Market trends - is anyone else using Patina?
Discussion
I posted this elsewhere but then thought it may be useful to others if I started a new topic. Not sure if this has been mentioned previously but the Market Trends section (https://themarket.co.uk/market-trends) of Patina (https://www.getpatina.com) is becoming a pretty reliable source of advertised market prices. The numbers are advertised prices of course so you can expect actual selling prices to be a tad lower but they are pretty good at showing trends in the market. Here are examples for the 612 which references 469 UK ads over a two year period an indicating a just over 8% rise since September 2014, and for the F430 referencing over 2000 ads and showing a 12% year on year rise over the same time period. I'm not affiliated with the site other than being a member, but I can certainly recommend taking a look - it's come along nicely. The also have car auction section which looks pretty interesting. Hopefully not breaking any rules by posting this - just looks pretty useful.
It seems to be very inaccurate with a number of brands and models. If they took more time to ensure the models and variants were accurate it would be a lot better. I use an app on my phone called hammer price which shows you results from global auctions. That's a bit more telling than asking price. If they combined it with auction results it might be more useful.
Lagerlout said:
It seems to be very inaccurate with a number of brands and models. If they took more time to ensure the models and variants were accurate it would be a lot better. I use an app on my phone called hammer price which shows you results from global auctions. That's a bit more telling than asking price. If they combined it with auction results it might be more useful.
Nice tip on Hammer Price - thanks. Going to have a look now. Lagerlout said:
It seems to be very inaccurate with a number of brands and models. If they took more time to ensure the models and variants were accurate it would be a lot better. I use an app on my phone called hammer price which shows you results from global auctions. That's a bit more telling than asking price. If they combined it with auction results it might be more useful.
From their website..."So why don't we use sold prices from auction house like other pricing websites? This is simple, classic car auctions represent significantly less then 5% of sales in the market, they tend to favour certain marques and quite often the prices are influenced by the competition in the room at the time (we can testify to this having bought quite a few cars from auction ourselves). If you want to understand price trends across any make or model of car then quite frankly auction data is not that useful."
Craigwww said:
From their website...
"So why don't we use sold prices from auction house like other pricing websites? This is simple, classic car auctions represent significantly less then 5% of sales in the market, they tend to favour certain marques and quite often the prices are influenced by the competition in the room at the time (we can testify to this having bought quite a few cars from auction ourselves). If you want to understand price trends across any make or model of car then quite frankly auction data is not that useful."
Hmm. Disingenuous imo. Truth is, automated web scraping of data is ridiculously easy on certain for-sale sites and there is a much greater and constant volume of advertised vehicles on them. A car will be for sale for months, giving multiple data points even if not sold. "So why don't we use sold prices from auction house like other pricing websites? This is simple, classic car auctions represent significantly less then 5% of sales in the market, they tend to favour certain marques and quite often the prices are influenced by the competition in the room at the time (we can testify to this having bought quite a few cars from auction ourselves). If you want to understand price trends across any make or model of car then quite frankly auction data is not that useful."
A sale figure at auction, otoh, is a one off figure & web scraping them can be fiddly as you'd have to setup a bespoke approach for each auction house.
Behemoth said:
Hmm. Disingenuous imo. Truth is, automated web scraping of data is ridiculously easy on certain for-sale sites and there is a much greater and constant volume of advertised vehicles on them. A car will be for sale for months, giving multiple data points even if not sold.
A sale figure at auction, otoh, is a one off figure & web scraping them can be fiddly as you'd have to setup a bespoke approach for each auction house.
Not forgetting that most auctions houses would probably charge them to use the data.A sale figure at auction, otoh, is a one off figure & web scraping them can be fiddly as you'd have to setup a bespoke approach for each auction house.
Thanks for the heads up OP. I think for most of us, a combination of sources works best. I will continue to do my own market tracking, as well as watching Aldous' threads and also Patina's.
The more sources we have to choose from the better, as long as they are interpreted with caution.
The more sources we have to choose from the better, as long as they are interpreted with caution.
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