Potential new business venture
Discussion
Hi all,
I'm contemplating a change in business and wondered if I could assess the opinions of the Pistonhead collective.
I'm interested in starting my own classic car and memorabilia auction house.
I'm specifically looking for any assistance regarding the licensing side of things along with any guidance regarding terms and conditions.
There are many sites for new start-up's on Google ranging from a whole raft of professions however I couldn't find anyone else who has ventured down a similar route to me.
Any help or guidance is greatly appreciated.
Many thanks
Stu
I'm contemplating a change in business and wondered if I could assess the opinions of the Pistonhead collective.
I'm interested in starting my own classic car and memorabilia auction house.
I'm specifically looking for any assistance regarding the licensing side of things along with any guidance regarding terms and conditions.
There are many sites for new start-up's on Google ranging from a whole raft of professions however I couldn't find anyone else who has ventured down a similar route to me.
Any help or guidance is greatly appreciated.
Many thanks
Stu
Hi,
Many thanks for the informative post.
You are indeed correct, I plan to fall somewhere between the two types of auctions, but generally toward the higher level end. I'm looking to run around one auction per Quarter, focusing on fewer but higher value cars.
As you rightly point out, breaking into the top end (Bonhams, Coys etc) will not be an easy task however I feel there is a market there, and frankly I think I could do a better job than them!
I have been in and around the classic car market for sometime now and have built up a large customer database which I hope to utilise to help with the Sales. I currently run a memorabilia shop so I'm quite knowledgeable in that are also.
The main cost areas I can see at present involve a Sales site (more than likely something rented rather then permanent), getting the actual sales documents, terms and conditions etc created and Insurance. There are quite a few potential sites near me but I need to check with the Council regarding what appropriate licenses I need to run the auctions.
Many thanks
Stu
Many thanks for the informative post.
You are indeed correct, I plan to fall somewhere between the two types of auctions, but generally toward the higher level end. I'm looking to run around one auction per Quarter, focusing on fewer but higher value cars.
As you rightly point out, breaking into the top end (Bonhams, Coys etc) will not be an easy task however I feel there is a market there, and frankly I think I could do a better job than them!
I have been in and around the classic car market for sometime now and have built up a large customer database which I hope to utilise to help with the Sales. I currently run a memorabilia shop so I'm quite knowledgeable in that are also.
The main cost areas I can see at present involve a Sales site (more than likely something rented rather then permanent), getting the actual sales documents, terms and conditions etc created and Insurance. There are quite a few potential sites near me but I need to check with the Council regarding what appropriate licenses I need to run the auctions.
Many thanks
Stu
Hi,
Many thanks for your contribution.
It is indeed true to say sourcing of the cars will be a challenge but I have built up a large customer database already through my memorabilia site. I have approached several customers and already have some beautiful cars lined up in the pipeline.
I believe the trust I have already built up with some customers will help regarding the 'worry' of auctioning through a new site and I would hope after running one or two successful auctions, this will in turn lead onto others trusting as well.
Many thanks
Stu
Many thanks for your contribution.
It is indeed true to say sourcing of the cars will be a challenge but I have built up a large customer database already through my memorabilia site. I have approached several customers and already have some beautiful cars lined up in the pipeline.
I believe the trust I have already built up with some customers will help regarding the 'worry' of auctioning through a new site and I would hope after running one or two successful auctions, this will in turn lead onto others trusting as well.
Many thanks
Stu
Potential new business venture - Now live!!!
Hi all,
Back in August last Year I posed this query to the Pistonhead team and received some very encouraging feedback. I've been working on the business model ever since and I'm pleased to say the new site is now live:-
www.channons.com
I hope I'm not breaking any rules here posting the link, I just wanted to show everyone the progress I've made since the initial idea through to the first auction taking place in 57 days.
Thanks again to everyone who commented previously.
All the best
Stu
Hi all,
Back in August last Year I posed this query to the Pistonhead team and received some very encouraging feedback. I've been working on the business model ever since and I'm pleased to say the new site is now live:-
www.channons.com
I hope I'm not breaking any rules here posting the link, I just wanted to show everyone the progress I've made since the initial idea through to the first auction taking place in 57 days.
Thanks again to everyone who commented previously.
All the best
Stu
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