Collecting Cars auction results

Collecting Cars auction results

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DeuceDeuce

Original Poster:

334 posts

91 months

Wednesday 15th April 2020
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Ferrari California T
5,400 miles - 2016
UNSOLD @ £88,500 (plus 6% buyer fee)

Ferrari FF
19,000 miles - 2015
SOLD £90,750 (plus 6% buyer fee)


jsc15

981 posts

207 months

Wednesday 15th April 2020
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Cali T is now on "Buy Now" for £97.5k

Not sure if the 6% buyers premium is factored into this (full or even partially)

Legacywr

12,017 posts

187 months

Wednesday 15th April 2020
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Do you have a link to this auction?

jsc15

981 posts

207 months

Wednesday 15th April 2020
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Legacywr said:
Do you have a link to this auction?
The auction vanishes if it misses reserve, but the "Buy Now" is on site now (don't think links would be allowed)

21ATS

1,100 posts

71 months

Wednesday 15th April 2020
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What is the status of a trader selling on Collecting Cars?

It's interesting that each listing is clearly stated as private or trade and the auction nature of the site would suggest you're buying at an auction. But it's not entirely clear what the status of the sale is for the end user. Is it a sold as seen no comback scenario like a B&M hammer down auction or is it simply considered an advertising medium like eBay or Autotrader?

It crossed my mind this week when I noticed KHPC (previously The Ferrari Centre) listing cars as a "trade" seller. (Seller name Roger C).

In that case are you buying from auction or are you buying from KHPC, as collecting cars doesn't handle the financial transaction - they just take commission and the bid is dealt with between parties privately outside of the platform.

So if you're buying from a private seller it's the usual no comeback caveat emptor - but what about buying from a trade seller?


DeuceDeuce

Original Poster:

334 posts

91 months

Thursday 16th April 2020
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Legacywr said:
Do you have a link to this auction?
https://collectingcars.com/

Register, then ‘Watch’ all the cars you’re interested in, and then bid on the ones you want.

Roof down

301 posts

125 months

Thursday 16th April 2020
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DeuceDeuce said:
Ferrari California T
5,400 miles - 2016
UNSOLD @ £88,500 (plus 6% buyer fee)

Ferrari FF
19,000 miles - 2015
SOLD £90,750 (plus 6% buyer fee)
So one has to ask with over 100 or so for sale, just what are Cali T worth, unless the man says yes nothing’s worth anything .
Would 60k buy it? I suspect it just might, what with known transmission problems etc .


johnnyreggae

2,930 posts

159 months

Thursday 16th April 2020
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[quote=Roof down]known transmission problems etc .[quote]

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

MDL111

6,893 posts

176 months

Thursday 16th April 2020
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johnnyreggae said:
Roof down]known transmission problems etc .[quote said:
Do you have any evidence other than early non-T ?
Never spent time researching Calis, but I thought the transmission issue was mostly an early FF issue due to first V12 application (mine already had gearbox leaks/issues or some such fixed on 2 occasions - for once an item the Ferrari warranty covered as opposed to every other thing that breaks regularly)

Drclarke

1,185 posts

172 months

Thursday 16th April 2020
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I have been looking at the Collecting Cars site, there is nothing that interests me for sale at the moment. But it struck me.

You are paying six percent from nothing more than them hosting your advert on their website, they try and say no fees for sellers. But you are losing 6% of your total sale price as buyers will factor this in when bidding for nothing more than Autotrader do for £20!!

Buyers, you are paying six percent for buggerall. Private sales, sold as seen!

What a business model, I bet the people behind it can’t believe that they are getting away with it and laughing at their users all the way to the bank!


PS2018

323 posts

72 months

Thursday 16th April 2020
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i agree the 6% is high, think they write the description for you? and host 100-200 photos, but yes, if autotrader enabled eg 100 photos to be uploaded rather than is it 20 maximum or so? then they could copy their business model to some extent. not sure youd need 100 photos of a £1k ford fiesta but you get my point.
as for the transactions so far, to the point made by 21ATS above, it looks to me, from where a handful of cars have subsequently appeared again, that traders are both buying and selling on the platform.

Calculator

743 posts

214 months

Thursday 16th April 2020
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I like the concept but the fees are too high.

cayman-black

12,625 posts

215 months

Thursday 16th April 2020
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Drclarke said:
I have been looking at the Collecting Cars site, there is nothing that interests me for sale at the moment. But it struck me.

You are paying six percent from nothing more than them hosting your advert on their website, they try and say no fees for sellers. But you are losing 6% of your total sale price as buyers will factor this in when bidding for nothing more than Autotrader do for £20!!

Buyers, you are paying six percent for buggerall. Private sales, sold as seen!

What a business model, I bet the people behind it can’t believe that they are getting away with it and laughing at their users all the way to the bank!
Absolutely ! California is very pricey right now.

Trevor555

4,405 posts

83 months

Thursday 16th April 2020
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Other auctions charge their fees, BCA, Manheim etc..

But they guarantee you title to the car or your money back.

This site is merely connecting you with a seller and not giving any guarantees of any sort?

If that's how it is then 6% is too high.

johnnyreggae

2,930 posts

159 months

Thursday 16th April 2020
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Surely BCA Manheim etc are trade only so the 6 % should be compared with other public auctions none of whom at a guess guarantee title either as far as I know but do charge from 10-20 %

Drclarke

1,185 posts

172 months

Thursday 16th April 2020
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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.


p4cks

6,885 posts

198 months

Thursday 16th April 2020
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It's actually not a bad idea, and it's certainly something different than trawling through knackers on eBay and the like.


Cheib

23,110 posts

174 months

Thursday 16th April 2020
quotequote all
21ATS said:
What is the status of a trader selling on Collecting Cars?

It's interesting that each listing is clearly stated as private or trade and the auction nature of the site would suggest you're buying at an auction. But it's not entirely clear what the status of the sale is for the end user. Is it a sold as seen no comback scenario like a B&M hammer down auction or is it simply considered an advertising medium like eBay or Autotrader?

It crossed my mind this week when I noticed KHPC (previously The Ferrari Centre) listing cars as a "trade" seller. (Seller name Roger C).

In that case are you buying from auction or are you buying from KHPC, as collecting cars doesn't handle the financial transaction - they just take commission and the bid is dealt with between parties privately outside of the platform.

So if you're buying from a private seller it's the usual no comeback caveat emptor - but what about buying from a trade seller?
I hadn’t realised Trade were selling on there too...I was thinking they suddenly seem to have a lot of cars coming up for sale. Interesting with some cars like the Brown 911 you can see it on the dealers website still.

For a trade buyer I can see the attraction despite what people say about BCA etc. I think they will get better prices as I would think the buyers are almost always private judging by some of the prices achieved so will be higher than a BCA auction I would think. The brown 911 above is not a car that would do well at auction so it’s probably the best exit for a car that has been around a long time.

Mustang Baz

1,632 posts

233 months

Thursday 16th April 2020
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Interesting article in Evo on this website which does provide additional insight as to the "value-add" the site does add.

Side point - 7 mins to go on this Nomad! https://collectingcars.com/for-sale/2016-ariel-nom...



AyBee

10,522 posts

201 months

Thursday 16th April 2020
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That FF was lovely. Just goes to show what market for them is right now. Cheapest 2015 FF on PH is £120k. Yes, there are the obvious buying from the trade benefits on PH, but I doubt that's worth £24k!
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