RM | SOTHEBY'S
Located in Milan, Italy
A NEW AUCTION TO TAKE PLACE ON EVE OF MILLE MIGLIA
RM Sotheby’s is delighted to announce the Milan auction, a new addition to our 2021 European calendar which is set to take place on 15 June at Sotheby’s Milan’s historic location, Palazzo Serbelloni in Italy. The sale will present 25-30 exceptional automobiles within the venue’s courtyard setting drawing on many of Europe’s collectors who will be in Milan for the start of the Mille Miglia. We are delighted to be working with our colleagues at Sotheby’s Milan and for the cooperation of Palazzo Serbelloni for the provision of the stunning location which will allow for a livestreamed sale with two full days of preview on Sunday, 13 June and Monday, 14 June, as well as in the morning on Tuesday, 15 June, available to a limited number of bidders by appointment only.
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
For Motor Car Lots
- In the event of a final Hammer Price of €200.000,00 and below on all motor car lots, RM Sotheby’s (“RMS”) will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium).
- In the event of a final Hammer Price above €200.000,00 on all motor car lots, RMS will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium) on the first €200.000,00 and will receive a Buyers’ Premium of 12.5% (plus VAT on the Buyers’ Premium) on the Hammer Price above €200.000,00.
For Non-Motor Car Lots
- 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% (plus VAT on the Buyers’ Premium) on the Hammer Price of those particular lots.
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.
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 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.
Please work with our administration team post sale to finalize collection details and arrangements before Monday, 21 June. Following the auction, all lots will be removed from the auction venue immediately and taken into secure storage in Brusaporto. The fee for this removal is €350 + VAT and will be charged to the buyer. Daily storage charges at a rate of €25 + VAT per car will be charged from Monday, 21 June onwards. All charges will need to be paid prior to the car being released.
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 company:
+39 3356 031 723
Please note that the Buyer is responsible for all risk of loss or damage and insurance immediately upon purchase of lots; this includes whilst it is transported from the auction venue and while it is stored at Brusaporto, Bergamo.
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 Clause 29 of the Bidders’ Conditions of Business
The auction is approaching fast, and consignment space is limited. As market leaders in the collector car industry, you can rest assured that RM Sotheby’s will exhaustively research, market, and present your vehicle to the people it needs to reach. We are here to help in every step of the process. Call or email us today!