RM Sotheby\u2019s announced that its Auctions America subsidiary and all of the company\u2019s auction events will be fully integrated into the RM Sotheby\u2019s Group of Companies. Going forward, Auctions America will no longer operate as an independent subsidiary, and all existing Auctions America sales — including Fort Lauderdale, Auburn Spring, Santa Monica, and Auburn Fall — will be held under the RM banner.<\/p>\n
Auctions America has been a division of the RM Sotheby\u2019s Group of Companies since RM acquired the Auburn Auction Park in 2010. Under the leadership of auction and collector car veteran Donnie Gould, the Auctions America team grew the Fort Lauderdale event, more than restored Auburn Spring and Fall to their former glory, and established a presence in the Southern California auction market.<\/p>\n
This past Labor Day weekend marked the 47th year of the Auburn Fall tradition, one that was reignited by the Auctions America team and which will be continued by RM Sotheby\u2019s. RM Sotheby\u2019s maintains ownership of the 235-acre Auburn Auction Park, which is now another RM Sotheby\u2019s satellite office, similar to the Company\u2019s offices in Los Angeles and London.<\/p>\n
\u201cAuctions America has experienced considerable growth and success since our acquisition of the Auburn Auction Park seven years ago, and the full integration of the company\u2019s operations and brand with RM Sotheby\u2019s will allow us to maintain and expand our competitive edge in the marketplace, enhance the quality of our offerings, and channel more resources and focus to continue to drive our growth,\u201d said Kenneth Ahn, President, RM Sotheby\u2019s.<\/p>\n
\u201cMany of our clients are already familiar with specialists and support staff for RM Sotheby\u2019s who previous played dual roles, and Donnie Gould, former President of Auctions America, will remain an integral part of the RM Sotheby\u2019s global team of car specialists. In a continuously more competitive market, this integration will allow us to offer the renowned RM experience to more collectors and more cars across all price points and in new geographies. We are looking forward to new growth and success in 2018 with the now unified, stronger RM Sotheby\u2019s team and will be announcing dates for our South Florida sale in the coming weeks.\u201d<\/p>\n