Auction Report - no bargains here....

[dasherdiablo1]

Went to BCA Blackbushe today and was rather shocked by what the cars were achieving - I spoke with several dealers who were equally shocked by the prices cars are currently achieving. I had a very disappointing day as my wife and I were hoping to come home with the Quattroporte or the DB9 Volant but it was not to be as they achieved too much money!

Make your own decisions:-

BMW Z4 23i sdrive 61plate 9k miles = £17000
BMW M3 coupe manual 08plate 17k miles = £21800
BMW M3 coupe manual 08plate 51k miles = £17400
BMW X6 30d 60plate 37k miles = £25600 (very shabby)
BMW X6 40d 60plate 14k miles = £30200
BMW 520d SE 59plate 58k miles = £12000
Porsche Cayman 2.9PDK 60plate 3k miles = £28000
Porsche 911 Turbo 58plate 19k miles = £48400
Porsche 911 3.6 convertible 03plate 43k miles = £15400
Audi TTS 09plate 34k miles = £17000
Mini Couper 59plate 10k miles = £8200
Porsche Boxster 2.7 Tip 07plate 43k miles = £12400
Audi S4 11plate 21k miles = £22500
Landrover Feelander 2.2 TD4 08plate 42k miles = £14400
Porsche 911 S 07plate 55k miles = £23000
Lexus RX 450 H SE-I 10plate 21k miles = £24900
Porsche 911 S 06plate 83k miles = £18500 - clutch and/or gearbox knackered.
Porsche 911 3.6 06plate 63k miles = £19600
RRS 58plate 3.6TD V8 56k miles = £23900
RRS 58plate 3.6TD V8 29k miles = £30000
RRS 10plate 3.0TD V6 73k miles = £25600
Maserati QP 59plate 22k miles = £40200
Jaguar F Type 13plate 2k miles = £62400
Mclaren MP4-12C 62plate 7k miles = £127000
Bentley GTC W12 Speed 11plate 3k miles = £83700
Aston Martin DB9 Volante 57plate 34k miles = over £38000 but we walked out as I was fed up!

Some lovely cars were there and some dog rough ones too - the only people making money here really are BCA.

Edited by dasherdiablo1 on Wednesday 23 October 20:35

Edited by dasherdiablo1 on Thursday 24th October 14:10

[blade7]

Went to a few auctions years ago, it seemed prices for decent stuff were higher than I could haggle private sellers down to. I guess it's convenient for the trade and for snotters but I never bought anything.

[TP321]

The Mclaren is cheap! What was that new last year? £200k? Outch......

[BMW3s6]

Oddly enough when I was at Enfield there was some good bargains that could have been had, and some went through that I thought was dear for the auction.

I go at least once a week to various auctions, I like chelmsford the most. I would go blackbushe a lot more if it was closer, but Enfield, chelmsford and colchester is way more convenient for me to attend.

Edited by BMW3s6 on Wednesday 23 October 23:42

[qureshia]

Porsche 911 S 07plate 55k miles = £23000

Not too bad ?

[Jaroon]

Thanks for taking the time to post this OP I was just considering asking what the current score was re. auction prices. Think I've got my answer.

[keegs111]

What year was the db9?

[anonymous-user]

Patience is the key, usual cool story bro moment but a friends father picked up a 54 plate Quattroporte for 16k last year, nothing wrong with it save some wiring on the tail lights was an easy fix. If you get one invest in a battery conditioner as he found out they need them and nor are the batteries cheap.

[TP321]

The Bentley seems expensive at £83k before auction fees. There is one in the classifieds for £87k before haggling with a chance to fully inspect the car. Auctions are no longer cheap

[16plates]

BMW M3 coupe manual 08plate 17k miles = £21800
BMW M3 coupe manual 08plate 51k miles = £17400

Seems... cheap/very reasonable assuming straight cars with no issues.

[Escy]

It's a brave to assume that at an auction.

[9mm]

Escy said:

It's a brave to assume that at an auction.

Too bloody right. The average private punter is a lamb to slaughter in that environment. Rings operate and you will only get the car if the trade don't want it or you are prepared to pay over the odds for it. Of course people will have stories of bargains and of course they do come up (although 16K for a ten year old Maser doesn't sound particularly cheap to me) but there are far more horror stories. The only prices that got my attention in that list were the cheaper M3 and the Macca. When I buy from auction I make a rule to go for several weeks in a row and never buy on the first visit. You'd be amazed how many cars 'sell' and reappear the same day or at the next auction.

[martin mrt]

16plates said:

BMW M3 coupe manual 08plate 17k miles = £21800
BMW M3 coupe manual 08plate 51k miles = £17400

Seems... cheap/very reasonable assuming straight cars with no issues.

The 51k miles one I'd say is cheap, depending on the spec, condition and fees

[lowdrag]

High auction prices are also a phenomenon of the financial cycle too. It's happened before and will happen again. After the 2008 bank crisis new car sales slumped. They are still falling quite sharply here in France whereas in the UK they have rebounded but the UK has a far higher car culture than here. The problem with falling new sales is the paucity of second-hand models two years down the line so prices don't fall as sharply as they usually do. I have seen it at least once in each of the last four decades.

[qureshia]

Porsche 911 Turbo 58plate 19k miles = £48400

Sub £50k for a gen 2 997 turbo with low miles .....I'd have been seriously tempted :-)

[dasherdiablo1]

keegs111 said:

What year was the db9?

Sorry it was a long day; it was a 57 plate in a very strange turquoise blue - I think it is called quail grey- it had a blue interior too so difficult to sell on. Way overpriced for me and then there would be another £1k in fees

[richardxjr]

qureshia said:

Porsche 911 Turbo 58plate 19k miles = £48400

Sub £50k for a gen 2 997 turbo with low miles .....I'd have been seriously tempted :-)

A mate just bought one from an indy dealer locally for £49k. Same mileage 19k, GT Silver, utterly mint.

[qureshia]

richardxjr said:

A mate just bought one from an indy dealer locally for £49k. Same mileage 19k, GT Silver, utterly mint.

Bloody hell, quick check reveals they have dropped, saying that your mate still appears to have got a good deal, assuming it is a gen 2 3.8 model

[dasherdiablo1]

Just noticed the DB9 has turned up in the classifieds at over 10k more!!!!! Crikey that is a total joke.....

[qureshia]

dasherdiablo1 said:

at over 10k more!!!!! Crikey that is a total joke.....

I'd say it was entrepreneurial...