RM | ONLINE ONLY
Open Roads, August
ONLINE ONLY: OPEN ROADS, AUGUST
28 JULY - 4 AUGUST
Open Roads, August is an Online Only sale that offers consignors the opportunity to sell their cars in various currencies and locations throughout the globe. Our Online Only auctions provide consignors and bidders with a proprietary platform that allows for faster transactions to take place while still harnessing the high level of service that our in-person auctions offer, including a carefully researched description, photography, title and documentation administration for seamless transfer of ownership, and easy payment methods.
Each car will be presented with comprehensive photography as well as condition reports completed by RM Sotheby’s Car Specialists. Where available, additional information on each lot—such as history files, production certificates, restoration documentation, service invoices, owner’s manuals, and accompanying parts—can be viewed online once you have created an account and/or have logged in by clicking the “View Files” button on the individual lot page.
IMPORTANT BIDDER INFORMATION
Bidder Registration Requirements
The following items will be required for you to submit your registration:
- One of the following: Driver's License, Passport Identification, or ID Card
- Proof of funds (Proof of Funds or Bank Statement)
- Credit Card (used for a pre-auction authorization)
- If registering as a Company, Proof of Company (Incorporation documents, VAT/Tax Number)
- If registering as a North American dealer, copy of Dealer and Resale Tax Certificate
Additional Fees to Be Considered
The Buyer’s Premium for all motor car lots in this auction is 10% (plus VAT on the Buyers’ Premium as applicable) of the hammer price, and the Buyer’s Premium for all non-motor car lots is 20% (plus VAT on the Buyers’ Premium as applicable) of the hammer price.
Bidders are responsible for any applicable duty and/or local taxes on any motor car(s) or any other lot(s) purchased. International bidders are advised to inform themselves of potential import duties that would be due upon arrival of the lot(s) to its final destination. You are advised to speak with your local representatives in advance of the sale to understand what these costs would be. The location in which the lot is sold is clearly indicated on the lot page found on rmsothebys.com.
Please pay careful attention to any Lots that are:
- VAT Applicable
- VAT Implication
- Temporary Import
Lots Under Temporary Import
Those cars subject to temporary importation restrictions cannot be discharged from RMS’ custody without the completion of customs procedures and until full payment has been received. Customs charges will be levied appropriately depending on each individual scenario and will be payable directly to the relevant authorities, which RMS will provide the details of as and when necessary. Please note there is a compulsory administrative fee to process removing the car from bond.
Payment is due in full on or before 17:00 of the next business day following the auction, and payment is to be made to RM Sotheby’s (‘RMS’). All payments must be in the form of bank transfer unless other arrangements have been approved in advance. International Bidders are advised that bank transfers may take multiple days for funds to transfer, and as such, we ask for banking institutions to confirm the transfer directly with our Administration department once initiated.
RMS strongly advises Buyers to make immediate arrangements for the collection and transport of purchased lots. It is the Buyer’s responsibility to make their own arrangements, but RMS is pleased to offer our clients the services of the following preferred companies:
Contact - Bob Sellers
Contact - James Walker
+44 7908 645 852
If the car is to go into storage, storage fees will be assessed on a case-by-case basis. Please note that it is the Buyer’s responsibility to insure their purchased lot(s) whilst in storage, as insurance is the Buyer’s responsibility once the lot is sold.
You will not receive your title for your car at the time of the sale. We manage the title transfer process on your behalf to ensure the car is free of liens and encumbrances. For motor cars sold in the North American market, a $75.00 USD administration fee ($85.00 USD in the State of California) will be assessed per motor car(s) purchased by an individual Buyer. Note this fee will not apply to nostalgia lot(s). You can expect your title to be couriered to you within 20 business days post-sale, at which time you can register the car at its final destination. If a Lot(s) is rendered “Title in Transit,” it is unlikely that the Buyers will receive the title in the mail within 20 business days following the auction; however, RM will work to provide the titles to the Buyer as soon as possible.
You will not receive the title for your car at the time of the sale. Once full payment has been received, pending all title cancellation formalities having been completed, you can expect your title to be couriered to you within 20 business days post-sale, at which time you can register the car at its final destination.
Client Service and Administration Contacts
§ Please note that lots displaying this symbol are offered by a “Business” as defined in the Consumer Protection Rights Clause found in the Bidders Conditions of Business