Hani Joudi 
New Online Marketplace Provides a Trusted High-Touch Experience for Car Aficionados
Today, RM Sotheby’s and Motorsport Network announced the launch of Sotheby’s Motorsport (www.SothebysMotorsport.com), a new online automotive auction destination focused on 21st century sports, exotic, and luxury vehicles priced between $100,000 – approximately $1,000,000.
RM Sotheby’s is the world’s largest auction house by total sales, responsible for the sale of 7 of the top 10 cars sold at auction, selling through a combination of live auctions and bespoke online sales of rare, desirable and highly-collectable cars. Motorsport Network is the globally recognized voice for motorsport and automotive industries and their fans, with expansive holdings that include, inside its Driven Lifestyle division, duPont REGISTRY, Canossa Events, Cavallino and FerrariChat.
‘The high-end segment of the automotive market, which accounts for $20 billion in annual sales in the United States, deserves a superior level of service, confidence, and client satisfaction than what is currently offered by many online auction sites,’ said Chip Perry, CEO of Sotheby’s Motorsport and former founding CEO of AutoTrader.com. ‘Sotheby’s Motorsport is a true luxury experience that is designed to serve this untapped market. With this new experience, both buyers and sellers can have confidence knowing that we have vetted the vehicles, bids, and will deliver a white-glove service from start to finish.’
‘Sotheby’s Motorsport is a perfect complement to our industry-leading auctions and live events and a turnkey solution to anyone who wants to sell or purchase a high-end modern vehicle,’ said Gord Duff, RM Sotheby’s global head of auctions. ‘Today’s announcement illustrates our commitment to give both buyers and sellers diversified offerings that best meet the needs of collectors and enthusiasts who are selling or are in the market for timeless vehicles.’
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