RE: Luxury And Performance Under The Hammer

RE: Luxury And Performance Under The Hammer

Author
Discussion

Mr serge

197 posts

183 months

Monday 26th September 2011
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Fun Bus said:
Me too - I still miss V8Mate(?) and his auction reports.
where did v8mate get to?

bmthnick1981

5,311 posts

217 months

Monday 26th September 2011
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Fun Bus said:
Me too - I still miss V8Mate(?) and his auction reports.
Yep, they were good.

h0b0

7,616 posts

197 months

Monday 26th September 2011
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Mr serge said:
where did v8mate get to?
The auction house he worked for asked him to stop writing the reports

Toffer

1,527 posts

262 months

Monday 26th September 2011
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Thank you for the interesting report! smile

mercfunder

8,535 posts

174 months

Monday 26th September 2011
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cronk-flakes said:
What kind of dick throws paint stripper on a car?!?
Partners of people caught cheating generally.

silversixx

140 posts

212 months

Monday 26th September 2011
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Mr serge said:
probably bidding up his own cars
Hahaha, yeah that did occur to me wink

silversixx

140 posts

212 months

Monday 26th September 2011
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Tyson1980 said:
Can any old sod walk into one of these auctions and start bidding???

How does one go about getting a headsup on these types of auctions??
Ta
Yep, anyone can bid. Although if yours is the highest bid and it's accepted then you'll have to pay a deposit on the spot if you're not registered.

We did a brief preview of this auciton last week - although the two Lambos turned up at the eleventh hour, after the preview. Other than that, keep an eye on BCA's website. That said, of course there are other auction houses out there...

There can be good deals to be had, but generally at high profile auctions like BCA you'll get a lot of canny dealers bidding good money on popular cars which they know they've a good chance of shifting reasonably quickly.

legalknievel

352 posts

198 months

Monday 26th September 2011
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1999 Bentley Arnage Red Label, 60,000 miles, £17,000 (provisional)

One careful lady owner. Only went to the shops once a week, and of course, to church.

And three gumballs, probably! Still a mind boggling price, though.

Fun Bus

Original Poster:

17,911 posts

219 months

Monday 26th September 2011
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mike88 said:
Doesnt cost £18k to paint a car, even if the whole thing was stripped. I call BS.
Whilst I'm inclined to agree, I'd like to play devils advocate if I may. Paint stripper on, say, 50% of the car: Preparation, stripping labour followed by labour for painting and then rebuilding must be huge surely? Then add paint and parts (minimal parts I suppose). I've just had £4k spent on my car at a BMW bodyshop and was for a lot less paint (I'll admit it had a new rear bumper).

Not saying I'm right, just a little debate on it.

Thom987

3,185 posts

167 months

Monday 26th September 2011
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I think most of the prices were quite strong.

williamp

19,263 posts

274 months

Monday 26th September 2011
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silversixx said:
Fun Bus said:
I'm struggling to understand how the Testarossa found it's way into the auction? Surely with the mileage and history, a main dealer or prestige dealer would have found it first?

Unless the owner put it through the block avoiding the dealer route purposely.
Me too. It was one of those cars where you had to look hard to find any faults. Mind you, aside from the slightly baggy 360 Spider all the supercars looked in good fettle.
I bet I can guess: company reposessions. It was not unknown during the boom years for a company to own a classic with had an asset "value" of £x on the company books, which the company owner kept at home/used. When the company goes bang, the cars get repossessed and sold at auction- then the creditors realise the cars are over valued.

I have seen a ropey Jensen Interceptor "valued" at over £100k and an Aston Vanquish waiting to be sold off. Mysteriously, just before reposession the Aston lost its engine and gearbox...

Dodgier then a fairground of dodgems driven by Arthur Dailey impersonators, but it does mean there are some bargains to be had.

GeeTeaEye

34 posts

181 months

Monday 26th September 2011
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"mike88 said:
Doesnt cost £18k to paint a car, even if the whole thing was stripped. I call BS.
Whilst I'm inclined to agree, I'd like to play devils advocate if I may. Paint stripper on, say, 50% of the car: Preparation, stripping labour followed by labour for painting and then rebuilding must be huge surely? Then add paint and parts (minimal parts I suppose). I've just had £4k spent on my car at a BMW bodyshop and was for a lot less paint (I'll admit it had a new rear bumper).

Not saying I'm right, just a little debate on it."

If its a CAT D it will be a constructive total loss. What forces performance cars into this category is the crippling cost of car hire.

So, someone with an RS4 will expect the insurers to provide car hire on a like for like basis. The cost of hiring something similar (M3, C63 etc) will probably be circa £500 - £600 per day.

These costs, together with the cost of repair will make it a CAT D.

johnpeat

5,328 posts

266 months

Tuesday 27th September 2011
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Categories are used by Insurance Companies to screw their customers - the presence of a Cat D or C says nothing whatsoever about the nature or severity of the damage and and much more about the deal they did with the customer.

Prestige cars which are written-off and resold as salvage by insurers will not be Categoried UNLESS the damage is major. This is simply because the insurance company wants to maximise it's profit and not 'categorying' the car will help with that - light/med hit write-off Porsches, Mercs, Audis, BMWs etc. are sent to be repaired with no recorded history and end-up back in showrooms every single day. Check salvage sites for evidence aplenty...

Where an owner indicates they'd like to buy the car back as part of the settlement tho (not uncommon) categories are ALWAYS applied - insurers say this is to "protect people from being sold cars with a hidden history" but the reality is that they're just screwing their customer - given they have no qualms about people buying their salvage which they leave unrecorded.

The only way to be sure about damage is to ask the then-owner - and hope they tell you the truth!! A lot of people will photograph the car before and after so that they can explain away the category.

Paint and Paint Stripper attacks were a major source of work in the bodyshop I worked in - from random idiots to aggrieved ex's we had a stream of cars which varied from a can of stripper over the roof to a full workover including smashing windows and throwing gloss paint outside and in!

Paint Stripper is a swine of a thing - once a panel has been coated in it, you cannot repaint it without a LOT of preparation work - which means the job tends to be costly. It splashes around too - one small bottle can easily ruin a roof/bonnet/side panels/doors and lead to a total respray being required.

The Gloss Painted car (a Puma) was so thorough;t worked-over that we had to replace the interior including the dash/panels/seats/trim because you can't remove gloss paint from fabric and the paint had gotten into the air vents, wiring, clocks, radio, gear linkage - the lot...

Edited by johnpeat on Tuesday 27th September 04:04

johnpeat

5,328 posts

266 months

Tuesday 27th September 2011
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6 cambelt changes in 6000 miles - holy moly!

johnpeat

5,328 posts

266 months

Tuesday 27th September 2011
quotequote all
GeeTeaEye said:
So, someone with an RS4 will expect the insurers to provide car hire on a like for like basis. The cost of hiring something similar (M3, C63 etc) will probably be circa £500 - £600 per day.
Almost no insurer will do that and those who do will be charging silly premiums.

Flash car owners get a Ka/Punto/Corsa like every else and like it - but the cost can still rack-up.

Audi prices to repair an RS aren't likely to be cheap and insurers work on full MRRP for parts, full hourly rate for labour, full scale hours for the work and all prep etc. etc.

rash_decision

1,387 posts

178 months

Tuesday 27th September 2011
quotequote all
Some of those Auction prices don;t seem like such a bargain for the risk involved. I would rather have a test drive and a good thorough inspection of a car of such caliber as those going through the sale. And I notice at the bottom af the write up that all prices are "exclusive" of buyer's premium and VAT.

XJSsometimeSoon

378 posts

160 months

Tuesday 27th September 2011
quotequote all
johnpeat said:
Categories are used by Insurance Companies to screw their customers - the presence of a Cat D or C says nothing whatsoever about the nature or severity of the damage and and much more about the deal they did with the customer.

Prestige cars which are written-off and resold as salvage by insurers will not be Categoried UNLESS the damage is major. This is simply because the insurance company wants to maximise it's profit and not 'categorying' the car will help with that - light/med hit write-off Porsches, Mercs, Audis, BMWs etc. are sent to be repaired with no recorded history and end-up back in showrooms every single day. Check salvage sites for evidence aplenty...

Where an owner indicates they'd like to buy the car back as part of the settlement tho (not uncommon) categories are ALWAYS applied - insurers say this is to "protect people from being sold cars with a hidden history" but the reality is that they're just screwing their customer - given they have no qualms about people buying their salvage which they leave unrecorded.

The only way to be sure about damage is to ask the then-owner - and hope they tell you the truth!! A lot of people will photograph the car before and after so that they can explain away the category.

Paint and Paint Stripper attacks were a major source of work in the bodyshop I worked in - from random idiots to aggrieved ex's we had a stream of cars which varied from a can of stripper over the roof to a full workover including smashing windows and throwing gloss paint outside and in!

Paint Stripper is a swine of a thing - once a panel has been coated in it, you cannot repaint it without a LOT of preparation work - which means the job tends to be costly. It splashes around too - one small bottle can easily ruin a roof/bonnet/side panels/doors and lead to a total respray being required.

The Gloss Painted car (a Puma) was so thorough;t worked-over that we had to replace the interior including the dash/panels/seats/trim because you can't remove gloss paint from fabric and the paint had gotten into the air vents, wiring, clocks, radio, gear linkage - the lot...

Edited by johnpeat on Tuesday 27th September 04:04
Something like this happened where I used to Work. A guy was unfairly sacked for a job being screwed up, the company I worked for does a lot of chemical testing and have lots of tasty solvents in stock. One solvent called dichloromethane is found quite heavily diluted in paint strippers (roughly 20 %), anyway a full 2.5 litre winchester of DCM was poured over the bosses 6 series, within about 20 mins the paint was peeling off to total bare metal. After he got it back from the repairers the finish looked fantastic, however a week later the paint was beginning to bubble, looked like neat chemicals are harder to remove !!

mak

1,437 posts

227 months

Tuesday 27th September 2011
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Tyson1980 said:
Can any old sod walk into one of these auctions and start bidding???

How does one go about getting a heads up on these types of auctions??
Ta
Just google the auction and make yourself an account via email then you get the hole stock list of cars , dates and so fourth so you can pick the auction that's worth going to.
But be very self disciplined if your bidding, i bid on an rs4 ( saloon) about 4 months ago, it started at £17500 and i ended up with the winning bid at £21700, after costs ( £8-900) it turned out to be not such a bargain, the car didn't meet the reserve so they didn't except my offer and i have to say after my cooling off period i was quite glad :-).

Backtobasics

1,182 posts

184 months

Tuesday 27th September 2011
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How old was the a8 w12 out of interest

legalknievel

352 posts

198 months

Tuesday 27th September 2011
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rash_decision said:
Some of those Auction prices don;t seem like such a bargain for the risk involved. I would rather have a test drive and a good thorough inspection of a car of such caliber as those going through the sale. And I notice at the bottom af the write up that all prices are "exclusive" of buyer's premium and VAT.
Spoilsport! smile