**Please note that if this Option is chosen, the Bidder will be required to provide the RM Car Specialist with their bidding instructions either via email or text message. (Clauses 7 to 7.2 together are “Purchase Price”)8. Withdrawn Lot(s):22.1. The Consignor acknowledges that, should RMS, at RMS’ sole discretion, determine that the Lot(s) is not safe to operate or move, RMS may rescind the consignment of the Lot(s) from the Online Only Auction.13.2. We specialize in rare antique, classic, and sports & racing cars. Except as otherwise expressly provided herein, these Conditions of Business shall not be modified, except in writing. (Clauses 1.2. to 1.2.3. together are “Contractual Obligations”)1.3. Our Team. RMS shall have the right to exercise a charge or lien on the non-sold Lot(s) or any other property belonging to the Consignor in the possession of RMS if the Consignor owes RMS money, and to apply any money due or to become due to the Consignor to the outstanding money the Consignor owes to RM.16. In the event of a final Hammer Price of US$250,000.00 and below on all motor car lots, RMS will receive a Buyers’ Premium of 12%.8.2.2. If the Consignor is a Business (defined below) AND the Buyer is a consumer AND the consumer has a right of withdrawal against the Consignor on the basis of EU consumer protection laws, the Buyer has the automatic statutory right for 14 calendar days after the Close of Lot (drop of hammer) to rescind the sale of the Lot(s). Vehicle Registration Number (If Applicable):36.1. 9.2. European and British Art - Online Auction. 11. Credit Card Hold. In cases where pre-existing Titles do not exist and insurance bonds are necessary, the Consignor will be charged Title Fees on a case-by-case basis.8.4. RM opines that the Lot(s) has been intentionally and materially misrepresented by the Consignor;16.2. RMS may unilaterally retain funds from the Buyer if the Consignor has breached the terms outlined in these Conditions.40. Following the $85 million achieved for a monumental Francis Bacon triptych that led Sotheby’s marquee contemporary auction on June 29, the house has unveiled another masterwork by the British artist coming up for sale in London … Price: US $7.95. Odometer Statement: The Consignor will provide a duly executed odometer statement on or before the first day of the Online Only Auction, and further accepts sole responsibility for the accuracy or inaccuracy of such statement.20. Choice of Law: These Conditions shall be interpreted in accordance with the laws of England.26. RM Sotheby’s was proud to host the remarkable sale of a supremely original Lamborghini Miura at its annual London sale last night, with the never-restored supercar exceeding its pre-auction estimate to achieve a remarkable £1.24 million. Launching its first-ever Contemporary Curated project in Milan, auction house Sotheby’s has now tapped jeweler and fourth-generation Fendi heiress Delfina Delettrez as guest curator. The Weekly Edit: Fine Jewels | London. Learn more! The Conditions of Business displayed on RM’s website; and 1.2.3. All bids on a Lot(s) will be via RM’s online only auction platform.17.2. {{item.PreSaleEstimate}} Privacy Policy and Cancellation/Rescission of Online Only Auction: RMS will use reasonable efforts to avoid cancellation/rescission; however, RMS has the sole discretion to cancel/rescind the Online Only Auction and will not be liable to the Consignor for any losses or damages resulting from the cancellation/rescission if RMS believes the following events have occurred or have a reasonable probability of occurring:16.1. {{item.OfferedWithoutReserve}} The full Privacy Policy can be found at the bottom of the RMS website homepage under the Privacy and Terms tab. If the Lot(s) is not removed for one calendar year from the RM Removal Deadline and other arrangements have not been made, RM has the right to (i) auction the Lot(s), (ii) retain its standard Buyers’ Premium, Storage Fee, and other applicable expenses, and (iii) return the remaining payment to the Buyer.20. Price Upon Request. The Consignor acknowledges that RMS will not be liable for any errors or omissions in descriptions of a Lot(s), and these descriptions make no guarantees, representations, or warranties whatsoever to the Consignor with respect to a Lot(s), its attribution, legal title, condition, value, or other characteristics.19. Notwithstanding any references to any transactions or arrangements in these Conditions, or any contemporaneous written, oral, or implied understandings of the Parties relating to the subject matter of these Conditions, RMS has not provided legal or tax advice or tax planning services to the Consignor or for the Consignor’s benefit in connection with the transactions contemplated by these Conditions, and no one at RMS has acted as the Consignor’s attorney or tax advisor.32. By participating in the auction, the Bidder represents and warrants that any bid placed by them, or on their behalf, is not the product of any collusive or other anti-competitive agreement and is otherwise consistent with applicable competition law. Notwithstanding any references to any transactions or arrangements in this agreement, or any contemporaneous written, oral, or implied understandings of the parties relating to the subject matter of this agreement, RM has not provided legal or tax advice or tax planning services to the Bidder or for the Bidder’s benefit in connection with the transactions contemplated by this agreement, and no one at RM has acted as the Bidder’s attorney or tax advisor. Privacy Policy and Exclusivity: The Consignor grants to RMS the exclusive right and authority to advertise and sell the Lot(s) for a period beginning with the date of these Conditions and ending 90 business days following the Online Only Auction.7.1. Our retail businesses, located in New York and Hong Kong, carry a fine selection of wines, made by only the top producers, in the best vintages, across all price points. The item you've selected was not added to your cart. To the fullest extent permitted by applicable law, Consignor/RM disclaims any and all representations and warranties with regard to the Inspection Report and the Buyer will hold Consignor/RM harmless from any claims, demands, losses, expenses, damages, costs, actions, and liabilities, including without limitation to court costs and attorney fees, of whatever kind or nature that may or may not occur, whether known or unknown, on the account of or arising out of all matters related to the Inspection Report.3. No Legal or Tax Advice. 23. Find the auction house that interests you. Occasionally, RM may own a Lot(s) (and, in such circumstances, acts in a principal capacity as the seller) and/or may have a legal, beneficial, or financial interest in a Lot(s) as a secured creditor or otherwise.2. Government/court actions, orders, injunctions, regulations, laws, or non-compliance with applicable rules, regulations, or laws to sell the Lot(s) at the Online Only Auction that necessitate a cancellation; or17.8. 5.3.2. As part of the Online Only Auction sale process for each Lot(s) consigned, an RMS representative will perform an inspection and produce an Inspection Report to be made available to prospective bidders along with the relevant description of the Lot(s) as the case may be (“Inspection Report”). The reserve does not include commissions to RM. RM is served with a lawsuit from a third party in relation to the Lot(s);16.4. A US$75.00 administration fee (US$85.00 in the State of California) will be assessed per motor car purchased, but this fee will not apply to nostalgia lots. Please note that the Buyer is required to insure their Lot(s) while the Lot(s) is being stored on their behalf.19.4. Bidders who exercises this right is responsible for any and all expenses associated with the Lot(s) including, but not limited to, transportation, duty, storage, insurance, and taxes.28.4. Please note that the Conditions of Business are subject to change from time to time and it will be posted on RM’s website and catalogue, as the case may be. 10. BIDDERS’ CONDITIONS OF BUSINESS 1. The value of the last accepted bid upon the Close of Lot is the Hammer Price (“Hammer Price”).12.3. Auction Details 8 lots. RMS will retain a Sellers’ Commission of 10% plus VAT on all motor car lots.4.1.2. The auction on Tuesday, July 28, 2020, of 70 artworks, from the 17th century to the present day, will be live-streamed from Sotheby's London. Locations. The history of Sotheby's in London is marked by numerous watershed moments in auction history such as the 1958 sale of the Goldschmidt Collection—an Evening sale of Impressionist & Modern Art that established the gold standard for Impressionist & Modern Art and Contemporary Art. Please ensure that you read and understand these Bidders’ Conditions of Business (“Conditions of Business”) prior to bidding on a motor car or any other lot (“Lot(s)”) at this or any other RM Auctions, Inc. (“RMA”) or RM Sotheby’s (“RMS”) auction (RMA and RMS together are “RM”). Nothing in this clause shall affect any Buyer(s) legal rights that shall apply against the Consignor as a result of any applicable laws.38.1. Bidder Due Diligence Responsibilities. Once made, no Bidder may retract a bid made during the auction for any reason.6.7. In order to facilitate and transfer the Title for the Lot(s), the Consignor agrees to sign the Power of Attorney attached to the Consignment Agreement package.8.5. Contingent upon clause 15.2 being satisfied, the Lot’s Title (as long as the Consignor does not owe RMS any money) will be returned to the Consignor within 60 business days.15.4. Buy/Sell. RMS agrees to receive the Lot(s) in trust and agrees not to permit its use for any other purposes, other than those contained in these Conditions, without the express written consent of the Consignor.3. The Consignor authorizes RMS to perform minor work on the Lot(s) to facilitate the Lot(s) starting and driving or being presentable for sale. On Thursday, Sotheby’s staged its end of season old masters evening sale at its London headquarters which brought in £10.6 million ($14.2 million), across 23 lots. If the Removal Deadline is not met, the Consignor will be required to pay RMS a daily storage fee of either (i) €25.00 plus VAT per Lot(s) in Europe or (ii) £20.00 plus VAT per Lot(s) in the United Kingdom until full payment and instructions for transport have been received. Helpful Links. If the Lot(s) does not sell at the Online Only Auction, the Consignor grants RMS the authority for up to 90 business days after the Online Only Auction to (a) list the Lot(s) for sale on RMS’ Private Sales website, (b) advertise, in other media at RMS’ discretion, the Lot(s) for sale, and (c) if there was a reserve price agreed to between the parties, unilaterally sell the Lot(s) for an amount equal to or greater than the reserve price.8. FIRST-EVER ONLINE ONLY LONDON AUCTION CONCLUDES. Non-Payment. Notwithstanding the above, if during RMS’ inspection, RMS (using reasonable commercial judgment) determines that the Lot(s) is unfit for sale due to several issues including, but not limited to, safety, mechanical, body condition, and authenticity, RMS reserves the right to rescind the consignment of the Lot(s) and the Consignor agrees to indemnify and hold RMS harmless from any alleged liabilities arising out of the rescission. Online Only Auction is “As Available” and “As Is.”: 23.1. Please note that in order to register to bid at an RM sale, RM requires a hold of £2,000.00 to be placed on the Bidder’s credit card from the date of registration until the close of the auction (“CC Hold”). 8.1. The Consignor warrants that the Consignor is the sole owner of the Lot(s), and that the Consignor has full right and authority to sell the Lot(s) (“Ownership”).8.3. 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