Real Good Number Plates vol 5
Discussion
Cliftonite said:
Do like a nice single letter plate, I'd imagine 400 W will go for a fair bit over the reserve.Any of our experts on here have an idea what any of these would go for?
The reserves are almost entirely pointless at these auctions. I wonder how many people go through the palaver of signing up and registering to think the reserve price is some indication of what a plate will sell for. I have seen clear 5 figure plates advertised with a reserve of £500. It's nonsense.
Shnozz said:
The reserves are almost entirely pointless at these auctions. I wonder how many people go through the palaver of signing up and registering to think the reserve price is some indication of what a plate will sell for. I have seen clear 5 figure plates advertised with a reserve of £500. It's nonsense.
Yeh I must admit, I made that mistake last year for a 4 digit plate that was just 1 number away from my own 1 ABC type number. Thought I'd have it on my wife's car- £2200 reserve, went for about £6k inclusive. Shnozz said:
The reserves are almost entirely pointless at these auctions. I wonder how many people go through the palaver of signing up and registering to think the reserve price is some indication of what a plate will sell for. I have seen clear 5 figure plates advertised with a reserve of £500. It's nonsense.
You only need two determined bidders and the price can go through the roof , don’t complain though it ends up in the government coffers .Lower the reserve and the more interest will be shown , can’t see a thing wrong with that strategy.
Dinoboy said:
Yeh I must admit, I made that mistake last year for a 4 digit plate that was just 1 number away from my own 1 ABC type number. Thought I'd have it on my wife's car- £2200 reserve, went for about £6k inclusive.
That isn't as mad as I have seen some to be fair. I won a plate about 3 months ago that had a reserve of about £500. By the time VAT, fees etc were added it was about ten times the reserve. Even on the very expensive numbers you see a reserve of a few grand and anyone "close" enough to plates to be bidding at an auction would realise itw as worth £30k upwards etc. The reserve process may as well not be there and I would be shocked if the seller of any of these plates would truly let them go for a few grand on a £20k - £50k plate if for reasons unknown the world didn't show up at the auction and one sole bidder hoovered up all for a bag of buttons.
Buster73 said:
You only need two determined bidders and the price can go through the roof , don’t complain though it ends up in the government coffers .
Lower the reserve and the more interest will be shown , can’t see a thing wrong with that strategy.
I simply don't see much point in entirely unrealistic reserves. Garnering more interest is only of benefit if its a realistic proposition as a potential purchaser.Lower the reserve and the more interest will be shown , can’t see a thing wrong with that strategy.
CRA1G said:
Hurricane52 said:
Ace plate. Saw CHR 1S way back in the early eighties at Dingley Races on a gold Rolls Royce Corniche. Inspired by this sighting, my mum bought a cheapo plate FFR 1S. I never really understood why, but we kept it, even after she passed away twenty years ago. It’s now on my wife’s Alfa.
"CHR 1S" wasn't sold until December 92 for £40K + VAT Etc... "CRA 1C" was £12400 + VAT Etc in January 02 Nice to see it displayed correctly now as it's not always been as it's given me a little hassle on occasions..
Shnozz said:
I simply don't see much point in entirely unrealistic reserves. Garnering more interest is only of benefit if its a realistic proposition as a potential purchaser.
Folk get carried away when buying at auction, it’s a well known fact , it could be the case of a lower reserve price is enough to tempt more in to bid , the nett price paid is more down to two or more determined buyers , the gavel price is irrelevant to everyone else.If you wanted a certain plate and were prepared to pay any price is the reserve price really an issue ?
Gassing Station | General Gassing | Top of Page | What's New | My Stuff