How long till the Β£20k Evora?

How long till the Β£20k Evora?

Author
Discussion

saaby93

26,942 posts

135 months

Wednesday 10th June
quotequote all
BertBert said:
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
some of the early competitors to ebay used to have it.
It makes it more like a real auction where if a late bid comes in it can set off a further round of bidding

Ryvita

588 posts

167 months

Thursday 11th June
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fastraxx said:
Yes
Shows what people are willing to pay which is probably the true price right now
So the offer was £25,500 which, with the auction fees, means £27,030.

If that's how much a well-presented S is worth how come only one S has been on sale in the last six months for under £30K? (It was £29,980.) As a potential buyer I'd be delighted if prices had dropped by 3K, but they haven't.

In a seller's market where there are few assets available and multiple buyers (four were bidding on this), the seller controls what the true price is. For whatever reason, sellers are not dropping their prices yet. I've only seen four instances of price drops on cars watched so far; it's rare.

Pedal_Loud

837 posts

216 months

Thursday 11th June
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Would love to say its that complex but to me it isn't.

I simply scraped all Evora prices from AT and PH then estimated what I think it's worth. Factored in the 6%, dropped a bit more and set the reserve.

30k is the challenging area for S's it seems. Do they finally fall below etc? I think they do but not by much.

I'm in no hurry to sell and think the guys at Collecting Cars handled things really well vs eBay or any other non-personal car sale site with hardly any pictures.

plenty

3,004 posts

143 months

Thursday 11th June
quotequote all
I sold my 2011 S for £32k in Jan. Albeit it had Komo-tec modifications, brand-new clutch and the gearbox had just been rebuilt.

I monitor Collecting Cars closely. Sometimes their prices exceed expectations and sometimes they fall well short. As the auction is time-limited to a week without an extension, you are constrained to the pool of buyers who happen to be ready to buy that particular week.

Ryvita

588 posts

167 months

Thursday 11th June
quotequote all
Pedal_Loud said:
I'm in no hurry to sell and think the guys at Collecting Cars handled things really well vs eBay or any other non-personal car sale site with hardly any pictures.
One thing I wasn't sure of - Does the potential buyer still pay the fee if the sale doesn't meet the reserve? I presume not, that would seem pretty predatory!

It's a slick operation they're running. I'd consider it the next time I'm selling certainly, though I'm not sure they'd be interested in my jallopy. smile

[Unrelated, I notice from your bio that you Youtube and are Berkshire based. Can I pimp a friend at you? Lives in Reading and is trying to build their channel: Pedalbox.show I've helped out on a few videos and my 944 has featured. smile]


Edited by Ryvita on Thursday 11th June 10:32

hyphen

16,751 posts

47 months

Thursday 11th June
quotequote all
Ryvita said:
In a seller's market where there are few assets available and multiple buyers (four were bidding on this), the seller controls what the true price is.
The seller cannot control the price if substitutes are available.



jimmsy

158 posts

84 months

Thursday 11th June
quotequote all
This is interesting:

https://www.autotrader.co.uk/classified/advert/201... unsold for a while and https://collectingcars.com/for-sale/2012-lotus-evo...

Wonder what the reserve will be on that. I can see it stopping mid-20s with the reserve not met.

plenty

3,004 posts

143 months

Thursday 11th June
quotequote all
Ryvita said:
One thing I wasn't sure of - Does the potential buyer still pay the fee if the sale doesn't meet the reserve? I presume not, that would seem pretty predatory!
No, the buyer's fee is only applicable if the sale goes through. They take the buyer's credit card up front so if you win the auction you are committed to purchase.

Re the IPS car, I've seen more and more dealers using CC to dispose of stock. I'm not clear whether dealer protections still apply if bought through CC or whether it's equivalent to a private sale.

SFTWend

184 posts

32 months

Thursday 11th June
quotequote all
plenty said:
No, the buyer's fee is only applicable if the sale goes through. They take the buyer's credit card up front so if you win the auction you are committed to purchase.

Re the IPS car, I've seen more and more dealers using CC to dispose of stock. I'm not clear whether dealer protections still apply if bought through CC or whether it's equivalent to a private sale.
My understanding is that it's an auction sale so no warranty etc. During lockdown this has been a useful way for dealers to clear some stock and in many cases they have achieved quite high sale figures.

There is a Collecting Cars thread under the Supercars section. Most were expecting to see bargains post lockdown but the opposite has happened; people who have been earning and can't spend appear to be getting carried away online and in some cases bid higher than the cars were previously being advertised for on the likes of AT and PH. So a good time to sell as surely prices will take a tumble once a potentially deep recession starts to bite?

Maybe the mileage affected bid level on the blue car as dealers have had c.30k miles S models for a little over £30k. Many buyers will not have done their research re clutch or gearbox. I knew about cost of clutch replacement but was not aware of gearbox issues with the S model. Just linkage on early cars. Does the fact the car coming up on CC is an IPS make it more or less desirable? Manual gearboxes are fetching a premium for many makes/models right now.

rhdv8

89 posts

162 months

Thursday 11th June
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I’m sure I read somewhere that once the auction has ended they act as an introduction service to bring the parties together to do the actual sale. So that would mean in the case of a trade sale you would still have the benefits and rights of buying from the trade? After all you only ever pay collecting cars the 6% which they take as commission rather than as part payment for the car itself.

BertBert

14,011 posts

168 months

Thursday 11th June
quotequote all
rhdv8 said:
I’m sure I read somewhere that once the auction has ended they act as an introduction service to bring the parties together to do the actual sale. So that would mean in the case of a trade sale you would still have the benefits and rights of buying from the trade? After all you only ever pay collecting cars the 6% which they take as commission rather than as part payment for the car itself.
That's a good point. There was a thread in SP&L about someone who wanted to cancel their auction purchase then found out the seller was trade and didn't like buying from trade effectively selling privately - so had a good reason to cancel. The auction-house wasn't mentioned so it could have been CC or not. "normal" car auctions are cars sold without the protections. Not sure about CC though.
Bert

BertBert

14,011 posts

168 months

Thursday 11th June
quotequote all
And I'm probably not allowed to say this, but I am contemplating selling my GT3 through CC and going Evora as I fancy a change.

And to keep it on topic, I am torn with whether to go for a nearly new 410 or go for an older S at 30k!

Bert

Pedal_Loud

837 posts

216 months

Thursday 11th June
quotequote all
BertBert said:
And I'm probably not allowed to say this, but I am contemplating selling my GT3 through CC and going Evora as I fancy a change.

And to keep it on topic, I am torn with whether to go for a nearly new 410 or go for an older S at 30k!

Bert
Well be quick if you want mine!

BertBert

14,011 posts

168 months

Thursday 11th June
quotequote all
Pedal_Loud said:
Well be quick if you want mine!
Sadly I don't think that's going to happen. It's going to take too long to get the GT3 sold for a quick buy!

TdM-GTV

113 posts

174 months

Monday 15th June
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Partially on topic, I'm now the proud owner of the car that OP managed to save up and buy in the end. This thread is quite a nice link to it's past.

It's still nowhere near a 20k car though.

blueg33

24,306 posts

181 months

Monday 15th June
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Pics?

TdM-GTV

113 posts

174 months

Monday 15th June
quotequote all
blueg33 said:
Pics?
Not a great picture but it's no longer clean 😅

blueg33

24,306 posts

181 months

Monday 15th June
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TdM-GTV said:
Not a great picture but it's no longer clean ??
Looks good.

giveitfish

Original Poster:

3,399 posts

171 months

Monday 15th June
quotequote all
TdM-GTV said:
Partially on topic, I'm now the proud owner of the car that OP managed to save up and buy in the end. This thread is quite a nice link to it's past.

It's still nowhere near a 20k car though.
Awesome! Hope you’re loving it cool

The Wookie

12,208 posts

185 months

Tuesday 16th June
quotequote all
giveitfish said:
TdM-GTV said:
Partially on topic, I'm now the proud owner of the car that OP managed to save up and buy in the end. This thread is quite a nice link to it's past.

It's still nowhere near a 20k car though.
Awesome! Hope you’re loving it cool
+1 Great car