Sotheby’s has bought 25% of the shares of RM Auctions. In a joint statement, both auction houses announced this cooperation, which will officially lead RM Auctions to be renamed to RM Sotheby’s.
This is not the first time we see these auction houses cooperate, as in the past they have joined forces in a series of events on both sides of the Atlantic, especially in a car auction held in New York on November 21, 2013, which had a turnover of $ 63 million in just two hours.
