Collecting Cars auction results

[21ATS]

Drclarke said:

At least the auction houses have premises and have the cars all together for you to view and inspect.

The Collecting Cars gents are just hosting a website for you to advertise or buy from on for a few thousand pounds! No warranty, no friendly coffee, no eye pleasing receptionist, no where yo take your car back to when it develops a problem or turns out that the car didn’t strictly belong to the seller.

I don't think I explained myself particularly well.

Private sales are private sales no matter where they take place- no warranty, no comeback, you're on you're own.

It's the trade seller part that interests me.

I think if you "win" the auction and the seller is trade you are by default buying from a dealer and the car is subject to all the warranty under law as if you'd gone to their premises and done the deal. Therefore, there is comeback, implied warranty (albeit the legal minimum) and in theory the right to change your mind?

All collecting cars is doing is advertising the vehicle in the same way it would be done on eBay or Autotrader, they are introducing you only - for 6% of the final value price.

Edited by 21ATS on Thursday 16th April 14:34

[Trevor555]

21ATS said:

All collecting cars is doing is advertising the vehicle in the same way it would be done on eBay or Autotrader, they are introducing you only - for 6% of the final value price.

Edited by 21ATS on Thursday 16th April 14:34

This is how I see it also.

Advert on Autotrader for £10,000 car is what? £50?

Collecting cars take £600 from the buyer?

£50,000 car they take £3,000?

I wish anyone well who's running a business, but are buyers really paying this?

Good on them if they are.

[Mezzanine]

I would imagine they have looked at the business model of Bring-a-trailer in the USA and are trying to build something similar perhaps?

The beauty of BaT is the community of members who help to assess the listings below the advert which seems pretty good at weeding out inferior/mis-leading sellers/cars and has become a trusted place to buy with less post-sale hassle or anxiety.

I think with Collecting Cars the theory is the team are essentially doing all this before listing and so although you pay more, you in theory have a straight and trust worthy auction buy and eliminate the unknown of buying from BCA etc.

Of course they are doing this remotely so that only goes a certain way.

[21ATS]

Trevor555 said:

This is how I see it also.

Advert on Autotrader for £10,000 car is what? £50?

Collecting cars take £600 from the buyer?

£50,000 car they take £3,000?

I wish anyone well who's running a business, but are buyers really paying this?

Good on them if they are.

So armed with that information if you like the £10,000 car on Collecting cars you're bidding £9,300 for or thereabouts.

Unltimately it's the buyer swallowing the fee in a roundabout way.

The beauty is though the true value of the vehicle is arrived at by pure market forces (assuming there's no shill bidding).

The FF was a good indication of that.

Have a look at the prce the Audi TTS sold for this week, then compare it to adverts on Autotrader for the same year/mileage.

[Roof down]

johnnyreggae]oof down]known transmission problems etc .[quote said:

Do you have any evidence other than early non-T ?

Only what I have learned from various threads, it seems the later cars have the same issues, I would want a proper warranty if I were to buy one, for sure.
I also would not want to be trying to sell one at the moment, early car or late car.
Its going to be interesting watching things.
Mike

[cayman-black]

Its a bit like some goods on ebay, action the same thing as you can buy it now and usually the action one goes for more , crazy.

[Facelvega]

Hi Guys,

I missed the Nomad. Any idea where the bidding stopped please?

[Calculator]

https://collectingcars.com/for-sale/1999-ferrari-3...

Anyone on here? Congrats if so!

[kman]

Facelvega said:

Hi Guys,

I missed the Nomad. Any idea where the bidding stopped please?

Not sure it sold - may not have met reserve

https://collectingcars.com/sold

[DeuceDeuce]

Ferrari 355 F1
31,290 miles - 1999
SOLD @ £52,250 (plus 6% buyer fee)

Ferrari 575M
26,000 miles - 2003
SOLD @ £61,000 (plus 6% buyer fee)

[GT4RS]

DeuceDeuce said:

Ferrari 355 F1
31,290 miles - 1999
SOLD @ £52,250 (plus 6% buyer fee)

Ferrari 575M
26,000 miles - 2003
SOLD @ £61,000 (plus 6% buyer fee)

The 575 looks good value at that price

[Cheib]

Amazing. This 911 just sold for £51.5 k https://collectingcars.com/for-sale/2014-porsche-9...

It’s on the dealers website for just under £58k ! Are people mad ! Surely you are much better buying directly and I am sure could have got a better deal that way too.

[Uncle John]

Cheib said:

Amazing. This 911 just sold for £51.5 k https://collectingcars.com/for-sale/2014-porsche-9...

It’s on the dealers website for just under £58k ! Are people mad ! Surely you are much better buying directly and I am sure could have got a better deal that way too.

Why’s that mad? It’s a decent reduction.

[21ATS]

Uncle John said:

Why’s that mad? It’s a decent reduction.

With the 6% that's £54,494.60.

Honestly I'm not really seeing anything in the way of bargains yet.

Even the 575 that taken on face value looks good value compared to advertised cars. The thing is the advertised are just not selling and haven't been selling at anything close to advertised price for a good year or so.

£60K is all the money for a 575, I've been following 550's and 575's for nearly three years now trying to find one to buy.

Edited by 21ATS on Thursday 16th April 22:02

[ghost83]

Still 20k cheaper than the cheapest 575 on autotrader

And the 355 isn’t bad value either

[Wattyboy]

Surely the auction technology is what the site has over autotrader that people are trying to compare it against.

You are putting in the competitive angle that I am not supposing happens on autotrader.

I think good concept - whether 6% is right is another matter

[Calculator]

Three years is an awfully long time not to be driving the car you want!

[GT4RS]

This site will eventually give enthusiasts a better understanding of true selling prices, like another poster just mentioned asking prices are still high on many cars and price adjustments haven’t been taken into account. I would imagine it’s due to this type of market being heavy with SOR stock.

[21ATS]

Calculator said:

Three years is an awfully long time not to be driving the car you want!

It is. But I'm looking for something that I'll never sell. So I'm in no rush.

I've made offers on cars over that 3 years, many of which are still for sale, now at less that my offers. So there is a silver lining to that cloud.

Edited by 21ATS on Thursday 16th April 22:09

Edited by 21ATS on Thursday 16th April 22:09

[21ATS]

ghost83 said:

Still 20k cheaper than the cheapest 575 on autotrader

And the 355 isn’t bad value either

Some of those 575's on Autotrader have been for sale for a very very long time.

How about the 575 that was driven by Damon Hill and JC on Top Gear.

https://www.carandclassic.co.uk/car/C1205251