Planning a large automotive occasion the identical weekend as an already-established present could look like a wierd transfer, nevertheless it was a choice born out of rivalry. As a little bit of background to the state of affairs, RM Sotheby’s used to arrange the auctions at Amelia Island till the brand new proprietor of the occasion, basic automotive insurance coverage firm Hagerty, shaped its personal public sale home referred to as Broad Arrow and ousted Meyers and his group from the occasion.
“The fellows from Hagerty went behind my again and labored with my ex-president,” Myers alleges. “They purchased the Amelia Public sale Firm from my good friend, Invoice Warner, who ran it for 26 years. They paid some huge cash for it ($6.5 million, based on Meyers), so I knew I might get the boot from being the featured public sale firm. I believed, ‘Properly, we’re form of becoming bored with Amelia Island anyway.'” That is when Myers started work on his personal, competing occasion.
“You need to go into the public sale enterprise? No downside. We’ll go into the present enterprise and compete,” Meyers proclaimed.
