Silverstone auction results
Discussion
It would appear fairly good results in the auction this weekend. Only a handful of Porsches didn't sell:
https://www.silverstoneauctions.com/the-silverston...
Some other cars appear to be much more expensive than I would have thought:
-205Gti £38,480
-64' Mini £47,500
-2010 Ford Focus RS £54,000
-Renault 5 Turbo £74,250
https://www.silverstoneauctions.com/the-silverston...
Some other cars appear to be much more expensive than I would have thought:
-205Gti £38,480
-64' Mini £47,500
-2010 Ford Focus RS £54,000
-Renault 5 Turbo £74,250
CarreraLightweightRacing said:
It would appear fairly good results in the auction this weekend. Only a handful of Porsches didn't sell:
https://www.silverstoneauctions.com/the-silverston...
Some other cars appear to be much more expensive than I would have thought:
-205Gti £38,480
-64' Mini £47,500
-2010 Ford Focus RS £54,000
-Renault 5 Turbo £74,250
I think it safe to assume that when a 2010 Ford Focus RS fetches £54k, there may be a "problem" with the market, or it's perception of current car values ..... https://www.silverstoneauctions.com/the-silverston...
Some other cars appear to be much more expensive than I would have thought:
-205Gti £38,480
-64' Mini £47,500
-2010 Ford Focus RS £54,000
-Renault 5 Turbo £74,250
Bubble ? What bubble ?
Like many, I had a 205 GTi, back in the day and have fond memories.
Drove one recently and, while it's still fun to hustle down country lanes, time has progressed - heavy steering, modest performance and brakes, rattles and cheap trim. £3-4k? Maybe. £38.5k?
The info I got was that the investment end of the market is now very patchy, but there are still enthusiasts at the lower levels prepared to pay OTT prices for nostalgic toys.
Drove one recently and, while it's still fun to hustle down country lanes, time has progressed - heavy steering, modest performance and brakes, rattles and cheap trim. £3-4k? Maybe. £38.5k?
The info I got was that the investment end of the market is now very patchy, but there are still enthusiasts at the lower levels prepared to pay OTT prices for nostalgic toys.
Koln-RS said:
Like many, I had a 205 GTi, back in the day and have fond memories.
Drove one recently and, while it's still fun to hustle down country lanes, time has progressed - heavy steering, modest performance and brakes, rattles and cheap trim. £3-4k? Maybe. £38.5k?
The info I got was that the investment end of the market is now very patchy, but there are still enthusiasts at the lower levels prepared to pay OTT prices for nostalgic toys.
Yep I had one too 1.9 white with red - loved it - but I'm sure you're right; far better to remember it with rose tints than to experience now and break that bubble (like old girlfriends - never go back !) Drove one recently and, while it's still fun to hustle down country lanes, time has progressed - heavy steering, modest performance and brakes, rattles and cheap trim. £3-4k? Maybe. £38.5k?
The info I got was that the investment end of the market is now very patchy, but there are still enthusiasts at the lower levels prepared to pay OTT prices for nostalgic toys.
Edited by RSVP911 on Tuesday 1st August 23:44
Koln-RS said:
Like many, I had a 205 GTi, back in the day and have fond memories.
Drove one recently and, while it's still fun to hustle down country lanes, time has progressed - heavy steering, modest performance and brakes, rattles and cheap trim. £3-4k? Maybe. £38.5k?
The info I got was that the investment end of the market is now very patchy, but there are still enthusiasts at the lower levels prepared to pay OTT prices for nostalgic toys.
JZM told that to a mate of mine recently who had done a lot of business with them...things like 964 and 993 Turbo's aren't shifting but they're getting lot of interest in things 987 Spyder's which is a similar price bracket to said nostalgic toys. Drove one recently and, while it's still fun to hustle down country lanes, time has progressed - heavy steering, modest performance and brakes, rattles and cheap trim. £3-4k? Maybe. £38.5k?
The info I got was that the investment end of the market is now very patchy, but there are still enthusiasts at the lower levels prepared to pay OTT prices for nostalgic toys.
Cheib said:
JZM told that to a mate of mine recently who had done a lot of business with them...things like 964 and 993 Turbo's aren't shifting
Someone was still prepared to pay £122k for the 993 turbo at the auction which is the subject of this thread - not bad considering there is no warranty or dealer prep, margin etc. Not sure whether that was the hammer price or commission inclusive either.stewart rix said:
Someone was still prepared to pay £122k for the 993 turbo at the auction which is the subject of this thread - not bad considering there is no warranty or dealer prep, margin etc. Not sure whether that was the hammer price or commission inclusive either.
No sure either about the commission; their website states the following:Charges: Like the vast majority of auctioneers, Silverstone Auctions Limited charge what is known as a buyer's premium. Our standard buyer's premium charges are 12.5% of hammer price for motor vehicles (cars and motorcycles) and 20% for automobilia/lifestyle items. Buyer's premium is subject to VAT at the prevailing rate on the day of the auction
For me it isn't clear if this is an additional charge or if it comes out of the hammer price.
Edited by CarreraLightweightRacing on Wednesday 2nd August 09:44
CarreraLightweightRacing said:
No sure either about the commission; their website states the following:
Charges: Like the vast majority of auctioneers, Silverstone Auctions Limited charge what is known as a buyer's premium. Our standard buyer's premium charges are 12.5% of hammer price for motor vehicles (cars and motorcycles) and 20% for automobilia/lifestyle items. Buyer's premium is subject to VAT at the prevailing rate on the day of the auction
For me it isn't clear if this is an additional charge or if it comes out of the hammer price.
This price will be with the buyer's premium. There is 20% VAT on the premium which is not usually (not sure here) included in this figure. The estimate is the net (hammer) price - auction houses like to compare the sales price (with premium) against the estimates. Which is not totally accurate. Charges: Like the vast majority of auctioneers, Silverstone Auctions Limited charge what is known as a buyer's premium. Our standard buyer's premium charges are 12.5% of hammer price for motor vehicles (cars and motorcycles) and 20% for automobilia/lifestyle items. Buyer's premium is subject to VAT at the prevailing rate on the day of the auction
For me it isn't clear if this is an additional charge or if it comes out of the hammer price.
stevewak said:
This price will be with the buyer's premium. There is 20% VAT on the premium which is not usually (not sure here) included in this figure. The estimate is the net (hammer) price - auction houses like to compare the sales price (with premium) against the estimates. Which is not totally accurate.
So the 993 actually sold for about £106k or so?
996TT02 said:
In all fairness, 200km on the clock for the Ford - it's "new old stock".
The Focus RS has a huge fanbase. The Gyeon detailer on our industrial estate who ceramic coated my car has, by chance rather than design, become the regional go-to for these guys, so there's very often at least one there. It's not my cup of tea, but I sort of sea the appeal - the plucky underdog to the Audi and VW hot hatches - and, if you were after one, the five-pot version has massive appeal.The sale price is daft, but only marginally more daft than the prices things like Escorts and even Fiesta XRs are fetching. Again, with the Focus RS, just as with other cars, it's hard to see the likes of the five cylinder motor ever passing future emissions testing.
porkey said:
So the 993 actually sold for about £106k or so?
The price they quote is £121,750. Netting that back - with 12.5% buyer's premium - it comes to an oddball £108,222 hammer, so I am thinking they have added 20% VAT to the buyer's premium and included that in final price. You are probably right: £106k-ish hammer. Vendor might get £95,400, buyer has paid £121,750.https://k500.com/story-item/the-k500-insiders-guid... might be of interest.
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