Tag Archives: Sotheby’s

Motorsport

Sotheby’s Motorsport To Auction Two Luxury Vehicles From World-Renowned Ikonick Collection

MIAMI and BLENHEIM, ONTARIO (Oct. 12, 2023) – Sotheby’s Motorsport, the new joint venture between the automotive lifestyle ecosystem duPont REGISTRY Group and luxury auto auction house RM Sotheby’s, today announced two new listings from legendary collector Barry Skolnick’s The Ikonick Collection. The brainchild of Skolnick, an entrepreneur and philanthropist, Ikonick is home to some of the world’s finest art and automobiles. The Collection boasts more than 125 supercars, hypercars, and classic-grade vehicles.

The first-time cars from The Ikonick Collection will be available for public sale. The listings include a 2014 McLaren P1 with a starting bid of $1 million. This model is part of a limited production run of 375 units and is considered one of the Holy Trinity of hypercars. It features a unique Elite White finish with black accents and has been part of The Ikonick Collection since 2017. The listing will be live through Oct. 26. (source)

Skolnick’s second vehicle is a 2017 Lamborghini Aventador SV Roadster he purchased new. This SV Roadster boasts a gorgeous Rosso finish, custom exterior components by Novitec, and comes with less than 400 miles. It will be available for bidding starting Oct. 19 through Nov. 2 with a starting bid of $300,000. (source)

Chip Perry, CEO of Sotheby’s Motorsport, said, “We’re honored to be listing part of Barry’s famed collection. The Ikonick Collection is one of the greatest compilations of supercars and art in the world, and it is a true privilege to host the first public auction from the Collection. Barry is an icon in the luxury collector’s space, known for curating only the best of the best. We’re excited to help him make room to continue expanding his collection.”

The Ikonick Collection, housed in Miami, Florida, is part art gallery, garage, and event space. Visitors can view over 150 curated automobiles alongside sculptures and paintings from local and world-famous artists. Unlike many collectors who keep their collections behind closed doors, Skolnick decided to share his with the world by opening The Ikonick Collection.

Sotheby’s Motorsport is currently available for buyers globally and sellers with vehicles registered in the United States. To view and bid on the listings, visit sothebysmotorsport.com.

RM Sotheby’s is the world’s leading collector car auction house. With over 40 years of proven results in the collector car industry, RM’s vertically integrated range of services, from auctions (live and online) and private sales to estate planning and financial services, coupled with an expert team of Car Specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. RM Sotheby’s is currently responsible for the most valuable motor car ever sold at auction.

The duPont REGISTRY Group is the world’s leading luxury ecosystem that encapsulates the culture, community, and commerce of the high-end automotive lifestyle. Its portfolio includes duPont REGISTRY, Sotheby’s Motorsport, Canossa Events, Cavallino, and FerrariChat.

Featured

RM Sotheby’s Schumacher Automobilia Auction Surpasses $2.6 Million

RM Sotheby’s organized an online event featuring memorabilia from the illustrious career of seven-time Formula 1 World Champion Michael Schumacher. The auction garnered significant attention due to the growing global interest in Formula 1 and its legendary figures. The highlight of the auction was the helmets worn by Schumacher, with each selling for over $100,000. The event also showcased items autographed by other Formula 1 legends, including Ayrton Senna and Alain Prost, which added to the appeal for collectors and fans alike.

The numbers from the auction are impressive: the total sales reached $2,604,876, surpassing the pre-auction high estimate of $1,791,850 by a remarkable 68.8%. Notably, 94 out of the 159 lots sold for prices higher than their projected values, demonstrating the strong demand for these collectibles. Bidders from 35 different countries participated in the auction, and an astonishing 64% of them were first-time participants in this type of event.

  • 2003 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $120,000
  • 2004 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $109,200
  • 2001 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $109,200
  • 2001 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $98,400
  • 2002 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $97,200
  • 2002 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $87,600
  • 2002 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $87,600
  • 2001 Michael Schumacher Schuberth Scuderia Ferrari Formula 1 Helmet – $85,200
  • 1994 Michael Schumacher Bell Benetton Formula 1 Helmet – $79,200
  • 2003 Michael Schumacher Scuderia Ferrari OMP Formula 1 Signed Racing Suit – $78,000

This remarkable event solidifies the lasting legacy of figures like Michael Schumacher in the Formula 1 world and the increasing interest in racing memorabilia as an investment and means of preserving history. With no reserves on any items, the auction served as a litmus test for the real-world value of these artifacts, and the results were conclusive. It is a victory for both RM Sotheby’s and the growing community of Formula 1 collectors. To see all the current RM Sotheby’s inventory for sale on duPont REGISTRY, click the link below.

View All RM Sotheby’s Inventory

Motorsport

Sotheby’s Motorsport Debuts New Online Auction Platform Focused On Luxury

Sotheby’s Motorsport (SMS) has launched a groundbreaking online auction platform in collaboration with Motorsport Network. This new platform aims to bridge the gap between physical and virtual auctions in the automotive industry. With the introduction of innovative features such as a digital wallet and fully digitized transactional documentation, Sotheby’s Motorsport offers enhanced security and convenience to buyers and sellers. Additionally, the platform allows for proxy or absentee bidding, making the bidding process more efficient and enjoyable for users. We spoke with Mark Rankin, the Chief Technology Officer of Sotheby’s Motorsport, to gain insights into the unique advantages of this new online auction platform.

When asked about the inspiration behind Sotheby’s Motorsport, Rankin explained that his personal experiences of buying cars online led to the realization that there was a lack of trust and security in these transactions. To address this, Motorsport Network approached Sotheby’s/RM Sotheby’s to create a platform that combines technology with the expertise of established auction houses. Sotheby’s Motorsport aims to provide a white glove service, offering buyers and sellers a secure and reliable online auction experience.

Rankin also highlighted his passion for luxury cars and how it influenced the creation of SMS. He emphasized that the platform’s success lies in the collective efforts of a dedicated team and the support from partners at Sotheby’s and Motorsport Network. The goal is to build a platform that meets the unique needs and expectations of luxury car enthusiasts.

Ensuring the security and privacy of user data, particularly in high-value transactions, is a top priority for Sotheby’s Motorsport. Rankin explained that the platform employs advanced encryption and technology to deliver multiple user experiences while protecting financial transactions. The digital wallet feature ensures that money is only transferred once the vehicle has been delivered, providing peace of mind to both buyers and sellers.

The Sotheby’s Motorsport platform stands out from its competitors through various key technologies. It boasts a fast and secure bidding engine, allowing for real-time and proxy bidding. The platform also offers professional inspections, detailed descriptions, and full disclosure of known flaws for every listed car. This commitment to accuracy and transparency differentiates Sotheby’s Motorsport as a trustworthy marketplace for luxury car buyers and sellers.

Looking towards the future, Rankin believes that the online auction space for luxury cars can learn from the successful processes and experiences of physical auctions. Sotheby’s Motorsport aims to replicate the safety and enjoyment of physical auctions through its online platform.

In conclusion, Sotheby’s Motorsport is revolutionizing the luxury car online auction space by offering a secure platform, comprehensive transactional services, and a personalized experience for buyers and sellers. The company’s dedication to transparency and customer satisfaction sets it apart from competitors and ensures its position as a leader in the industry.

Motorsport

Sotheby’s And Motorsport Network Launch Sotheby’s Motorsport

A new online automotive auction destination called Sotheby’s Motorsport has been launched, with a focus on 21st-century sports, exotic, and luxury vehicles priced from over $100,000 to approximately $1,000,000.

The joint venture between RM Sotheby’s and Motorsport Network aims to provide a high-touch experience for users in the growing online car auction sector.

RM Sotheby’s is the world’s largest auction house by total sales, known for selling rare, desirable, and highly-collectable cars through live auctions and bespoke online sales. Motorsport Network is a globally recognized voice for motorsport, with a range of popular publications and websites.

The partnership between the two leading firms aims to combine the best aspects of live in-person and online auctions, offering both buyers and sellers a trusted, high-touch experience for successful transactions.

Sotheby’s Motorsport focuses on providing a luxury experience in the high-end automotive market, which accounts for $20 billion in annual sales in the United States. By offering superior service, confidence, and client satisfaction, the platform aims to serve this untapped market. Chip Perry, Chief Executive Officer of Sotheby’s Motorsport, stated that the platform will ensure white-glove service from start to finish, providing a curated selection of vehicles and a seamless transaction process.

Sotheby’s Motorsport offers unedited high-resolution images, driving videos, and comprehensive inspections for each listing. It also features a Proxy Bidding feature, which allows bidders to set a maximum bid and win the auction without being present at the close.

For sellers, Sotheby’s Motorsport provides a comprehensive white-glove service, taking care of all aspects of the listing process, including photography, videography, inspections, and legal documentation. The platform ensures that all bidders are securely vetted in advance to ensure a smooth transaction.

The inaugural auctions for Sotheby’s Motorsport will take place during Monterey Car Week, with bidding opening on August 15 and concluding on August 22. The platform is currently available to buyers globally and sellers with vehicles registered in the United States, with plans for international expansion in the future.