RK MOTORS INTRODUCES INDUSTRY'S FIRST-EVER INTERNATIONAL AUCTION HUB AND SIMULCAST AUCTION IN UNITED ARAB EMIRATESCharlotte, N.C. – October 1, 2013
— RK Motors Collector Car Auctions (RKMCCA) today announced it will host a real-time, simulcast-linked four-hour auction event in the U.S. and United Arab Emirates (UAE) on November 2, as part of its October 31 to November 3 collector car auction weekend at the Charlotte Convention Center. For the first time, a global audience of collectors will have full bidding access to investment grade automobiles through the use of the latest simulcasting technologies. This debut event, a four-hour specialty auction, takes place at the 7-star Emirates Palace Hotel, adjacent to the world-class Abu Dhabi Formula One track, on the evening preceding the 2013 Abu Dhabi Grand Prix.
Starring the iconic McLaren M26 that brought James Hunt his last F1 victory, along with 40 other high-profile race and classic collector cars, bidders and buyers from both continents will participate in a sale powered by the latest technology. The Charlotte Convention Center and the Emirates Palace Hotel will be linked through high-definition, high-resolution, real-time streaming technology, setting a new standard for matching collector car sellers with a highly qualified global audience of buyers.
Held on the eve of the 2013 Formula 1 Etihad Airways Abu Dhabi Grand Prix, the auction is also expected to host F1 competitors, members of their race teams, and Formula 1 officials. RKMCCA auctioneers will lead the event from the host auction site in Charlotte, but bid assistants will be physically present in both venues
'It's our mission to provide buyers and sellers around the world with the best possible opportunity to compete for top investment grade cars,' said RKM Motors Collector Car Auctions Executive Vice President, Bill Mathews. 'By opening that marketplace to a well-qualified global audience, we're creating a unique sales channel that will positively impact values – and that's a benefit whether you're consigning or investing.'
Both Charlotte and Abu Dhabi participants will get a first-hand look at a piece of true F1 history as James Hunt's iconic1977 McLaren M26 (Lot #3032) is available exclusively during the four-hour sale. Driven to Hunt's last-ever Formula 1 win at the Japanese Grand Prix in 1977, the M26, chassis number 3, is powered by a Ford Cosworth DFV 90º V8 that pumps out an incredible 525 horsepower at 10,600RPMs. The M26 has been beautifully preserved and is race- ready, and capable of a top speed of 195mph.
'It is no secret that car enthusiasts in the Middle East are passionate collectors' says Joe Carroll, President of RK Motors Charlotte, the auction's sister company. 'Car culture in the UAE rivals that of the United States', so we are excited to give aficionados in the UAE the chance to join U.S.-based collectors in bidding for some very special automobiles.'
Taking place October 31 to November 3, the RKMCCA auction will be headquartered at the Charlotte Convention Center, and will feature hundreds of investment-grade muscle, race and rare European collector cars.
About RK Motors Collector Car Auctions
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Company press release.
RK Motors Collector Car Auctions connects buyers, sellers and passionate enthusiasts of world-class collector cars. The auction company was founded in 2013 by RK Motors, the country's leading builder and retailer of investment-grade classic, collector and high performance vehicles including cars, motorcycles and racecars.