Online auctions make sense when you're looking for a digital camera or a replacement part for your car, but for buying an entire car? It's been working for years on eBay Motors, and now Canadian auction house RM Auctions is joining the fold.

Even those who don't closely follow classic car transactions may recognize RM as the auction house that set new records with the $10.8m ex-James Coburn 1961 Ferrari 250 GT California Spyder and then set 'em again with the $12.2m 1957 Ferrari 250 Testa Rossa at the annual Ferrari auction in Maranello. Ferrari has since launched an online benefit auction for research scholarships, and on August 9, RM will follow suit with its own premier online auction.

Registration starts July 10 and several enticing – albeit hardly record-worthy – vintage rides will be on offer, including a 1953 Cadillac convertible (pictured above) and a 1963 Corvette split-window coupe. Details in the press release after the jump.

[Source: RM Auctions]  [ Source: autoblog.com Read The Full Article ]