2. The Consignor agrees to provide RM with a good, clear, and transferable Title to the Motor Car or Any Other Lot in advance of the auction.7.3.1. Entire web site (C) Copyright RM faces significant reputational damages that would cause monetary damages for selling the motor car or any other lot; 16.5. If, however, in violation of the foregoing, the Consignor (or his or her agent) bids on his/her/their Motor Car or Any Other Lot and becomes the successful Bidder, the expenses, marketing fee, repair expenses, Buyers’ Premium, and Sellers’ Commission on the Hammer Price shall be payable by the Consignor. RM Sotheby's Palm Beach Auction Auction Information RM Auctions’ forthcoming Palm Beach auction, scheduled for 20–21 March at the Palm Beach International Raceway, has been canceled and transitioned into an Online Only offering via rmsothebys.com, where bidding will open on Friday, 20 March. Please bear in mind that RM is unable to obtain financial references over weekends or public holidays.7. RM agrees to act as an agent for the Bidders and provide Online Only Auction services including but not limited to clerks, support staff, event advertising, and promotion. If a bid placed by another bidder exceeds your bid, you will be notified via the email address you provided during registration, and the webpage of the motor car or any other lot will indicate you have been outbid.6.3. 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. All purchased motor cars or any other lots must be removed by the Buyer from the location in which they resided during the Online Only Auction within 5 business days of the sale (“RM Removal Deadline”).19.2. The Online Only Auction will have the following Buyers’ Premiums:8.2.1. Results are listed in USD and include 10% buyer's premium and include select transactions that occurred immediately following the sale. Material issues regarding title, registration, or transfer of ownership that cannot be reasonably cured; 16.6. 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”). RM Sotheby’s Car Specialists and dedicated client services team was also available to answer any questions from potential bidders and consignors. A distinctive beast, the Toronado languished Any terrorist event, disease, war, as well as any “guideline” or “recommendation” by government (local, state/province, federal/national) that, despite reasonable efforts, restricts RM from holding the auction.14.2. 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. In order to assist Bidders with this process, RM may provide information about the tax status of each motor car or any other lot, as well as any ownership or registration papers that will be supplied with the respective motor car or any other lot (“Tax and Ownership Information”); however, this information is being provided merely to assist Bidders in their determination of their own tax and regulatory responsibilities. Except as otherwise expressly provided herein, these Conditions of Business shall not be modified, except in writing. As auctioneer, RM acts as the agent for the Consignor, and a sale contract is made directly between the Consignor and the Buyer. Although by no means an exhaustive list, please be aware of the tax scenarios below.9.2.1. 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.4. 19. The Buyer agrees to indemnify, defend, and hold RM harmless from any claims that may be made with respect to any Buyer-alleged damages or liability, including but not limited to travel expenses, repair expenses, and inspection expenses in any way related to actions taken in accordance with clause 3. at the sale brought similar results. The Bidders agree to allow RM to use their personal information in accordance with RM’s Privacy Policy. No-Sale of Motor Car or Any Other Lot:13.1. If the Motor Car or Any Other Lot is sold by RM during the term of these Conditions, the money due to the Consignor shall be disbursed within 20 business days after the sale, provided that the purchase price, applicable commissions, and fees have been received by RM, in accordance with the terms of these Conditions.5.2. By participating in the sale, 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 federal and state antitrust law. RM does not provide any representations or warranties in regard to the lot subject to the Report. Reserves. 18.1.1. Learn more! Anti-Money Laundering: The Consignor agrees to provide all information and assistance reasonably requested by RM to comply with RM’s internal anti-money laundering process and to comply with any and all anti-money laundering laws and regulations in force in the jurisdiction in which the auction is held.30. (clause 10 to 10.2.1 together “Twenty Day Window”)11. Bidders are encouraged to contact RM’s Client Service department at [email protected] with any questions or concerns regarding these Bidders’ Conditions of Business.1.4. BLENHEIM, Ontario (17 March 2020) – RM Sotheby's is pleased to announce the latest details for Online Only: The Palm Beach Auction, a time-based online auction, set to open for bidding at 11:00 am ET on Friday, 20 March with staggered closure on lots to begin at 11:00am ET on 25 March, running through 27 March. Online Only Auction is “As Available” and “As Is.” 17.1. Lot 435 1996 Porsche 911 GT2 (WP0ZZZ99ZTS392164) $891,000 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. Search prices realized and auction results on any of our previous RM Sotheby's collector car auctions. Others Cancellation/Rescission of Motor Car or Any Other Lot: RM will use reasonable efforts to avoid cancellation/rescission; however, RM has the sole discretion to cancel/rescind the sale of a Motor Car or Any Other Lot and will not be liable to the Consignor for any losses or damages resulting from the cancellation/rescission if RM believes the following events have occurred or have a reasonable probability of occurring:15.1. The Consignment Agreement package; for the avoidance of doubt, this is the fillable package containing the Consignor’s personal information and information regarding the Motor Car or Any Other Lot;1.2.3. Developed in 2019, RM Sotheby’s Online Only platform is easy to use, providing consignors and bidders a platform that allows faster transactions to take place while still harnessing the level of service and global reach for which the RM Sotheby’s team is known. Any natural disaster that, despite reasonable efforts, restricts RM from holding the auction;14.1.2. Buyers’ Premium. Any dispute, claim, or controversy arising out of or relating to these Bidders’ Conditions of Business or the breach, termination, enforcement, interpretation, or validity thereof, including the determination of the scope or applicability of these Bidders’ Conditions of Business to arbitrate, shall be determined by arbitration in Detroit, MI, before one arbitrator. 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