Selling at auction ( high end) any experience ?

[phib]

Having bought a number of cars at high end auctions I wondered if anyone has sold anything via the auction recently and what the experience was like ?

I have seen many a poor quality, low spec no service history / little service history sold through auction but I have a full service history late (December 2000) 550 LHD, full spec ( leather headlining / quilted parcel shelf 225,000 euros when new !!) that I am planning to sell.

Nothing wrong with car, it just doesn't really get used as its in the UK and I have been traveling so much.

Any experiences would be gratefully received and if the returns were goodish !!

Thanks

Phib

[johnnyreggae]

Bear in mind that there's a long lead ie consign today you might catch a Christmas auction and be paid in January or February

Also the houses tend to have a high commission so a fifty grand SOR may net more than a sixty grand auction (approx)

Talk to a few of them and see if you feel comfortable with their offer (including payment times)

[TISPKJ]

Give Dave or Matt a call at The Ferrari Center who will be more than happy to market the car for you at a very reasonable cost.

[uncleron]

Having sold a few (albeit 10-30k cars) at auction, I would echo the other sentiments and say look at SOR. When you're putting a car into auction you're reliant on there being the right people in the room, and it's definitely a win some/lose some situation.

You can handle that when the numbers are smaller but the idea of taking a 10/20k hit between lower and higher estimates and then having to pay a hefty chunk of commission would put me off at those numbers.

The only way to do mitigate that is to set the reserve at the figure you'd be happy with, taking into account commission, but if it doesn't sell you've waited 3 months (or more) to get nowhere and you're back at square one!

GL with the sale either way!

[phib]

Thanks for the advice guys, having spoken to a few people and dealers I think SOR is the best way forwards.

I am looking to do something in a month of so and pretty much have my dealer in mind and the figures agreed so fingers crossed.

Thanks

Phib

[Bluebottle911]

It would be interesting to hear how you get on.

[phib]

Well final decision made SOR here we come, will let you all know how we get on

Thanks

Phib

[TISPKJ]

With TFC ?