Market trends - is anyone else using Patina?

Market trends - is anyone else using Patina?

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anonymous-user

Original Poster:

54 months

Tuesday 31st January 2017
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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.




sparta6

3,698 posts

100 months

Tuesday 31st January 2017
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It's certainly a useful resource, and I used it to track the 928 GT before buying one. I am wondering whether Hagerty references this data or whether they collate their own independently

Lagerlout

1,810 posts

236 months

Tuesday 31st January 2017
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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.

anonymous-user

Original Poster:

54 months

Tuesday 31st January 2017
quotequote all
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.

Yipper

5,964 posts

90 months

Tuesday 31st January 2017
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Just did a very quick scan of some Ferrari, Lambo and McLaren numbers. TheMarket charts look pretty much spot-on. Good find.

voicey

2,453 posts

187 months

Tuesday 31st January 2017
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Retirement here I come!

Craigwww

853 posts

169 months

Wednesday 1st February 2017
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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."

Behemoth

2,105 posts

131 months

Wednesday 1st February 2017
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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.

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.

Juber

569 posts

138 months

Wednesday 1st February 2017
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voicey said:
Retirement here I come!
I think the majority of us prefer your data mate.

6point2

45 posts

97 months

Wednesday 1st February 2017
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Juber said:
voicey said:
Retirement here I come!
I think the majority of us prefer your data mate.
+1

It's a lot more meaningful than those poorly construed graphs.

Data is useless without the correct analysis.

Silent1

19,761 posts

235 months

Wednesday 1st February 2017
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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.

JapanRed

1,559 posts

111 months

Monday 13th February 2017
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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.