RM Auctions announced today it is divesting its interest in the Toronto classic car auction held biannually at the International Centre in Mississauga, Ontario effective immediately. The event’s founder and former RM consignment specialist, Dan Spendick, assumes sole interest in this Canadian venue.

RM is a global leader in the presentation of catalog-quality vintage motor car auction events and single-owner collections. This strategic development is consistent with the Company’s efforts to build upon these strengths by more clearly defining its brand identity and continuing to expand its presence in the European market.

As a result of this transaction, Dan Spendick will form a new and separate corporate entity called Collector Car Productions.

Collector Car Productions kicks off its auction schedule with the presentation of the Al Webster Collection October 16-17 in Bradford West Gwillimbury, Ontario, followed closely by the fall Classic Car Auction of Toronto, October 23-25 at the International Centre in Mississauga.