Talacrest the king of Ferrari sales?

Talacrest the king of Ferrari sales?

Author
Discussion

Birkin1932

784 posts

139 months

Sunday 1st September 2013
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Nope, he was the buyer.

100 IAN

1,091 posts

162 months

Monday 2nd September 2013
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Would someone like Collins who is a dealer and repeat buyer get preferential buyers fees?

I've bought a couple of everyday cars from BCA and dealers pay far lower fees than i did as 'Joe Public'

If he got say 5% reduction on the fees he paid, and then persuaded the underbidder to 'match his bid + the fees that he [the under bidder] would have paid', he would then make the 5%.

At the numbers we're talking about that's a decent amount of money !

Just a thought....................?

Anyone know what R&M buyer fees are at this sort of purchase price?

rubystone

11,252 posts

259 months

Monday 2nd September 2013
quotequote all
100 IAN said:
Would someone like Collins who is a dealer and repeat buyer get preferential buyers fees?

I've bought a couple of everyday cars from BCA and dealers pay far lower fees than i did as 'Joe Public'

If he got say 5% reduction on the fees he paid, and then persuaded the underbidder to 'match his bid + the fees that he [the under bidder] would have paid', he would then make the 5%.

At the numbers we're talking about that's a decent amount of money !

Just a thought....................?

Anyone know what R&M buyer fees are at this sort of purchase price?
I don't know about this particular situation, but most (all?) auctioneers want to show a high percentage of sold lots. When a lot gets near to its reserve price, the auctioneer will ask the vendor to take the offer before the end of the auction or after the auction has closed, will work a deal based around each side giving a bit - the vendor, buyer and auctioneer, with the latter reducing fees on both sides. I have seen a lot of cars sold on this basis in the days after an auction has closed.

Fipster

172 posts

171 months

Monday 2nd September 2013
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rubystone said:
I don't know about this particular situation, but most (all?) auctioneers want to show a high percentage of sold lots. When a lot gets near to its reserve price, the auctioneer will ask the vendor to take the offer before the end of the auction or after the auction has closed, will work a deal based around each side giving a bit - the vendor, buyer and auctioneer, with the latter reducing fees on both sides. I have seen a lot of cars sold on this basis in the days after an auction has closed.
This seems the most logical explanation to me, Collins being the vendor in this case.

Fipster

172 posts

171 months

Monday 2nd September 2013
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Birkin1932 said:
Nope, he was the buyer.
Why would he have the car listed as stock on his website if this was the case?

Elex

458 posts

209 months

Monday 2nd September 2013
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Fipster said:
Birkin1932 said:
Nope, he was the buyer.
Why would he have the car listed as stock on his website if this was the case?
Collins was not the vendor of the car at the auction. He was the winning bidder. Collins/Talacrest then listed the car for sale on their web site. The car was then sold to the under bidder. Car then marked as sold on the web site.

Edited by Elex on Monday 2nd September 14:15

Fipster

172 posts

171 months

Monday 2nd September 2013
quotequote all
Elex said:
Collins was not the vendor of the car at the auction. He was the winning bidder. Collins/Talacrest then listed the car for sale on their web site. The car was then sold to the under bidder. Car then marked as sold on the web site.


Edited by Elex on Monday 2nd September 14:15
Thanks for clarifying once and for all then.