Selling at auction

[SE24DB9]

Just put my DB9 up for auction at Bonhams. Was persuaded to go with no reserve! Current bid £100. Nervewracking! Anyone done this before?

Cheers



Sorry, not allowed.

Edited by Big Al. on Wednesday 15th November 13:38

[Jon39]

SE24DB9 said:

Just put my DB9 up for auction at Bonhams. Was persuaded to go with no reserve! Current bid £100. Nervewracking! Anyone done this before?

Is not having a reserve, perhaps done by sellers to reduce fees.
I don't know how this works. Is it the buyer or seller, who pays auction fees?

Could some family, friends, or work colleagues help? Just need some bids, to get to where your reserve would have been.
You might never talk to someone ever again. -

[XJR500bhp]

There have been no good auction results for these cars

Auction platforms are everywhere now and the “fizz” you used to get in the auction room isn’t there anymore

A nice spec if it’s the 2014 with light interior. I will guess you’ll get £48k.

[Calinours]

SE24DB9 said:

Just put my DB9 up for auction at Bonhams. Was persuaded to go with no reserve! Current bid £100. Nervewracking! Anyone done this before?

Cheers



Sorry, not allowed.

Edited by Big Al. on Wednesday 15th November 13:38

Not a good idea. As already mentioned, online auctions are everywhere now and bids on a relatively numerous car like yours will not go high - especially over a limited timeframe. Auctions just aren’t good for relatively mass produced stuff.

Maybe why you were ‘persuaded’ to go for NR….

Good luck, but maybe there is a rare soul currently looking within the 7d window who wants a car precisely your cars age and colour and spec and is prepared to pay for it.

SOR at a friendly dealer is the way to go if you are not prepared/afraid/no patience etc to sell private

Edited by Calinours on Wednesday 15th November 21:06

[Julian Thompson]

The “problem” with auctions is that it demands that only the pool of buyers ***right now*** can participate, locking out those over the next ***insert acceptable time frame for the sale*** to be in the market.

For this reason the auctions tend to favour those limited buyers unless the car is something that can’t be easily replicated by buying an alternative car.

Then the tables are exactly turned, and now the buyers must participate ***right now*** otherwise lose out on something exceptional and have to wait for ***insert acceptable time frame for the purchase*** to be in the market.

For that reason it definitely pays to think about why the buyer might want your car in particular, and which category it falls into.

[SE24DB9]

Thanks all. Interesting. Maybe someone will get a bargain!

[GordonGekko]

Bonhams sold a number of my cars and failed to accomplish anything near good prices despite being in very good condition with no issues.

I suggest determining how much you need back; then, considering the seller fees insist on a reserve to get there.
If the auction house has no confidence perhaps go to a specialist enthusiast site such as Collecting Cars. Worth reviewing what they have achieved previously in the ‘sold’ section.

[Bailey.]

Collecting cars makes much more sense imo.

Awful time to sell right now.

[Simpo Two]

I can't find the auction either by Google or from the Bonhams website: https://cars.bonhams.com/auctions/. So if I can't, maybe not many other people can either...

PM me the link, I'd like to see it.

[Cold]

Simpo Two said:

I can't find the auction either by Google or from the Bonhams website: https://cars.bonhams.com/auctions/. So if I can't, maybe not many other people can either...

PM me the link, I'd like to see it.

I found it by looking through the website you linked to.

https://carsonline.bonhams.com/en/listings/aston-m...

[Jon39]

Cold said:

I found it by looking through the website you linked to.

https://carsonline.bonhams.com/en/listings/aston-m...

2014 and 13,500 miles, good colours. Appears to be a magnificent car.

Good luck SE24DB9. You have really looked after your car well and deserve a good price.

[Minglar]

Jon39 said:

Cold said:

I found it by looking through the website you linked to.

https://carsonline.bonhams.com/en/listings/aston-m...

2014 and 13,500 miles, good colours. Appears to be a magnificent car.

Good luck SE24DB9. You have really looked after your car well and deserve a good price.

I would agree Jon. Looks like a fine example. I don’t really understand why you’d choose not to set a reserve. Do you still have to pay their fee if you set a reserve and it’s not reached? Without a set reserve it could end up selling for way below what you may want or need and imho that is somewhat foolhardy. But good luck. Let’s hope the market realises it’s a good car and you get a decent return. BRM.

[LTP]

Jon39 said:

2014 and 13,500 miles, good colours. Appears to be a magnificent car.

Good luck SE24DB9. You have really looked after your car well and deserve a good price.

Agreed. And only 2 owners. For me the only slight negative is the full Cream Truffle interior.

I was surprised at the mileage you've done in the last few years - not much more than taking it for its MOT. You must have an interesting garage to be able just to walk past that DB9.

Fingers crossed for you and, with no reserve I believe you're now committed, so someone is possibly going to get an absolute bargain

[Dewi 2]

LTP said:

And only 2 owners.

My Vantage had several owners during its first two years, but still looked brand new.
The last owner before me, only had it for a few months. He later told me, that he went back to the main dealer for some minor reason and whilst there, was seduced by another Aston Martin. Beware!

Condition is always the most important part for me.

The number of owners was raised recently, by a prospective buyer for one of my classic cars. He asked how many owners there were, before I bought it in 1974. Well, for a 57 year old car, what a stupid question. Perhaps if he asked whether anyone famous had owned it, that might have had some relevance. I assumed he was a time waster, so that was his opportunity gone.

[KernowShep]

In the vehicle story part it says
"The 5.9-litre, V12 engine delivers 450bhp and 420lb/ft of torque"
Shouldn't it be 510 bhp for this age DB9 - I appreciate most interested in buying would know that but I'd be wanting the correct info in the Auction particulars in case it did make a difference to a bidder/underbidder.

[Calinours]

KernowShep said:

In the vehicle story part it says
"The 5.9-litre, V12 engine delivers 450bhp and 420lb/ft of torque"
Shouldn't it be 510 bhp for this age DB9 - I appreciate most interested in buying would know that but I'd be wanting the correct info in the Auction particulars in case it did make a difference to a bidder/underbidder.

It should. Sloppy but all too common. They aren’t doing the seller any favours. That car has both the DBS-spec engine and its active suspension.

[SE24DB9]

Thank you all. I have had them update the power/torque stats.

[OddCat]

XJR500bhp said:

There have been no good auction results for these cars

Auction platforms are everywhere now and the “fizz” you used to get in the auction room isn’t there anymore

A nice spec if it’s the 2014 with light interior. I will guess you’ll get £48k.

That was a cracking guess. The auction finished at pretty much exactly that.

Makes other very similar cars on AT with asking prices of £60k+ look a bit silly ???

Edited to add example:

Edited by OddCat on Wednesday 22 November 21:28

[Simpo Two]

Chiltern always seem to be 'higher price', but if my enquiry was anything to go by they spent £12K 'prepping it'...

(edited to correct amount; I remember thinking 'you could fit a new engine for that!')

Edited by Simpo Two on Thursday 23 November 10:10

[LTP]

OddCat said:

Makes other very similar cars on AT with asking prices of £60k+ look a bit silly ???

There will be a significant premium for the difference in risk between "caveat emptor" at an auction and buying from a dealer under the umbrella of consumer protection legislation.