RE: Auction Report: BCA 'Super Saturday'
RE: Auction Report: BCA 'Super Saturday'
Friday 15th April 2011

Auction Report: BCA 'Super Saturday'

With 335 cars sold in under 5 hours - if you snooze, you lose!



With two Aston Martin DB9 Volantes and a Bentley GTC due to go under the hammer with a flotilla of other luxury and performance cars, last weekend's BCA 'Super Saturday' in Manchester looked like a sale we didn't want to miss.


The words 'car auction' didn't prepare us for what was in store. It was a world away from the 'no documents or keys/police seizure/category-c write-off' kind of occasion. Up on the rostrum were three auctioneers who would each sell a batch of cars before handing over to one of their colleagues. Next to them was the lease company disposal manager, sipping coffee and keeping a very close eye on his laptop screen, weighing-up the level of bidding versus what he hoped to realise for each car. As bids came in, the level of intensity in the disposal manager's eyes increased to the point where he signalled to the auctioneer that the car could be sold.

Time is money, and with 335 cars to get through in less than five hours, they were working very, very quickly. It was obviously BCA's top team, and each one was conducting sales at a rate that would make a horse racing commentator sound like he'd swallowed a handful of horse tranquilisers with half a pint of Scotch. They were aiming to get 80 cars on the block per hour, but ended up averaging 90. In the first hour they managed 100. One Audi A4 in particular was in-and-out of the hall with a new owner in less than 15 seconds... scary stuff for the uninitiated.


The buyers weren't your average crowd either. Several cars were sold over the internet to Malta, Turkey, and Cyprus for example, as well as all over the British Isles. A total of 124 cars were sold to 'net buyers, and this figure would have been higher but for the inevitable eBay-style last-minute bidding tactics several of them tried to get away with - just as the hammer was falling, much to the auctioneer's annoyance.

So, what did we learn, and is an auction like this a good place for you to look for your next car? Well, first of all we noticed that several Vauxhalls with the folding-steel 'twin roofs' were being sold with 'roof faults' - make of that what you will. Also, for some reason several late-model 3-series BMWs were offered with their bumper-mounted headlamp washers missing. Is this a 3-series weakness, or are they just an easy-to-pinch part?


Although the vast majority were showing a service history, some cars were due another stamp in the book, and some required a degree of remedial work to get them in top order - wheel refurbs, trolley dings, and that sort of thing. Even the Bentley GTC was showing some minor damage to its lower grille which wouldn't have been cheap to repair properly. A service and some minor paintwork wouldn't bother trade buyers, but would be something to consider if you were looking to buy for yourself.

So was it possible for the Joe Public to grab a performance bargain in a frenzied bear pit like this? Well, maybe, if you've got your wits about you. A grey 04 Impreza WRX was sold for £6,600 which seemed to be in stunning condition - not a ding or a scrape in sight. Add to that buying fees of £393 and it's still a keen price. But can you live with the fact that the car is 'sold as seen'? It may be expected if you're buying a shed, but it's potentially a lot more worrying with a WRX, an Aston or a Bentley...


When the auction finished BCA reported that bidding had been strong, with 98% of CAP prices being achieved across the board, and 335 cars being sold for a total of £3.9m... and all in just four and a half hours.

We kept our hands in our pockets, (as usual... Ed), but below are some examples of the cars on offer and their hammer prices. Buyer's fees depended upon the value of the car. To give you a guideline, the fees on a car which sold for £9999 were £521 (Inc. VAT), and a £19999 hammer price carried an all-in fee of £762, and so on...





 



Make Model/Colour Year Miles History Hammer Price Sold
             
Saab 9-3 1.8t Linear Conv./Black 07 33k Yes   £7.1k Yes
BMW 630i Sport Conv./Silver 07 28k Yes      £21k Yes
BMW 320i 2.0SE Conv./Blue 07 62k Yes     £13.6k Yes
Audi TT 3.2 Quattro Conv./Black 04 92k Yes      £16.2k No
Mercedes Benz SLK 200 1.8 Conv./Silver 07 16k Yes      £15.1k Yes
Volkswagen Golf R32 5-door/Black 08 19k Yes     £14.9k Yes
BMW 325i SE Conv./Silver 07 42k Yes     £14.9k Yes
Audi A5 TDi Quattro Cpe/Silver 08 26k Yes  £22k Yes
Honda Civic Type-R/Red 09 20k  No £9.9k No
BMW Z4 2.5 Conv./Silver 03 83k Yes     £5.6k Yes
BMW 535d M Sport Est./Silver 07 104k Yes     £16.5k Yes
Mercedes Benz CL500 Coupe/Silver 09 30k  No £36k Yes
Jaguar XK 4.2 V8 Coupe/Blue 08 19k Yes      £32.4k Yes
Maserati Quattroporte 4.2 V8/Grey 04 44k No £17.7k Yes
BMW M3 3.2 SMG Coupe/Black 03 134k Yes      £7.3k Yes
Aston Martin DB9 Volante/Silver 06 37k Yes      £42.5k Yes
BMW 650i Conv./Black 07 45k Yes      £19.4k Yes
Subaru Impreza WRX STI /Grey 04 90k Yes      £6.6k Yes
Ford Focus ST 2.5 3-door/Orange 06 102k Yes     £6.3k Yes
BMW M6 SMG Coupe/Blue 05 37k No £21.6k No
Audi R8 FSi Quattro/Blue 09 11k Yes      £76.5k Yes
Lotus Elise 134s 1.8 Coupe/Black 09 10k Yes      £17k Yes
Jaguar XKR Coupe/Blue 08 40k Yes     £27.8k Yes
Aston Martin DB9 Volante/Black 06 n/a No £44.8K No
Bentley Continental GTC/Silver 07 n/a Yes   £66k Yes
Author
Discussion

zetec02

Original Poster:

382 posts

224 months

Friday 15th April 2011
quotequote all
some bargains, d99 volante 44k!

Boba Fret

438 posts

182 months

Friday 15th April 2011
quotequote all
didn't sell at 44k

igsya

1 posts

232 months

Friday 15th April 2011
quotequote all
3 series loose their washer caps in cold weather. They freeze up and washing the screen pops them off. Some BMW dealers will do this under warranty - they did mine providing there is screenwash in the fluid!

Davey S2

13,389 posts

280 months

Friday 15th April 2011
quotequote all
How did an 04 TT 3.2 Quattro 04 with 92k miles not sell at £16.2k?


TobesH

550 posts

233 months

Friday 15th April 2011
quotequote all
Maserati Quattroporte 4.2 V8/Grey 04 44k No £17.7k Yes

no history! Finance repo?

Nicholas Blair

4,111 posts

310 months

Friday 15th April 2011
quotequote all
Interesting article - bet it was an enjoyable day out.

ScoobieWRX

4,863 posts

252 months

Friday 15th April 2011
quotequote all
The moral of this story is auctions aren't always the best place to get a bargain.

A lot of those cars were going for top money. That 04 WRX for example, even though it looked immaculate, with 90K miles for £6,600 + buyers premium, almost £7K, they are having a laaaaaarrrf!!

Just this example of an 05 WRX with 30K miles from PH classifieds proves the point....

http://www.pistonheads.com/sales/2726815.htm

TooLateForAName

4,920 posts

210 months

Friday 15th April 2011
quotequote all
How come auction reports are allowed again?

I used to enjoy v8mate's regular ones, but I thought that the auction company wanted them to stop?

Tuvra

7,926 posts

251 months

Friday 15th April 2011
quotequote all
Davey S2 said:
How did an 04 TT 3.2 Quattro 04 with 92k miles not sell at £16.2k?
Exactly my thoughts hehe

Crusoe

4,118 posts

257 months

Friday 15th April 2011
quotequote all
Either freezing and pop off if you don't add enough screen wash or a minor front end ding and they replaced the bumper but didn't pay for new washer jets. Should just be the top cap that is missing if it was frozen and tried to lift up, quite a cheap fix.

Pork

9,455 posts

260 months

Friday 15th April 2011
quotequote all
TobesH said:
Maserati Quattroporte 4.2 V8/Grey 04 44k No £17.7k Yes

no history! Finance repo?
Thats for the brave but with a pretty limited number of places that would possibly service it, you could have a good stab at researching its history (before the sale, ideally).

Guvernator

14,361 posts

191 months

Friday 15th April 2011
quotequote all
Boba Fret said:
didn't sell at 44k
What does that mean? Is that the reserve price and basically people weren't prepared to pay that so it didn't sell?

If so wow, weren't these cars £150k+ brand new?

Pork

9,455 posts

260 months

Friday 15th April 2011
quotequote all
Guvernator said:
What does that mean? Is that the reserve price and basically people weren't prepared to pay that so it didn't sell?

If so wow, weren't these cars £150k+ brand new?
I'm guessing that the £44k is the highest bid and the reserve was more, so it didn't sell.

E30M3SE

8,491 posts

222 months

Friday 15th April 2011
quotequote all


That doesn't look like any sort of bargain.

DJC

23,563 posts

262 months

Friday 15th April 2011
quotequote all
The 08 XKR was a deal. Add a grand for fees and £28k.

£2k of margain in there remedial work and then you are in the good. For a dealer that is a potential £5k of profit.

theturbs

949 posts

262 months

Friday 15th April 2011
quotequote all

Very strong money for that R32 too IMO.

edo

16,699 posts

291 months

Friday 15th April 2011
quotequote all
approx £134,000 for the auction house in one morning. Not bad.

V8 Vette

95 posts

236 months

Friday 15th April 2011
quotequote all
Indemnity ( Buyers fees + VAT ) at another £500+ notes on top of the hammer price ( which seem to be approaching retail level anyhow ) on a £10k purchase is far tooooooo steep to us private buyers in my opinion. But my take on that is, that pressure is put on the auction houses by their predominant clients ( the trade ) to keep the numbers of private purchasers to a miniumn. The houses are only too glad to apply charges at that level as it stuffs there coffers.

I accept charges are needed, as usually it is a slick and well run operation and indeed a good way to get a good vehicle. But the charge levels to the privateer are questionable.

I have purchased a lot of vehicles though various auctions over time. frowneek

TORQ

200 posts

255 months

Friday 15th April 2011
quotequote all
theturbs said:
Very strong money for that R32 too IMO.
Ditto, too much.

Small Car

877 posts

225 months

Friday 15th April 2011
quotequote all
Great report and please keep them coming!

About 15 or 20 years ago you could buy an A5 mag at the newsagents which only did similar reports. I loved it!