Bailiffs selling rare MG X Power SV
Discussion
Watched online. Seemed to be several other internet bidders plus auctioneer said he had a proxy bid. Car needed a complete retrim, the leather has completely come away from the dash and rear shelf and looks a real mess. Interior just looked tired. Body is good though. Sold for way over my estimation, but then there are examples around for sale in the thirties, so good value for someone.
bickyboy said:
just because there is not a reserve does not mean it will sell its down to the vendors discretion no reserve usually means submit all bids then its upto them they accept the highest bid but I reckon they will in this case as its more than fair
I can assure you it will be accepted.Fetched more than I thought given the condition report. Still a relative bargain for somebody.
bickyboy said:
just because there is not a reserve does not mean it will sell its down to the vendors discretion no reserve usually means submit all bids then its upto them they accept the highest bid but I reckon they will in this case as its more than fair
Where did you get that from? No reserve means that once the car is offered in the auction hall it WILL sell £1 or £1mil it will sell. For the owner to be asked he/she must set a reserve or ask the auction house to submit highest bid.I agree.
All seized goods sold under the auspice of a High Court writ must be sold without reserve to the highest bidder (unless a separate court order allows a sale by private treaty). But... the High Court Enforcement Officer has a duty to ensure the goods are advertised properly or he could be liable to a claim from the debtor.
All seized goods sold under the auspice of a High Court writ must be sold without reserve to the highest bidder (unless a separate court order allows a sale by private treaty). But... the High Court Enforcement Officer has a duty to ensure the goods are advertised properly or he could be liable to a claim from the debtor.
at manheim auctions and all others I have been to no reserve does not mean it will sell whether it be £1 or £1 million it just means they have set no reserve on higher value items they will usually sell provisional then they will consider the offer unless it makes over the expected/guide value ? that is why at 21k it sold PROVISIONALLY as manheims guide said circa 23k.. physically viewed the mg today as it was still at manheim looked fairly tidy wanted bit of tlc but nothing major that I could see
Edited by bickyboy on Thursday 21st November 17:18
My guess is that there were no bids on it. Auctioneer was taking ficticious bids in the hope that someone would place a real bid, when he failed to get a real bid he ended it as 'provisionally' sold.
If it was a real bid i'm sure it would be accepted, if it wasn't a real bid i'd expect it to appear at another auction soon.
Lets wait and see .........
If it was a real bid i'm sure it would be accepted, if it wasn't a real bid i'd expect it to appear at another auction soon.
Lets wait and see .........
100 IAN said:
My guess is that there were no bids on it. Auctioneer was taking ficticious bids in the hope that someone would place a real bid, when he failed to get a real bid he ended it as 'provisionally' sold.
If it was a real bid i'm sure it would be accepted, if it wasn't a real bid i'd expect it to appear at another auction soon.
Lets wait and see .........
Not so. The bid was genuine and payment is being made.If it was a real bid i'm sure it would be accepted, if it wasn't a real bid i'd expect it to appear at another auction soon.
Lets wait and see .........
Edited by habanero on Tuesday 3rd December 16:11
Gassing Station | General Gassing | Top of Page | What's New | My Stuff