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December 13, 2013

RM Auctions Tries to Revive Collector Car Auction Market in New York

RM Auctions has a reputable position in collector car auction industry around the globe. Their expertise encompasses restoration, collector advice not to mention exhibiting world’s finest cars in the most distinctive auctions. One such auction was organized in New York on November 21, 2013 at the Sotheby’s.

Despite being the centre of the evolution of collector car auction market back in 1960, New York now has become a lost cause for this market. Life in New York is very fast and people hardly have time to notice an expensive, flashy car which would invite their attention. Roads are filled with pedestrians and driving a fast car around is a nightmare. Moreover, people now prefer innumerable cabs on roads and public transport.

Despite of these impediments, RM auctions take a cause to promote the collector car auction market and organize this auction. The cars were displayed in Sotheby’s 10th Floor exhibition gallery, set up on raised white platforms in somewhat thematic cells. A total of 41 lots were offered: 33 automobiles, 1 child’s car, 1 ‘Park Drag’ coach by Brewster and six lots of automobiles.

RM’s Erica Reaume orchestrated the exhibition which reflected the perceptive presentation which began early in 2013 at Arizona. It was simply fabulous and even mesmerized some of the specialists at Sotheby’s.

RM grabbed New York’s attention as the visitors fully grasped the quality of cars being exhibited. RM’s press office got the the feature coverage in Monday’s ‘Wall Street Journal’s.’Greater New York’ section.

December 9, 2013

IAAI Introduces IPhone App for Estimating Vehicle Market Value

Insurance Auto Auction Inc. (IAAI) is a prominent live and online salvage auto auction company which also has a branch in Conshohocken, PA. On November 19, 2013, IAA launches a Market Value Tool mobile app for iPhone, as part of the suite of products from IAA’s industry leading CSAToday® platform. This app is being considered a breakthrough in the industry because no one has taken such an initiative before to provide the customers with the facility to estimate the value of the vehicles in a few swipes of thumb.

This tool is effective and resourceful being connected with the historic auction data, allowing its customers to research and compare vehicle value. You just have to enter the VIN manually or otherwise, and type or speak the model, year, make etc of the car. The app cross references historic auction data with the previously sold vehicles through an IAA auction. The company considers the data such as damage details, location information, drive capability etc. and presents an informed analysis of the vehicle’s value which user can print, save or share.

The CEO of IAA, Tom O’brien , is determined to invest in mobile technologies which can better cater to their customers need. IAA has made breakthroughs in mobile technologies in the past and they have done it t yet again, introducing an app which allows their clients to gather useful information and make calculated decisions.