RM Sotheby’s Appoints New Team to Head Auction Company Operations
In its recent press release celebrating the strong global sales for 2021, RM Sotheby’s also unveiled its new management team to replace those who left the vintage car auction company in 2021.
Total RM Sotheby’s sales in the calendar year exceeded $ 550 million, said the company, which includes $ 406.5 million in results from its 13 live and 12 online auctions, and 150 million dollars in private sales, which the company described as a significant increase.
Regarding its new leadership team, the auction company said: âRM Sotheby’s is delighted to work with innovative new talent to bring in creative and dynamic ideas that will help us stay current and innovative in the automotive market. constantly evolving. “
Leading the team is vintage car veteran Gord Duff as global auction manager; Bryon Madsen, bringing his extensive expertise in specialist finance, tax, forecasting and corporate structure to the role of Chief Strategy Officer; and Stephanie Jackson, appointed head of business operations after 18 years at RM Sotheby’s, and who will work alongside Duff to manage business operations.
In Europe, Jack Little has assumed the role of Director of Private Sales and Market Development, Mark Donaldson has become Director of Private Sales for Europe and the Middle East, and Michael Squire returns to RM Sotheby’s for his new role as research director / car. Specialist.
Duccio Lopresto, a well-known competition judge, joins the team as Director of Business Development, Europe, and Peter Haynes, who was part of the team that launched RM auctions in Europe in 2007, becomes Director of Relations publicity and marketing, Europe.
The changes of direction take place after a significant number of key staff have resigned from the auction house in recent months, including Kenneth Ahn, who stepped down as chairman of RM Sotheby’s after five years; Alain Squindo, who was deputy managing director; Ian Kelleher, who was director of marketing; Donnie Gould, automotive specialist; Barney Ruprecht, automotive specialist; Alexander Weaver, automotive specialist; Maddie Baker, Director of Client Services; and Mike Mortorano, Executive Director and General Counsel.
These former executives of RM Sotheby’s recently announced the formation of their own auction company, named Broad Arrow Group, with Ahn leading the organization as managing director. Based in Ann Arbor, Mich., Broad Arrow has yet to announce its first classic car auction, but says it will feature auctions as well as private sales and offer financial services.
RM Sotheby’s opened 2021 with a strong performance in Arizona, which brought the company back to auction live after pandemic bypassing. The Phoenix auction brought in sales of $ 35 million and a sale of 90%.
The highlight of the year was the company’s flagship auction in Monterey, Calif., which also recorded a 90% sales rate and a record total revenue of $ 148,528,300. It was also the setting for the world’s highest vintage car auction in 2021, that of a 1962 Aston Martin DB4GT Zagato, which reached $ 9.52 million including auction fees.
RM Sotheby’s next classic car auction is scheduled for January 27 at the Arizona Biltmore Resort in Phoenix during Arizona auction week. For more information, visit the auction site.