In connection with the auction, RM will have absolute discretion with regard to the motor car and any other lot or any RM auction as to (a) consulting any expert either before or after the sale, (b) researching the provenance, (c) grouping and providing catalogue and other descriptions as may be appropriate, (d) marketing and promotion of the sale, and (e) any other services required to conduct the sale.4. Purchase Price. 2. BLENHEIM, Ontario (30 March 2020) - RM Sothebys successfully completed the first catalogue sale to be offered via the auction house's time-based Online Only digital platform this past week with the presentation of Online Only: The Palm Beach Auction. Bidding. The Consignment Agreement package; for the avoidance of doubt, this is the fillable package containing the Consignor’s personal information and information regarding the Motor Car or Any Other Lot;1.2.3. For further details on requirements to bid, please contact a client services representative at [email protected]6.1.1. Purchase Price and applicable taxes;13.3.2. While auctions, races, and shows are being canceled or postponed worldwide, RM Sotheby's acted fast with a decision to move its annual Palm Beach, Florida sale to an online auction … Please bear in mind that RM is unable to obtain financial references over weekends or public holidays.7. If the Motor Car or Any Other Lot does not sell at auction, the Consignor grants RM the authority for up to 90 business days after the auction to (a) list the Motor Car or Any Other Lot for sale on RM’s Private Sales website, (b) advertise, in other media at RM’s discretion, the Motor Car or Any Other Lot for sale, and (c) if there was a reserve price agreed to between the parties, unilaterally sell the Motor Car or Any Other Lot for an amount equal to or greater than the reserve price.7. RM agrees to act as an agent for the Bidders and provide Online Only Auction services including but not limited to clerks, support staff, event advertising, and promotion. RM Sotheby’s saw an unprecedented level of interest in its online platform, with nearly 900 registered bidders—23 percent more than the average number of registered bidders at live RM Sotheby’s South Florida auctions over the last four years. If already settled, the Consignor must pay RM directly.26. Where available, additional information on each lot, such as history files, production certificates, restoration documentation, service invoices, owner’s manuals, and accompanying parts, was also available for viewing online on each individual lot page. RM will use reasonable efforts to avoid cancellation/rescission; however, RM has the sole discretion to cancel/rescind the Online Only Auction and will not be liable to the Bidder for any losses or damages resulting from the cancellation/rescission if RM believes the following events have occurred or have a reasonable probability of occurring:15.1. All bids on a Motor Car or Any Other Lot will be via RM’s Online Only Auction.3.2. The most expensive cars in 2020 at Palm Beach can go up to millions of dollars. The Consignor agrees to provide RM with a good, clear, and transferable Title to the Motor Car or Any Other Lot in advance of the auction.7.3.1. If the Consignor does not pay in accordance with this clause, his/her/their Motor Car or Any Other Lot may be sold without reserve.24. 6.6. This site is protected by reCAPTCHA and the Google If any Motor Cars, including motorcycles, boats, and trailers, are not removed by the Removal Deadline (or are not granted authority to be removed due to clause 13.1), RM will remove the motor cars, including motorcycles, boats, and trailers, and the Consignor is required to pay RM removal fee of up to US$600 and a daily storage fee of up to US$30.13.5. Contingent upon clause 13.2 being satisfied, the Motor Car’s Title (as long as the Consignor does not owe RM any money) will be returned to the Consignor within 60 business days.13.4. In doing so, however, the Buyer acknowledges by these terms that he/she/it will cover related shipping expenses, taxes and duty that were incurred and would further be incurred as a result of rescinding the purchase.ADDENDUM TO BIDDERS’ CONDITIONS OF BUSINESS 1. RM Sotheby’s Online Only: Palm Beach, March 20-28, 2020 April 11, 2020 Auction Report One Comment On Friday preceding the Amelia concours, RM Sotheby’s hosted a small gathering of its executives with a few longtime journalists and auction-watchers. Statements in catalogues, online content, pre-mailers, advertisements, brochures, signs, and window cards, as well as verbal statements made by auctioneers or auction staff, are based on statements and historical files, if any, collected from the Consignor and other third-party sources, and RM has no obligation to verify or authenticate any such statements. Media. Where available, additional information on each lot, such as history files, production certificates, restoration documentation, service invoices, owner's manuals, and accompanying parts, was also available for viewing online on each individual lot page. The Buyer is responsible to pay all city, state, federal, provincial, territorial, and any and all other taxes due for which the Buyer does not qualify as exempt, subject to RM verification; proof of exemption is the Buyer’s responsibility. RM opines that physical damage to the motor car or any other lot, which cannot be sufficiently repaired prior to the Online Only Auction, occurred after this agreement was signed; 16.3. As an accommodation to the Consignor, RM agrees to act as an intermediary between the Consignor and the Buyer by accepting the purchase price from the Buyer, transferring the Motor Car or Any Other Lot to the Buyer, and delivering the amounts due to the Consignor under these Conditions.

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