GENERAL FAQs

Will RM Sotheby’s be offering all cars originally advertised for the Palm Beach sale?

No. When the sale transitioned to an Online Only auction we contacted our consignors to confirm participation on an individual basis.

*Note: as the name suggests, the sale will be an online only time-based auction.

How many cars will be in Online Only: The Palm Beach Auction?

We have confirmed that more than 240 cars and select automobilia will be offered.

Each car will be presented with comprehensive photography as well as condition reports completed by RM Sotheby’s 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 you are logged in, by clicking the “View Files” button on the individual lot page.

When will Online Only: The Palm Beach Auction be taking place?

Lots offered in Online Only: The Palm Beach Auction will begin to open for bidding on Friday, 20 March at 11:00 am ET. Given the high volume of lots on offer, it may take multiple days for all lots to open for bidding.

Lots will begin closing at 11:00am ET on 25 March, with staggered closure times to allow bidders to participate in multiple lots. Due to the large number of lots on offer, ending times may run through to 29 March.

Lots will close between 11:00am and 6:00 pm ET daily. Some lots may close after 6:00 pm ET if extensions are issued due to last minute competitive bids.

I bought a ticket to the Palm Beach live auction event. Will I be refunded?

We have refunded all tickets purchased through our third-party vendor to the credit card that was used to purchase the ticket(s). An email outlining the refund was sent to all purchasers on Friday, 13 March.

Will bidders currently registered for the Palm Beach sale need to re-register if they wish to bid on a car(s) being moved to Online Only: The Palm Beach Auction?

Yes, bidders must create an account on rmsothebys.com in order to register to bid for the online auction. Online bidding is the only method available for the Online Only sale. Should you need any assistance, our Client Service team is ready and able to walk new and existing bidders through any part of the process. Registration for the Online Only: The Palm Beach Auction is currently open and free.

A video tutorial on how the create an account, register to bid, and bid on a lot is available HERE.

Should you have any questions about bidding options, or how to create an account, please contact a Client Service Representative at info@rmsothebys.com or by calling into any one of our North American offices.

What are the Buyer’s Premium and Terms and Conditions for Online Only: The Palm Beach Auction?

Online Only: The Palm Beach Auction is governed by RM Sotheby’s Bidders’ Terms and Conditions.

Buyer’s premium: A Buyer’s Premium of 10% applies to the hammer price of each motor car lot, and a Buyer’s Premium of 15% applies to the hammer price of all automobilia lots.

Sales Tax: If sales tax is applicable, it will be added at the time of invoicing. Please speak with a member of our Administration Team should you have any questions.

Credit Card Authorizations and Automatic Charges for Winning Bids up to $5,000. Please note that for any purchases under $5,000 US, your credit card on file will automatically be used as the payment method for purchase of the lot and applicable Buyer’s Premium. Special payment arrangements can be made for multiple lot purchases above $5,000 US only, which you are welcome to discuss with an RM Sotheby’s representative upon completion of the auction.

How can a successful bidder obtain their items from the Online Only: The Palm Beach Auction?

Successful buyers must make shipping arrangements from RM’s locations in Florida or Auburn, or, in some cases, consignors’ locations, depending on where the specific car is located (see location noted in each lot’s description). RM is happy to provide the contact details of an experienced local shipping company to assist with these arrangements. The location of each lot will be listed on its lot description page.

BIDDING FAQs

How does bidding work?

HOW TO BID:Once logged in and registered to bid, additional information on the bidding process will be available on each individual lot page via the “HOW BIDDING WORKS” button. Key information included in the instructions is also listed below.

OUTBID NOTIFICATIONS: If a bid placed by another bidder exceeds your bid, you will be notified via the email address you provided during registration, and the lot page will indicate you have been outbid.

ANTI-SNIPE FEATURE: If a bid is placed within the final two minutes, the auction will be extended by an additional two minutes to prevent a bidder from trying to place a high bid in the final moments of the auction.

LOTS WITH RESERVE: Some lots may be subject to a reserve price or the minimum amount that a seller will accept as the winning bid. The reserve price will remain confidential. For lots with a reserve price, your bid must meet or exceed the reserve to win the lot. In the event you are the highest final bidder, but your bid has not met the reserve price, the lot will not sell.

LOTS WITHOUT RESERVE:  If you are bidding on a lot that is “offered without reserve,” you will win the lot if you are the high bidder at the time bidding closes.

What are the bidding increments for Online Only: The Palm Beach Auction?

The asking price is determined by the increment table below. If you type an amount that would result in an off-increment bid, your bid will be rounded down to the nearest on-increment bid.


If you are currently the high bidder, you may still increase your bid by placing another bid for a higher value.

 

Current Bid

Minimum Increment

0 - 499

10

500 - 999

25

1,000 - 2,499

50

2,500 - 4,999

100

5,000 - 9,999

250

10,000 - 24,999

500

25,000 - 99,999

1,000

100,000 - 499,999

5,000

500,000 - 999,999

10,000

1,000,000+

20,000

Where does bidding begin on lots that are “offered without reserve” and on lots that do have a reserve?

For unreserved lots, bidding starts at $50 and the lot will sell to the highest bidder at the end of the auction. For lots with reserves, bidding starts at half (50%) of the published low estimate, and the final bid must exceed the reserve price in order to sell to the highest bidder. Whether the reserve has been met will not be disclosed until the auction has ended.