RM Sotheby’s, the classic car auction company headquartered in Ontario, announced its launch in the MENA region with an exclusive launch party celebrating the inauguration that took place in Dubai International Financial Centre (DIFC).
The launch party took place at the Sotheby’s Dubai Gallery in DIFC and featured a 1961 Ferrari 250 GT SWB Berlinetta by Scaglietti that was flown in specifically for the occasion. The car was then returned to Europe for sale at the upcoming RM Sotheby’s auction at Villa Erba in Italy on May 20.
In attendance at the launch party were automotive enthusiasts, art and watch collectors, event organisers and industry professionals from across the region.
“RM Sotheby’s is delighted to be officially launching our operations in the Middle East,” said Ghita Mejdi, Senior Consultant, RM Sotheby’s. “The region has tremendous potential and a vibrant automotive scene unlike anywhere in the world. With over 40 years of experience in the global car collector market, we are excited to bring our expertise and passion to the Middle East and look forward to working with our partners to contribute to the automotive culture and bring our clients to experience a whole new level of belonging to our community’,” she added.
Peter Wallman, RM Sotheby’s Chairman, EMEA said, “We are delighted to have launched our business into the Middle East and Africa, as we fully recognize the passion that the region has for beautiful motor cars and what an outstanding opportunity it is for our business to serve those enthusiasts and collectors. Our recent visits to the region have clearly demonstrated to us the burgeoning classic car culture, infrastructure and event scene which includes the Gulf Historic Grand Prix and the Mille Miglia Experience, and it is these types of events that provide the foundation for the collectors car market globally”.
The company has been behind the sales of some of the most significant cars in the world including a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé that sold for a staggering EUR135 million in 2022.
Daniel Asmar, Managing Director for the Middle East and North Africa at Sotheby’s added, “We are delighted to welcome our colleagues at RM Sotheby’s to the region and to work alongside the established team of specialists that we have based here in Dubai. Collector grade motor cars are now an integral part of our Luxury Division, and with the passion and enthusiasm that this market has for all things motoring related, we believe that Sotheby’s now caters for all areas of the collecting community with unsurpassed expertise.”
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