RM Sotheby’s, one of the global auction houses renowned in the collector car auctions world, announced recently that it will hold its first-ever auction in Dubai, having officially launched its presence in the region earlier this year in conjunction with Sotheby’s.
The Dubai auction marks the beginning of a regular cadence of sales in the region over the coming years, as the company seeks to actively contribute to the region’s burgeoning automotive scene, bringing its expertise and unique brand of selling the world’s finest cars to the Middle East and Africa region.
The Dubai auction will take place on 9 March at the quite unusual Concrete venue at Alserkal Avenue in the Al Quoz district. The multi-disciplinary space is the first building in the UAE to be completed by the Office for Metropolitan Architecture (OMA), founded by Rem Koolhaas, and was shortlisted for the 2019 Aga Khan Award for Architecture.
The boutique auction will feature a variety of blue-chip collector cars, ranging from the classics of yesteryear to modern hypercars. In 2022, RM Sotheby’s achieved sales of more than $925,000,000, and year-on-year achieves record prices for its clients as it continues to offer the world’s most significant cars to market. Later this year in New York, it will offer the 1962 Ferrari 330 LM / 250 GTO, chassis no. 3765, unquestionably the most important car to be offered for public sale this year and one of the most significant cars ever offered at auction.
Ghita Mejdi, RM Sotheby’s Vice President, MEA, commented on this occasion: ‘Dubai has created a truly unique blueprint for fostering strategic partnerships, and we are incredibly proud to introduce our first live auction in Dubai, especially after carefully listening to the pulse of the city and what it wants to see.’
Peter Wallman, RM Sotheby’s Chairman, UK & EMEA, says: ‘We are delighted to announce the launch of our inaugural Dubai sale. We have been working tirelessly over the past twelve months to build our presence in the MEA region, and this is the next important step in RM Sotheby’s establishing a foothold in a country known to have one of the most vibrant car cultures to be found anywhere in the world. We have a unique brand and an exciting way of bringing live auctions to enthusiasts and collectors, so we’re looking forward to our event in March.’
More news relating to the Dubai sale will be released in the coming weeks which we’ll keep an eye on. The region is well known for its keen interest in high-end vehicles and auctions go on around the world that is now not out of reach for anyone for the right price. I will watch with interest to see how this new venture fairs.