How long till the Β£20k Evora?

How long till the Β£20k Evora?

Author
Discussion

Ryvita

589 posts

167 months

Wednesday 10th June
quotequote all
blueg33 said:
Surely that only applies if you own a BMW320d or the other supercar an Audi of any flavour?
The only Audi I've ever owned was a £900 Princess Di spec Cabriolet. Also blue. smile

Back on topic, I'm watching this auction with interest. Finishes up this evening, thirty-nine bids so far, standing at 21.5K. Blace your bets now on where it will finish. If it goes for under thirty it's a bargain (It's an S, and it's had the clutch and gearbox work.)

https://collectingcars.com/for-sale/2011-lotus-evo...

blueg33

24,320 posts

181 months

Wednesday 10th June
quotequote all
I am also watching. My guess is circa £30k Top

Market for Evoras is a bit slow at present.

Edited by blueg33 on Wednesday 10th June 14:24

Pedal_Loud

837 posts

216 months

Wednesday 10th June
quotequote all
Ryvita said:
blueg33 said:
Surely that only applies if you own a BMW320d or the other supercar an Audi of any flavour?
The only Audi I've ever owned was a £900 Princess Di spec Cabriolet. Also blue. smile

Back on topic, I'm watching this auction with interest. Finishes up this evening, thirty-nine bids so far, standing at 21.5K. Blace your bets now on where it will finish. If it goes for under thirty it's a bargain (It's an S, and it's had the clutch and gearbox work.)

https://collectingcars.com/for-sale/2011-lotus-evo...
I'm also watching with interest, it my car.. :-)

Should be interesting!!

Ryvita

589 posts

167 months

Wednesday 10th June
quotequote all
Pedal_Loud said:
I'm also watching with interest, it my car.. :-)

Should be interesting!!
Best of luck! I'd love to be bidding but I suspect it's soon to go above my price-range. smile What made you decide togo for an auction sale?

Pedal_Loud

837 posts

216 months

Wednesday 10th June
quotequote all
Ryvita said:
Best of luck! I'd love to be bidding but I suspect it's soon to go above my price-range. smile What made you decide togo for an auction sale?
I was going to put it on Autotrader with a good until sold ad but I'd been seeing a few of these more prestige specialist auction sites spring up. I like the fact they do a decent description and offer a lot of photos to give buyers confidence - something many more popular for sale sites don't.

Not particularly in a rush to sell but its time for a change so selling it this way (hopefully quickly) seems like a good idea. Also, as a seller its free...

Ryvita

589 posts

167 months

Wednesday 10th June
quotequote all
Pedal_Loud said:
I was going to put it on Autotrader with a good until sold ad but I'd been seeing a few of these more prestige specialist auction sites spring up. I like the fact they do a decent description and offer a lot of photos to give buyers confidence - something many more popular for sale sites don't.

Not particularly in a rush to sell but its time for a change so selling it this way (hopefully quickly) seems like a good idea. Also, as a seller its free...
Interesting. I've not seen this particular auction format before, but I would agree that the write up and pictures do a good job of informing buyers and displaying the car's merits. Is there a reserve set? Does the system provide opportunity for questions and answers between bidder and seller or is it sold as seen? It's got to have a fee structure somewhere, so is that loaded onto the buyer, or is it a commission % out of the seller? Is the payment escrowed at auction close or is it ebay style with the buyer able to back out at any point up to the hand-over?

Pedal_Loud

837 posts

216 months

Wednesday 10th June
quotequote all
Ryvita said:
Interesting. I've not seen this particular auction format before, but I would agree that the write up and pictures do a good job of informing buyers and displaying the car's merits. Is there a reserve set? Does the system provide opportunity for questions and answers between bidder and seller or is it sold as seen? It's got to have a fee structure somewhere, so is that loaded onto the buyer, or is it a commission % out of the seller? Is the payment escrowed at auction close or is it ebay style with the buyer able to back out at any point up to the hand-over?
There is a reserve set yes, although it's likely to be lowered later! If it doesn't sell I believe it goes to the buy now tab.
Q&A - yes within the bidding section at the bottom of the screen, as the seller I get e-mailed when a new question is posted.
Buyer pays 6% of purchase price immediately to Collecting Cars when the auction ends - there are some high/low thresholds.
No payment is escrowed, the transaction then becomes a private sale with CC introducing the buyer, presumably based on the assumption that the buyer having paid the 6% will be invested enough to complete the purchase.
So far the experience has been very good, supported with personal account management and reassurances that most transaction complete accordingly etc.

Ryvita

589 posts

167 months

Wednesday 10th June
quotequote all
Christ, 6%? That's a hell of an "introduction fee" for the right to buy a car. £1800 on a £30K purchase. I guess it works though if, as you say, it's been a good experience so far and they certainly have some nice machinery up currently.

I notice you've got the highest number of bids of any sales on their site currently. I hope that means you've got lots of eager fish in the water competing for the bait!

Camping out for 9PM.




bencollins4

463 posts

163 months

Wednesday 10th June
quotequote all
Pedal_Loud said:
I was going to put it on Autotrader with a good until sold ad but I'd been seeing a few of these more prestige specialist auction sites spring up. I like the fact they do a decent description and offer a lot of photos to give buyers confidence - something many more popular for sale sites don't.

Not particularly in a rush to sell but its time for a change so selling it this way (hopefully quickly) seems like a good idea. Also, as a seller its free...
Although free in theory, surely any buyer would take in to account the buyers fee, and look to pay circa 6% less or include it in their bid. In effect, surely the seller then sees 6% less as well?

Either way, an interesting concept and so long as they are reasonable with the reserve they let you set, then there are no losers, especially if you get a quick sale.

Guess there are contracts in place to stop buyers tracking down sellers and saving on the fee?!

Best of luck with the sale (even though I've already said that on FB) and I too shall be watching with interest.

Fingers crossed a few bidders get over excited!

Ryvita

589 posts

167 months

Wednesday 10th June
quotequote all
15 minutes to go and it's at 23k.

The website has an anti-snipe feature that adds two minutes to the time if any bid is placed in the last seconds.

hyphen

16,819 posts

47 months

Wednesday 10th June
quotequote all
Ryvita said:
Christ, 6%? That's a hell of an "introduction fee" f
I imagine anyone who isnt ebay, will have to do a lot of marketing for people to even know they exist. So need the money.

Pedal_Loud

837 posts

216 months

Wednesday 10th June
quotequote all
Ryvita said:
15 minutes to go and it's at 23k.

The website has an anti-snipe feature that adds two minutes to the time if any bid is placed in the last seconds.
Well that was fun!

bencollins4

463 posts

163 months

Wednesday 10th June
quotequote all
Does it go to 'buy it now', now? Helpful comment from someone near the end....

Ryvita

589 posts

167 months

Wednesday 10th June
quotequote all
Auction finished after two extensions at £25,500... Four bidders shooting for it. I am surprised, I thought it would have gone at least a few k higher than that.

May not have made the reserve but if it did that is a surprising price for an S.

Ryvita

589 posts

167 months

Wednesday 10th June
quotequote all
Pedal_Loud said:
Well that was fun!
:S How's the heart rate. The extending feature makes for a nervous watch!

Edit: I see it's showing as unsold. frown My commiserations.

Edited by Ryvita on Wednesday 10th June 21:14

saaby93

26,953 posts

135 months

Wednesday 10th June
quotequote all
ebay should have that add 2 minutes feature too yes

hyphen

16,819 posts

47 months

Wednesday 10th June
quotequote all
What is the extended time feature?

BertBert

14,020 posts

168 months

Wednesday 10th June
quotequote all
hyphen said:
What is the extended time feature?
Ryvita said:
The website has an anti-snipe feature that adds two minutes to the time if any bid is placed in the last seconds.
I think it's for any bid placed within the last two minutes. It resets the time to go to 2 minutes giving any other bidders time to respond. It's very exciting to watch!
Bert

fastraxx

7,935 posts

60 months

Wednesday 10th June
quotequote all
Ryvita said:
Auction finished after two extensions at £25,500... Four bidders shooting for it. I am surprised, I thought it would have gone at least a few k higher than that.

May not have made the reserve but if it did that is a surprising price for an S.
Yes
Shows what people are willing to pay which is probably the true price right now

blueg33

24,320 posts

181 months

Wednesday 10th June
quotequote all
fastraxx said:
Ryvita said:
Auction finished after two extensions at £25,500... Four bidders shooting for it. I am surprised, I thought it would have gone at least a few k higher than that.

May not have made the reserve but if it did that is a surprising price for an S.
Yes
Shows what people are willing to pay which is probably the true price right now
Not convinced that is indicative of the market, I know for a fact that people are talking £35k for an S post 2012