Leo Sterling and Yellow Hat to jointly hold classic car auction in Dubai

Published March 25th, 2010 - 10:05 GMT

Leo Sterling, UAE’s premier select property portfolio managers, in collaboration with Yellow Hat, one of the world’s largest chains of Auto Accessory Superstores and Service Centres, has announced that it will auction off the most impressive collection of classic cars in Dubai during the "2010 Dubai Classic Car Auction" on April 9 at the Time Square Center (TSC).

 

Leo Sterling has invited owners of classic cars who are interested to auction off their classic vehicles to register online (www.leosterlingcares.com) or at the dedicated kiosk for the Dubai Classic Car Auction at TSC. Further, it was also revealed that a selection of the cars that are part of the auction will be showcased at TSC three days prior to the auction day. 

 

Anthony J O’Donnell, General Manager, Times Square Center, said: "Cars have become part of the way of life in the UAE, which is why we can also find numerous collectors of classic cars in the country. There are already several mall visitors who have been asking about the event and have expressed their interest to participate in the auction. Also, we already have a very exciting line-up of classic vehicles from the 1950s and some are even from an earlier era, which will be a treat to the growing number of enthusiasts in the UAE. Each one of these timeless classics would surely be the dream vehicle of a passionate collector out there."

 

Laura Martorano, CEO and Founder of Leo Sterling, said: "Although the UAE is home to some of the most avid collectors of classic cars, the country lacks a platform that caters to the needs and demands of this niche group. Obviously, there is no mainstream trading facility or market for such cars, so the only way to attract a good number of buyers and sellers under one roof is by holding an auction. Moreover, we have decided to organise the '2010 Dubai Classic Car Auction' to complement our existing real estate business as several of our clients are also car enthusiasts."

 

Powered by a highly experienced, multilingual team of global experts and professionals, Leo Sterling has been aggressively consolidating its market presence through a comprehensive, long-term growth strategy in the UAE's property sector. Leo Sterling has also established a new regional office in London, seeking to further strengthen its growing client base in the UK and Europe.

 

Yellow Hat is one of the world’s largest chains of Auto Accessory Superstores and Service Centres, with over 500 stores. Founded in Japan in 1961, Yellow Hat offers thousands of various automotive related products from hundreds of manufacturers around the world. The Yellow Hat brand is known internationally to be synonymous with quality and choice at affordable products.


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