21 September 2021 • 13:00 CEST • Cologne
21 September 2021 • 13:00 CEST • Cologne
Please note that the results listed on this page are inclusive of Sotheby's Buyer's Premium and Overhead Premium, and exclusive of any applicable taxes and costs, unless otherwise noted.
Please note that the results listed on this page are inclusive of Sotheby's Buyer's Premium and Overhead Premium, and exclusive of any applicable taxes and costs, unless otherwise noted.
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Sotheby's celebrates the very best of European craftsmanship through a sale series dedicated to celebrated makers across the luxury categories. We are pleased to announce this rare and collectable convertible BMW Z1 on view in our Life is Beautiful sale in Cologne.
Responsible for some of the most stylish sports cars on the road, the BMW badge is famous for enabling fast fun behind the wheel without the supercar price tag. The most significant models to come from the marque have each played an important part in the evolution of the brand; from its early-20th Century roots to today, as a highly respected volume manufacturer spanning markets not limited to electric cars, performance-focussed sports models, all-conquering SUVs and more. The ‘Z’ series of cars by BMW instil a legacy of their own.
The Z1—made within a relatively limited production window between 1989 and 1991, allowing for only 8,000 examples to be made—would form the basis of BMW’s ‘Z’ model range, paving the way for the later, more widely available Z3 and Z4, also the performance-focussed Z8. The ‘Z’ stands for the German word, ‘zukunft’, or future in English. The car encapsulated the future at every point, designed by the Dutchman Harm Lagaay, who later moved to Porsche to design the Boxster, Cayenne, and other models. Prominently featuring BMW’s signature ‘kidney bean’ grille, the Z1 broke convention with removable panels made of thermoplastic, its sliding doors based around its barchetta shape and high profile that allowed space to stow the convertible roof.
While it did not sell in great volume at the time, the Z1 was ahead of its years and pioneered selected design features and technologies that broke ground. To this day, the unusual yet endearing features of the BMW Z1 make it a rare and collectable ‘modern classic’.
For assistance with bidding and registration, please contact:
DE +49 (0) 221 207 170
UK +44 (0)207 293 5283
For sale enquiries, please contact:
+44 (0) 20 7851 7070
BIDDERS’ CONDITIONS OF BUSINESS
1.1. 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 an
RM Auctions Limited d.b.a. RM Sotheby’s (“RMS”) auction.
1.2. Each Bidder in the auction (“Bidder”) is responsible to understand, review and agree to these
Conditions of Business. As a Bidder you are agreeing to be bound by these Conditions of
Business for the auction. Please note that the Conditions of Business are subject to change from
time to time and will be posted on RMS’ website as the case may be. Bidders are encouraged
to contact RMS’ Client Service department at firstname.lastname@example.org with any
questions or concerns regarding these Conditions of Business.
1.3. RMS’ contractual relationship with the Bidders are governed by:
1.3.1. These Conditions of Business;
1.3.2. The Conditions of Business displayed on RMS’ website;
1.3.3. The Key to Lot Symbols and/or Legend referenced in the auction catalogue and/or
Lot(s) description on www.rmsothebys.com (“Website”) as the case may be; and
1.3.4. In each case as amended by any notice, auctioneer’s announcement, or website
(Clauses 1.3. to 1.3.4. together are “Contractual Obligations”)
1.4. RMS acts as the agent for the relevant consignor of the Lot(s) (“Consignor”), and if a
Consignor’s Lot(s) is sold at the auction, a sales contract is made directly between the
Consignor and the winning Bidder (the “Buyer”).
1.4.1. Occasionally, RMS 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, in which case RMS will
disclose such interest with appropriate Symbols and/or Legend referenced in the
auction catalogue and/or in the auction Lot(s) description on the Website.
2. Bidder Due Diligence Responsibilities. The Bidder is responsible for any and all due diligence
including but not limited to inspections and verification of the originality, character, features, condition,
correctness, authenticity, history or description, statements made in reference to, or any and all other
matters regarding any Lot(s) offered at the particular auction (“Bidder Due Diligence”).
3. All Sales Are “As Is” and “Where Is.” No warranties or representations of any type whatsoever are
made by RMS or any Consignor to the Bidder regarding any Lot(s) offered in the auction. Lot(s)
descriptions, statements in online content, pre-mailers, advertisements, brochures, signs, and window
cards, as well as verbal statements made by Consignors, auctioneers or auction staff, are based on
statements and historical files, if any, collected from the Consignor and other third-party sources, and
RMS has no obligation to verify or authenticate any such statements. All Lot(s) are sold as is, where is,
with no representations or warranties, expressed or implied. THE CONSIGNORS AND RMS
DISCLAIM ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO CONDITION,
ORIGINALITY, OR AUTHENTICITY; ORIGIN OR PROVENANCE; PREVIOUS USE OR
OWNERSHIP; MANUFACTURING OR RESTORATION PROCESSES; YEAR OR AGE; SERIAL
NUMBER, MAKE, OR MODEL; OPTIONS AND TOOLS; ENGINE HOURS; AND MILEAGE OF
ANY LOT(S) OR COMPONENT OF ANY LOT(S), AND THEY SPECIFICALLY DISCLAIM ANY
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.
4. Services. RMS may provide services including clerks, support staff, advertising, and promotion. In
connection with the auction, RMS will have absolute discretion with regard to the Lot(s) as to (a)
consulting any expert either before or after the auction, (b) researching provenance, (c) grouping and
providing descriptions as may be appropriate, (d) marketing and promotion of the Lot(s), and (e) any
other services required to conduct the auction of the Lot(s).
5. Bidding at the Auction.
5.1. The auction will begin on the date notified to you when you register for the relevant auction
and will follow a timed-auction format. Lot(s) are expected to close approximately 1 week after
the bidding opens to registered Bidders. The exact closing date will be notified to you in respect
of each auction.
5.2. To bid at the auction, a Bidder must satisfy any and all RMS bidder registration requirements
which include, but are not limited to, (i) being at least 18 years of age; (ii) providing RMS with
a copy of a valid form of government-issued identification; (iii) providing RMS with bank letter
written on bank letterhead; RMS may waive this requirement at its sole discretion; (iv)
providing RMS with a copy of a credit card; and (v) providing RMS with copies of any and all
required financial documents including, but not limited to, financial references, guarantees,
deposits, and/or such other security, at RMS’ absolute discretion, as security for any bid
(together “Bidder Registration Requirements”).
5.3. Please note that even if a Bidder has satisfied and/or met some or all of the Bidder Registration
Requirements for previous RMS auctions, all Bidders will be required to satisfy and/or meet
the Bidder Registration Requirements for the auction specifically prior to being accepted to
5.4. If the Bidder does not satisfy and/or meet the Bidder Registration Requirements, RMS, at its
sole discretion, may not allow the Bidder to register to bid at the auction.
5.5. Once you have satisfied the Bidder Registration Requirements, you will be able to place bids
against Lot(s) at the auction. To place a bid, the Bidder must follow the instructions and
processes on the auction platform.
5.6. Once made, no Bidder may retract a bid made during the auction for any reason.
5.7. If a bid placed by another bidder exceeds your bid, you will be notified via the email address
you provided during registration, and the webpage of the Lot(s) will indicate you have been
5.8. If a bid is placed within the final two minutes of the bid acceptance period for an individual
Lot(s), the auction period for that individual Lot(s) will be extended by an additional two
minutes to prevent a Bidder from trying to place a high bid in the final moments of the auction
for that individual Lot(s).
5.9. There is no “cooling-off period”, cancellation, or rescission of bids.
5.10. If at the end of the auction, you are awarded the final bid on a Lot(s), ownership automatically
changes hands at the close of the Lot(s) ("Close of Lot(s)”). At the Close of Lot(s), you are
now the legal owner of the applicable Lot(s) and are responsible for payment in full.
5.10.1. To clarify, the term “Close of Lot(s)” shall be defined as the time that the timebased auction expires.
5.11. The Bidder is responsible for all risk of loss or damage and insurance immediately upon
purchase of the Lot(s).
5.12. RMS reserves the right to reject any bid. The highest Bidder acknowledged by the auctioneer will
be the Buyer. The auctioneer has absolute and sole discretion in the case of error or dispute with
respect to bidding and, the auctioneer and RMS have absolute and sole discretion, whether during
or after the sale, to determine the successful Bidder, to re-open the bidding, to cancel the sale, or
to re-offer and re-sell the Lot(s) in dispute. If any dispute arises after the sale, RMS’ sale record
is conclusive. RMS is not responsible for any errors or omissions in connection with the calling,
displaying, accepting, or rejecting of bids.
5.13. 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.
5.14. For further details on requirements to bid, please contact a client services representative at
6. Purchase Price.
6.1. The purchase price shall consist of the following:
6.1.1. the Hammer Price (defined below) of the Lot(s), and
6.1.2. the applicable Buyers’ Premium (defined below).
(Clauses 6.1. to 6.1.2. together are “Purchase Price”)
7. Buyers’ Premium.
7.1. In addition to the Hammer Price, the Buyer is required to pay RMS a percentage of the Hammer
Price as outlined below, which RMS retains as the Buyers’ Premium for the purchase of each
Lot(s) (“Buyers’ Premium”):
7.1.1. In the event of a final Hammer Price of €200.000,00 and below on all motor car
lots, RMS will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’
7.1.2. In the event of a final Hammer Price above €200.000,00 on all motor car lots, RMS
will receive a Buyers’ Premium of 15% (plus VAT on the Buyers’ Premium) on
the first €200.000,00 and will receive a Buyers’ Premium of 12.5% (plus VAT on
the Buyers’ Premium) on the Hammer Price above €200.000,00.
7.1.3. Buyers of all non-motor car lots, including but not limited to memorabilia,
motorcycles, boats, trailers, jewelry, clothing, and automobile parts, accessories,
tools, and/or engines, are required to pay RMS a Buyers’ Premium of 20% (plus
VAT on the Buyers’ Premium) on the Hammer Price of those particular lots.
8. Taxes. The Buyer is responsible to pay all applicable taxes, duties, VATs, tariffs, and any and all other
government mandated costs associated with purchasing Lot(s) (“taxes”). Further, as mandated in
multiple applicable jurisdictions, RMS is required to remit taxes; as applicable, RMS will outline the
additional taxes on your invoice.
9. No Legal or Tax Advice.
9.1. This agreement is an important legal document. The Bidder acknowledges that the Bidder has
had the opportunity to consult an attorney before accepting this agreement and has entered into
this agreement after having the opportunity to consult with an attorney of their own choosing.
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, RMS 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 RMS has acted as the Bidder’s attorney or tax advisor. As a condition
of bidding at the auction, it is the Bidder’s responsibility to satisfy themselves and comply with
all applicable tax, duty, or any and all other payments associated with the purchase of a Lot(s)
at the auction. A further condition of bidding at the auction is that the Bidder holds RMS
harmless from any and all tax or regulatory issues that arise due to Tax and Ownership
Information (defined below) that RMS provides.
9.2. In order to assist Bidders with this process, RMS may provide information about the tax status
of each Lot(s), as well as any ownership or registration papers that will be supplied with the
respective Lot(s) (“Tax and Ownership Information”); however, this information is being
provided merely to assist Bidders in their determination of their own tax and regulatory
10. Credit Card Hold. Please note that in order to register to bid at the auction, RMS 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”). If the Bidder is not the Buyer of the Lot(s), the CC Hold will be removed from
the credit card in accordance with the Bidder’s specific credit card companies’ procedures. If the Bidder
is the Buyer of the Lot(s), the Bidder will be required to make payment to RMS in accordance with
clause 12 (Payment) of these Conditions of Business.
11. Expenses and Fees: Expenses and fees as outlined in these Conditions of Business include, but are not
limited, to transportation, duty, storage, insurance, and taxes (collectively “Expenses and Fees”). The
Buyer will be required to pay the applicable Expenses and Fees to RMS in addition to the Hammer
Price and applicable Buyers’ Premium in accordance with clause 12 (Payment).
12.1. Subject to fulfillment of the Contractual Obligations, at the Close of Lot(s), the contract
between the Consignor and the Bidder is concluded and irrevocable.
12.2. The value of the last accepted bid upon the Close of Lot(s) is the Hammer Price (“Hammer
12.3. Payment is due in full on or before 17:00 GMT + 2 of the next business day (“Payment
Deadline”), and payment is to be made to RMS.
12.4. For any purchases under €5.000,00, the Bidder acknowledges and agrees that his/her credit
card against which the CC Hold has been taken will automatically be used as the payment
method for the Hammer Price of the Lot(s), applicable Buyers’ Premium, and Expenses and
Fees. Special payment arrangements can be made for multiple Lot(s) purchases, which the
Bidder is welcome to discuss with an RMS representative upon completion of the auction.
12.5. For final purchases exceeding €5.000,00, all payments must be in the form of wire transfer
unless other arrangements have been approved in advance.
12.6. RMS is not obligated to release the Lot(s) to the winning Bidder until the Buyer has met all of
the Contractual Obligations and paid the Purchase Price plus applicable Expenses and Fees.
13.1. In the event that the Buyer does not pay any portion of the Purchase Price and applicable
Expenses and Fees by the Payment Deadline, the Bidder agrees to and acknowledges that RMS
has the sole discretion to do any one or any combination of the following:
13.1.1. Cancel/rescind the sale of a Lot(s). If the sale is cancelled/rescinded due to nonpayment, RMS will not be liable to the Bidder for any losses or damages resulting
from the cancellation/rescission.
13.1.2. Assume the rights of the Consignor to pursue the Buyer for any amounts paid to
the Consignor, whether at law, in equity, or under these Conditions of Business.
13.1.3. Deduct the Purchase Price plus applicable Expenses and Fees from the Bidder’s
cash deposit and/or charge the Purchase Price and applicable Expenses and Fees
to the credit card that the Bidder has provided. If the Bidder’s cash deposit and/or
credit card payment does not cover the Purchase Price plus applicable Expenses
and Fees, in addition to other remedies available by law, RMS reserves the right
to impose, from the Payment Deadline until the full Purchase Price plus applicable
Expenses and Fees have been made by the Buyer, a late charge of (1) the U.S.
Prime Rate then in effect, as published by The Wall Street Journal (“U.S. Prime
Rate”) + 4.00% for up to the first 60 calendar days after the Payment Deadline and
(2) the U.S. Prime Rate + 8.00% thereafter until the full Purchase Price plus
applicable Expenses and Fees has been made by the Buyer on the:
18.104.22.168. Purchase Price;
22.214.171.124. Applicable Expenses and Fees;
126.96.36.199. Any collection costs, attorneys’ fees, and court costs incurred to
enforce payment; and
188.8.131.52. Other damages reasonably related to the Bidder’s non-payment.
184.108.40.206. Please note that the U.S. Prime Rate as outlined above will be
adjusted daily to account for changes in the U.S. Prime Rate and
may increase or decrease during the term of these Conditions of
13.2. In the event of a non-payment, the Buyer will INDEMNIFY, DEFEND (WITH RMS’ SOLE
CHOICE OF COUNSEL), AND HOLD RMS AND ITS AFFILIATES HARMLESS FROM
ANY CLAIMS, DEMANDS, LOSSES, EXPENSES, DAMAGES, COSTS, ACTIONS, AND
LIABILITIES, INCLUDING WITHOUT LIMITATION TO COURT COSTS AND
ATTORNEYS’ FEES, OF WHATEVER KIND OR NATURE THAT MAY OR MAY NOT
OCCUR, WHETHER KNOWN OR UNKNOWN, ON THE ACCOUNT OF, ARISING OUT
OF, OR RELATED TO THE LOT(S), THE NON-PAYMENT, OR RMS ACTIONS TAKEN
IN ACCORDANCE WITH CLAUSE 13.1.
14.1. Lot(s) not marked as “no reserve” (or similar) are subject to a reserve set by the Consignor.
When a Lot(s) is sold subject to a reserve, the auctioneer may bid on the Consignor’s behalf in
an amount not to exceed the amount of the reserve.
14.2. If RMS contributes to the Hammer Price to meet a reserve, the reserve for the respective Lot(s)
becomes the Hammer Price plus RMS’ contribution for purposes of commissions.
15. Cancellation/Rescission of Auction. RMS will use reasonable efforts to avoid cancellation/rescission;
however, RMS has the sole discretion to cancel/rescind the auction and will not be liable to the Bidder
for any losses or damages resulting from the cancellation/rescission if RMS believes the following
events have occurred or have a reasonable chance of occurring:
15.1. Force Majeure events including but not limited to:
15.1.1. Any natural disaster that, despite reasonable efforts, restricts RMS from holding
the auction; and
15.1.2. Any terrorist event, pandemic (including resulting governmental restrictions), war,
as well as any “guideline” or “recommendation” by government (local,
state/province, federal/national) and/or accredited health organizations (including
the World Health Organization) that, despite reasonable efforts, restricts RMS
from holding the auction in its contemplated form.
15.2. Government/court actions, orders, injunctions, regulations, laws, or non-compliance with
applicable rules, regulations, or laws to hold the auction that necessitate or make prudent a
16. Cancellation/Rescission of Lot(s). RMS will use reasonable efforts to avoid cancellation/rescission;
however, RMS has the sole discretion to cancel/rescind the sale of a Lot(s) and will not be liable to the
Bidder for any losses or damages resulting from the cancellation/rescission if RMS believes the
following events have occurred or have a reasonable chance of occurring:
16.1. RMS opines that the Lot(s) has been intentionally or materially misrepresented by the
16.2. RMS opines that physical damage to the Lot(s), which cannot be sufficiently repaired prior to
the auction, occurred after these Conditions of Business were formed;
16.3. RMS is served with a lawsuit or threatened with a dispute from a third party in relation to the
16.4. RMS faces significant reputational damages that would cause monetary damages for offering
or selling the Lot(s);
16.5. Material issues regarding title, registration, or transfer of ownership that cannot be reasonably
cured or RMS believes would expose it to claims or disputes from a third party;
16.6. Material issues regarding the provenance, merchantability, or authenticity of the Lot(s) that
cannot be reasonably cured or RMS believes would expose it to claims or disputes from a third
16.7. Government/court actions, orders, injunctions, regulations, laws, or non-compliance with
applicable rules, regulations, or laws to sell the Lot(s) at the auction that necessitate a
16.8. If there are disputes, claims, accusations, notices, or similar communications made by the
Buyer in regard to their purchase of a Lot(s) not being authentic, being misrepresented, having
an encumbered title or registration, having undisclosed material issue, or having a similar
claim, RMS has the right to retain the Buyer’s funds on account and be the arbitrator as to the
merit of the Buyer’s claims, including to cancel or rescind the sale of the Lot(s) and reimburse
the payment to the Buyer if RMS in its sole discretion deems the Buyer’s claims to be valid.
17. Auction Services are “As Available” and “As Is.”
17.1. Bidders may be able to bid via websites, telephone services, applications, RMS’ online
platform, and tools (collectively “Services”).
17.2. Although RMS endeavors to keep the Services safe, secure, and functioning properly, RMS
cannot guarantee the continuous operation of or access to the Services or a Bidder’s ability to
connect and navigate the Services. Bid update and other notification functionality may not
occur in real time. Such functionality is subject to delays beyond RMS’ control.
17.3. Bidders agree that they are making use of the Services at their own risk and that the Services
are being provided to Bidders on an “AS AVAILABLE” and “AS IS” basis. Accordingly, to
the extent permitted by applicable law, RMS excludes all expressed or implied warranties,
terms, and conditions, including but not limited to implied warranties of merchantability,
fitness for a particular purpose, and non-infringement.
18. Bid Display. RMS may display a currency conversion function on the auction platform; however, these
are for informational purposes only and, the Buyer will be required to make payment to RMS in
accordance with clause 12 (Payment) of these Conditions of Business in the designated currency for
the auction that the Buyer purchases the Lot(s) at.
19. Title Transfer.
19.1. If the Buyer of a Lot(s) resides in an American state and, the purchased Lot(s) is titled in an
American state, in an effort to ensure all titles are free and clear of liens or encumbrances, RMS
manages the process of title reassignment on behalf of the Buyer. Buyers will receive titles in
the mail as soon as possible following the auction with a target of a maximum of 20 business
days following the auction; however, please note that for reasons beyond RMS’ control,
including any delays in lien releases by lien holder(s) and/or delays by the Department of Motor
Vehicles (or equivalent) in certain states, there are instances where the Buyer may not receive
the title within 20 business days and, in those circumstances, RMS will work to provide the
titles to the Buyer as soon as possible. A €75,00 administration fee will be assessed per motor
car purchased, but this fee will not apply to nostalgia lots.
19.1.1. If a Lot(s) is rendered “Title in Transit,” it is unlikely that the Buyers will receive
the title in the mail within 20 business days following the auction; however, RMS
will work to provide the titles to the Buyer as soon as possible.
19.1.2. The Buyer acknowledges that delays in transferring titles, including due to delays
at government Motor Vehicle departments happen from time to time, and the
Buyer will hold RMS harmless from any allegations of damages arising out of such
19.2. If the Buyer of a Lot(s) resides outside the United States, RMS will use its reasonable efforts
to assist with the transfer of ownership; however, it is the responsibility of the Buyer to transfer
ownership in compliance with their jurisdictional rules and regulations.
20. Removal of Purchased Lot(s).
20.1. All purchased Lot(s) must be removed by the Buyer from the location in which they resided
during the auction within 5 business days of the auction (“RMS Removal Deadline”).
20.2. If the RMS Removal Deadline is not met, the Buyer will be charged a daily storage fee of up
to €30,00 plus VAT per Lot(s) until the Lot(s) is removed.
20.3. Please note that the Buyer is required to insure their Lot(s) while the Lot(s) is being stored on
20.4. If the Lot(s) is not removed from the storage facility within one calendar year of the RMS
Removal Deadline and, other arrangements have not been made, RMS has the right to (i)
auction the Lot(s), (ii) retain its standard Buyers’ Premium and Expenses and Fees, and (iii)
return any remaining funds, if any, to the Buyer within 30 business days of the sale.
21. Legal Action. These Conditions of Business shall be interpreted in accordance with the laws of
England, without regard to choice of law principles. Any dispute, claim, or controversy arising out of
or relating to these Conditions of Business or the breach, termination, enforcement, interpretation, or
validity thereof, including the determination of the scope or applicability of these Conditions of
Business to arbitrate, shall exclusively be subject to arbitration, and shall first be subject to mediation
as a condition precedent to arbitration. If mediation is unsuccessful, the parties shall proceed to
arbitration in London, England, before one arbitrator, and all proceedings shall be conducted in English.
The mediation and arbitration shall be administered by JAMS pursuant to its Comprehensive
Arbitration Rules and Procedures or pursuant to JAMS’ Streamlined Arbitration Rules and Procedures.
Judgment on the award may be entered in any court having jurisdiction. This clause shall not preclude
the parties from seeking provisional remedies in aid of arbitration from a court of appropriate
jurisdiction. In the event that either party brings action against the other, arising from or relating to the
auction or the Lot(s), the prevailing party, as determined by the arbitrator or court, shall be entitled to
recover its reasonable attorneys’ fees and costs, including through appeals. To the fullest extent
permitted by law, the Bidder agrees that the maximum liability of RMS arising out of or related to these
Conditions of Business or any claim or dispute between the parties regarding the Lot(s) or the auction
shall be the Buyers’ Premium that would have been due under clause 7 of these Conditions of Business
had the Lot(s) (a) met their reserve; (b) if offered without reserve, then the Lot’s published low estimate;
or (c) if no published low estimate, then the Lot’s fair market value as determined by RMS.
22. Packing and Shipping. RMS is not responsible for the acts or omissions in our packing or shipping of
purchased Lot(s) or of other carriers or packers of purchased Lot(s), whether or not recommended by
RMS. Packing and handling of purchased Lot(s) are at the entire risk of the Buyer.
23. Data Use. The Bidder agrees to allow RMS to use their personal information in accordance with RMS’
your requirements and to treat you in a personal way; to fulfill your agreements regarding the
consignment and purchase of items at RMS auctions, the auction, and private sales; to provide you with
information on upcoming sales; to carry out analysis and market research; to undertake targeted online
advertising; to send status updates and service communications; to improve our websites, products, and
services; to provide payment services; and for management and administrative purposes. The full
tab. If you wish to ask any questions regarding the use of your personal information, to request a full
accounting of what personal information is on file with RMS, or to unsubscribe to any services or purge
your personal information from RMS’ systems, please email email@example.com.
24. Anti-sniping: If a bid is placed within the final two minutes of bids being accepted on an individual
Lot(s), the auction for that individual Lot(s) may be extended up to an additional two minutes to prevent
a Bidder from trying to place a high bid in the final moments of the auction for that individual Lot(s).
25. Anti-Money Laundering. The Bidder agrees to provide all information and assistance reasonably
requested by RMS to comply with RMS’ internal anti-money laundering process and to comply with
any and all anti-money laundering laws and regulations.
26. Entire Agreement. This document shall be binding upon the parties and their respective heirs, personal
representatives, and assigns. Except as otherwise expressly provided herein, these Conditions of
Business shall not be modified, except in writing. Whenever used in these Conditions of Business, as
the contract requires, the singular number shall include the plural, the plural number shall include the
singular, the masculine gender shall include the feminine and neuter, the feminine gender shall include
the masculine and neuter, and the neuter gender shall include the masculine and feminine.
27.1. If there is a discrepancy, contradiction, or question of interpretation regarding enforceability
between the English version of the Conditions of Business and a version of the Conditions of
Business produced in a language other than English, the English version of RMS’ Conditions
of Business will supersede.
27.2. If there is a discrepancy, contradiction, or question of interpretation in a description for a Lot(s),
online or otherwise, between the English version of the description and a version produced in
a language other than English, the English version will supersede.
28. Licenses. The auction will be produced by RM Auctions Limited of 40 Queen Anne Street, London,
W1G 9EL, England (Company No. 05812660).
29. Lot(s) Under Temporary Import.
29.1. A temporary import bond is used in all EU sales. If a Lot(s) is brought into the EU from a
country outside of the EU, the Lot(s) must be placed on either RMS’ bond in the United
Kingdom or one of RMS’ nominated customs agencies for Paris, Monaco, or Italy. Fees and
charges vary from sale to sale, and for some countries, this is also determined by the value of
29.2. Lot(s) subject to temporary importation restrictions cannot be discharged from RMS’ custody
without the completion of customs procedures and until full payment has been received.
Customs charges will be levied appropriately depending on each individual scenario and will
be payable directly to the relevant authorities, which RMS will provide the details of as and
29.3. Should the Buyer decide for the Lot(s) to remain in the EU when purchased, the Buyer is
responsible to pay any and all import fees for the Lot(s).
30. Consumer Protection Rights. If the Consignor is an EU-registered Business (defined below) AND
the Buyer is an EU-citizen and 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). Nothing in
this clause 30 shall affect any Buyer(s) legal rights that shall apply against the Consignor as a result of
any applicable laws.
30.1. The definition of Business for these Conditions of Business is a natural person or legal entity
in the business of selling automobiles and acting for purposes relating to such business
30.2. RMS reserves the right to make the reasonable determination as to whether a Consignor meets
the definition of Business.
30.3. Bidders who exercise this right are responsible for any and all expenses associated with the
Lot(s) including, but not limited to, transportation, duty, storage, insurance, and taxes.
30.4. If the Bidder exercises this right, they are advised to insure the Lot(s) until the Consignor retakes possession of the Lot(s).