IN THE TRADE

RM’S PALACE REVOLT

A new company focusing on the collector’s car market has been set up by defectors from RM Sotheby’s, led by former president Kenneth Ahn. Broad Arrow Group is the holding company, off which various subsidiaries will be launched. The first of those, just announced, is Collectors Garage. Based in Michigan, with offices in New York, Florida and California, it will handle high-end private car sales like the pictured Lamborghini Miura P400, a car that has been restored by the Lamborghini factory and is being offered for $1.75m. See collectorsgarage.com

RÉTROMOBILE EXODUS?

The return of Rétromobile in February 2022 has received a blow after one of its major UK exhibitors, Girardo & Co, withdrew from the show, with several other high-profile dealers set to announce the same. Max Girardo told us, ‘The highly volatile nature of the pandemic shows no clear sign of abating and international travel remains complex and unpredictable. As a direct result of this we have followed the suit of a number of other high-profile exhibitors by regrettably withdrawing.’

SILVERSTONE GOES DIGITAL

Silverstone Auctions has joined the fast-growing trend for timed online auction sales. Under the Silverstone Digital Auctions brand it went live on 1 December. A spokesperson told us, ‘Each car consigned will be on sale for seven days, with full marketing support through the company’s extensive database and social media channels. Selling your car through Silverstone Digital Auctions is free. Buyers pay a low 5% buying fee. We will focus on consignments of sports, classic, modern and luxury vehicles.’ See silverstonedigitalauctions.com