Media Release


RM AUCTIONS AND SOTHEBY’S PLAN STRATEGIC ENTRY INTO EUROPEAN MARKETS FOR VINTAGE AUTOMOBILES

Monterey Sports & Classic Car Auction

North America’s RM Auctions Announces Strategic Association with International Auction House Sotheby’s to Develop European Markets for Sales of Vintage Automobiles

MONTEREY, California (August 17, 2006) – North American based RM Auctions, Inc. and the international auction house Sotheby’s, is pleased to announce the formation of an exclusive relationship to develop existing and emerging European markets for the sales of vintage automobiles.

Today’s announcement marks RM’s foray into the U.K. and European vintage automobile auction markets with the opening of operations in London. This expansion supports the development of RM’s global initiatives and the extension of sales, acquisitions and restoration services to clients across the Americas and Europe.

RM Auctions European operations will be lead by vintage car specialist Max Girardo, whose extensive international experience with automobile auctions and logistics add value to the European rollout of RM’s inaugural auction event slated for early 2007.

“RM’s growth into the European markets, and our association with Sotheby’s, allows us to provide our current and future customers worldwide with much more convenient access to our services,” says Mike Fairbairn, co-founder of RM Auctions. “We are very much aware of the need to tailor our offerings and services to the varied requirements of each international market, and we looking forward to meeting those challenges.”

Mr. Fairbairn continues, “RM already has a strong track record of success in the world’s vintage automobile market, and a demonstrated ability to build successful business and customer relationships throughout Europe. Our international clients are also excited about the prospects of our services being available in their own markets.”

Commenting, Sotheby's Chief Executive Officer for Sotheby's International, Robin Woodhead, said: “Sotheby’s is delighted to be working with RM Auctions to develop its classic and sports car auction business in Europe. The Company is established at the very highest level of this international market and is now expanding its auction base. It will host car auctions in the UK and on the Continent, in association with Sotheby’s, and we anticipate the combination of Sotheby’s and RM Auctions record of success will produce a unique auction experience.”

About RM Auctions, Inc. Celebrating more than 27 years in the collector car industry, RM Auctions Inc. and its sister companies specialize in the acquisition, award-winning restoration and sales of the world’s rarest and most expensive vintage automobiles and memorabilia. RM Auctions, Inc. administers its annual sale events and estate auctions from its head offices in Blenheim, Ontario, Canada with additional operations in the United Kingdom, California, Florida and Michigan.

About Sotheby's Holdings, Inc. Sotheby's Holdings, Inc. is the parent company of Sotheby's worldwide auction, private sales and art-related financing activities. The Company operates in 34 countries, with principal salerooms located in New York and London. The Company also regularly conducts auctions in 14 other salerooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore. Sotheby's Holdings, Inc. is listed on the New York Stock Exchange under the symbol BID.

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Media Contacts:

RM Auctions Inc. Terrance D. Lobzun 519-352-4575 tlobzun@rmauctions.com www.rmauctions.com

Sotheby’s Simon Warren +44 (0) 20 7293 6000 simon.warren@sothebys.com www.sothebys.com

Alexander Weaver

aweaver@rmsothebys.com

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

asabatie-garat@rmsothebys.com

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

bruprecht@rmsothebys.com

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

dswig@rmsothebys.com

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

drose@rmsothebys.com

+1 617 513 0388
United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

dgould@rmsothebys.com

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

gduff@rmsothebys.com

+1 519 352 4575
Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

jauerbach@rmsothebys.com

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

kforry@rmsothebys.com

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

mmalamut@rmsothebys.com

+1 805 231 6410
California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

msquire@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

mfairbairn@rmsothebys.com

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

ocamelin@rmsothebys.com

+44 (0) 75 0110 7447
United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

pdarvill@rmsothebys.com

+44 (0) 20 7851 7070
United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

pfisher@rmsothebys.com

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

smyers@rmsothebys.com

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

tvandervelden@rmsothebys.com

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more