Aeon Epona

[Frankthered]

singlecoil said:

andygtt said:

I have to say IMO its the buyer who sets the price... it might be annoying that the buyer has to start the bidding, but when pricing an unknown its often the only way.

I don't follow the logic of that. How can the buyer set the price, as it isn't the buyer who makes the decision as to whether or not the price is accepted? For instance, supposing I want to buy a cake at the market. I say to the seller £3. Seller says £5. I either accept or I don't. But it's the seller that sets the price, because it is the seller's property.

Now, if the seller finds that no-one wants to buy his cake for £5, he will have to reduce the price. But what has happened in the meantime is that interested persons have had their time wasted. If the seller wasn't going to let it go for less than £5, why not say so in the first place? How many cake sellers do you know that ask for sensible offers, or sellers of virtually anything for that matter?

You do realise, of course, that you are both correct. The buyer will only pay what the buyer is prepared to pay for the item and the seller will only sell at a price that the seller finds acceptable. And how you arrive at the agreement is (for some at least) the fun part.

Putting a figure on the value of IP is really, really difficult. Clearly, if the seller tried to cost in all the time and effort he's spent on the project, he'd come up with a price that nobody in their right mind would pay, but he wants to recoup as much as possible.

If it was me, I'd try fleaby, set the start at the value of the tangible assets (rolling chassis, etc.) maybe plus a little for the IP, and set a reserve quite a bit higher and see what happens.

[groomi]

Frankthered said:

singlecoil said:

andygtt said:

I have to say IMO its the buyer who sets the price... it might be annoying that the buyer has to start the bidding, but when pricing an unknown its often the only way.

I don't follow the logic of that. How can the buyer set the price, as it isn't the buyer who makes the decision as to whether or not the price is accepted? For instance, supposing I want to buy a cake at the market. I say to the seller £3. Seller says £5. I either accept or I don't. But it's the seller that sets the price, because it is the seller's property.

Now, if the seller finds that no-one wants to buy his cake for £5, he will have to reduce the price. But what has happened in the meantime is that interested persons have had their time wasted. If the seller wasn't going to let it go for less than £5, why not say so in the first place? How many cake sellers do you know that ask for sensible offers, or sellers of virtually anything for that matter?

You do realise, of course, that you are both correct. The buyer will only pay what the buyer is prepared to pay for the item and the seller will only sell at a price that the seller finds acceptable. And how you arrive at the agreement is (for some at least) the fun part.

Putting a figure on the value of IP is really, really difficult. Clearly, if the seller tried to cost in all the time and effort he's spent on the project, he'd come up with a price that nobody in their right mind would pay, but he wants to recoup as much as possible.

If it was me, I'd try fleaby, set the start at the value of the tangible assets (rolling chassis, etc.) maybe plus a little for the IP, and set a reserve quite a bit higher and see what happens.

Come on, this is PH. They can't both be correct!

[singlecoil]

groomi said:

Frankthered said:

singlecoil said:

andygtt said:

I have to say IMO its the buyer who sets the price... it might be annoying that the buyer has to start the bidding, but when pricing an unknown its often the only way.

I don't follow the logic of that. How can the buyer set the price, as it isn't the buyer who makes the decision as to whether or not the price is accepted? For instance, supposing I want to buy a cake at the market. I say to the seller £3. Seller says £5. I either accept or I don't. But it's the seller that sets the price, because it is the seller's property.

Now, if the seller finds that no-one wants to buy his cake for £5, he will have to reduce the price. But what has happened in the meantime is that interested persons have had their time wasted. If the seller wasn't going to let it go for less than £5, why not say so in the first place? How many cake sellers do you know that ask for sensible offers, or sellers of virtually anything for that matter?

You do realise, of course, that you are both correct. The buyer will only pay what the buyer is prepared to pay for the item and the seller will only sell at a price that the seller finds acceptable. And how you arrive at the agreement is (for some at least) the fun part.

Putting a figure on the value of IP is really, really difficult. Clearly, if the seller tried to cost in all the time and effort he's spent on the project, he'd come up with a price that nobody in their right mind would pay, but he wants to recoup as much as possible.

If it was me, I'd try fleaby, set the start at the value of the tangible assets (rolling chassis, etc.) maybe plus a little for the IP, and set a reserve quite a bit higher and see what happens.

Come on, this is PH. They can't both be correct!

I see what you mean, this being PH and all that, but actually I think that Frank is right, we are simply looking at the pricing problem from different points of view.

As to how best he should sell it, I'm inclined to agree with the ebay suggestion, though personally I would set the starting price at the bare minimum that I was prepared to accept, and no reserve. My reasoning is that people are put off if they think they can bid for something and still not get to buy it even if no-one else bids.

[Frankthered]

groomi said:

Frankthered said:

singlecoil said:

andygtt said:

I have to say IMO its the buyer who sets the price... it might be annoying that the buyer has to start the bidding, but when pricing an unknown its often the only way.

I don't follow the logic of that. How can the buyer set the price, as it isn't the buyer who makes the decision as to whether or not the price is accepted? For instance, supposing I want to buy a cake at the market. I say to the seller £3. Seller says £5. I either accept or I don't. But it's the seller that sets the price, because it is the seller's property.

Now, if the seller finds that no-one wants to buy his cake for £5, he will have to reduce the price. But what has happened in the meantime is that interested persons have had their time wasted. If the seller wasn't going to let it go for less than £5, why not say so in the first place? How many cake sellers do you know that ask for sensible offers, or sellers of virtually anything for that matter?

You do realise, of course, that you are both correct. The buyer will only pay what the buyer is prepared to pay for the item and the seller will only sell at a price that the seller finds acceptable. And how you arrive at the agreement is (for some at least) the fun part.

Putting a figure on the value of IP is really, really difficult. Clearly, if the seller tried to cost in all the time and effort he's spent on the project, he'd come up with a price that nobody in their right mind would pay, but he wants to recoup as much as possible.

If it was me, I'd try fleaby, set the start at the value of the tangible assets (rolling chassis, etc.) maybe plus a little for the IP, and set a reserve quite a bit higher and see what happens.

Come on, this is PH. They can't both be correct!

[fuoriserie]

An old thread on PH

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[finishing touch]

Hi All.

There's a bit more info on the locostbuilders thread now due to an edit.

Here's a C & P of Gaz's post:-

epona project

Hi all.

I have finally decided after much consideration to sell the Epona project. I simply have not got the time to continue it through to completion. (and i have a wedding to pay for)

I would love someone to take the project on and finish it as i have put allot of time and money into the project.

This is what you would get.

1:4 scale model of the design (ready to be scanned) any renderings of the design + website.

The rights to put it into production.

complete rolling chassis designed and built by aeon sportscars

four new shocks

ford zetec 1800 running 2lt cams (rebuilt by engineering firm)

zx9r carbs with boggs bros manifold

complete stainless exhaust system built by paul gooderham

new ali bell housing (rs 2000)

new type nine gearbox (long first gear)

ford lsd (sierra)

4 new 17 inch six spoke compomotive alloys with new toyo proxy tyres

new escort quick rack

new rally design pedal box

one pair of new corbeau bucket seats

new omd steering wheel + boss

willwood front brakes + disks (again new)

ali fuel tank built by paul gooderham

Images of most of this can be found on the "locost exterior design cont." thread and the "aeon" Epona thread.
there are allot of images in my photo archive or look on www.aeonepona.co.uk

At the moment i am not interested in breaking it for parts.

Thanks for all the interest in the project over the years and i hope it goes to a good home.

If there is no interest in the project i will break the car for parts and put it all on ebay.
i expect to get around £4,000 for the parts so as for the price of the project as a whole i am looking for offers in excess of that.

If someone is interested in just the design and not the car/parts i will consider selling separately.

many thanks.

Gaz.

This may clear up a point or two.
Cheers,
Paul G

[gaz 1977]

Hi all,

I am happy to say that the Epona project has been sold To Exceed Autocraft.

I am sure that they will do a cracking job of the car and i cant wait to see the first finished one in the next year.

Gaz

[GTRene]

good news, let the waiting begin

[GTRene]

http://www.exceedautocraft.co.uk/exceed-news

story said:

Exceed to develop and produce the Epona
Exceed Autocraft has bought the rights to produce the Epona from Aeon Sports Cars. We will still be working with Aeon and the designer of the Epona Garry Gooderham.

We have also bought the rights to manufacture the Aeon GT and plan to relaunch the GT2 at the Newark Kit Car Show in June 2011.

[singlecoil]

GTRene said:

http://www.exceedautocraft.co.uk/exceed-news

story said:

Exceed to develop and produce the Epona
Exceed Autocraft has bought the rights to produce the Epona from Aeon Sports Cars. We will still be working with Aeon and the designer of the Epona Garry Gooderham.

We have also bought the rights to manufacture the Aeon GT and plan to relaunch the GT2 at the Newark Kit Car Show in June 2011.

Presumably they are having a few difficulties?

[smiffy180]

So what happened to this?

[singlecoil]

smiffy180 said:

So what happened to this?

My guess it that it was realised to be economically a non-starter.

[smiffy180]

singlecoil said:

My guess it that it was realised to be economically a non-starter.

shame, it had so much potential.

I'm yet to see an aeon on the road too!

[jeffw]

There are very few around really. Aeon Sportscars (at least the owners of Aeon) primary business is Agriculture machinery (Sprayers with GPS positioning and so on) which are £100K + so this is very much a hobby business for them, hence the limited sales.

[singlecoil]

jeffw said:

There are very few around really. Aeon Sportscars (at least the owners of Aeon) primary business is Agriculture machinery (Sprayers with GPS positioning and so on) which are £100K + so this is very much a hobby business for them, hence the limited sales.

So there are some, then?

[tribbles]

There are NO Aeon Eponas (there's a few Aeon GT3s [and one GT2]). The design was passed on to another company whose name escapes me, and then it went very quiet.

[jeffw]

As has been said there are a number (small) of GT3 and one GT2

[mgbracer]

Does the thread have anything to do with this Ebay listing?
http://www.ebay.co.uk/itm/Epona-kit-car-project-de...

[Frankthered]

Yes it does! Do you fancy it?