Collecting Cars auction results

Collecting Cars auction results

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Discussion

mstrbkr

7,441 posts

153 months

Sunday 28th June
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ferdi p said:
mstrbkr said:
The F12 is this morning no longer in the "sold" section of the website scratchchin
The website crashed close to the auction ending! Maybe the seller found out & pulled out?
Oh really?! That explains why the final bid was barely more than it had been for the few previous days. I did think that was quite odd.

HokumPokum

1,756 posts

160 months

Sunday 28th June
quotequote all
i do think the website needs to explain discrepancies like that. Simply for transparency. otherwise it descends into another used car lot parallel and doesn't give potential bidders the confidence the site deserves.

It's situations like this that gives me the creeps and allows for the winners curse discussion.

why would you trust CC to be accurate and truthful about anything if they can't even explain or be upfront about sellers pulling out, or bidders not following through or any side deals. It's ok for them to make money if both parties decide a side deal but it should be disclosed. No one polices CC, not a regulator and CC chooses to disclose what it wants, hence unless cars are much cheaper than any dealer (which has a comeback), it MUST always be buyer beware.

h0b0

4,613 posts

151 months

Sunday 28th June
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Now that the F12 has been taken down I will share my thoughts. All of this is based on theory and not any facts.

Super Cars from Dubai often have much higher mileage on them. It’s known you can bag a bargain as a result. The mileage of this one is not documented while it was out there. But, the brakes needed changing at a lot lower mileage than you would expect according to the dash. Where else is the mileage stored? Conveniently the other component that has been changed.......the transmission.

I suspect CC pulled the listing until evidence of low mileage can be produced. I’m not saying this car has been clocked. But, until some one shows me paper work it is looking and sounding like a duck to me.

blacksun80

21 posts

7 months

Sunday 28th June
quotequote all
h0b0 said:
Now that the F12 has been taken down I will share my thoughts. All of this is based on theory and not any facts.

Super Cars from Dubai often have much higher mileage on them. It’s known you can bag a bargain as a result. The mileage of this one is not documented while it was out there. But, the brakes needed changing at a lot lower mileage than you would expect according to the dash. Where else is the mileage stored? Conveniently the other component that has been changed.......the transmission.

I suspect CC pulled the listing until evidence of low mileage can be produced. I’m not saying this car has been clocked. But, until some one shows me paper work it is looking and sounding like a duck to me.
I am not a Ferrari expert but there were also a few cracks in the seat leather - which might indicate either more usage, but I don’t know - perhaps the hot weather and sunshine in Dubai is harsher on leather as well...

But even if real miles were 20-30k at 97k would still be value for money...

blacksun80

21 posts

7 months

Sunday 28th June
quotequote all
They posted this on Twitter:

“Last night, the Collecting Cars website suffered a system outage. To ensure a fair result for everyone, we have extended the bidding for Saturday's auctions to end on Sunday. Our team is working hard to prevent such problems in the future.”

blacksun80

21 posts

7 months

Sunday 28th June
quotequote all
On the f12

“We have it in hand. As above we have buyers and sellers best interest at heart. We had to cancelled the auction due to the issues we experienced but didn’t have the ability to simply reset the clock due to only seconds to act.”

VonSenger

2,166 posts

144 months

Sunday 28th June
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Like I said, I give it a few months at best. Ridiculous business idea that makes no sense. Who's stupid enough to front the cash for this experiment?

jtremlett

859 posts

177 months

Sunday 28th June
quotequote all
blacksun80 said:
h0b0 said:
Now that the F12 has been taken down I will share my thoughts. All of this is based on theory and not any facts.

Super Cars from Dubai often have much higher mileage on them. It’s known you can bag a bargain as a result. The mileage of this one is not documented while it was out there. But, the brakes needed changing at a lot lower mileage than you would expect according to the dash. Where else is the mileage stored? Conveniently the other component that has been changed.......the transmission.

I suspect CC pulled the listing until evidence of low mileage can be produced. I’m not saying this car has been clocked. But, until some one shows me paper work it is looking and sounding like a duck to me.
I am not a Ferrari expert but there were also a few cracks in the seat leather - which might indicate either more usage, but I don’t know - perhaps the hot weather and sunshine in Dubai is harsher on leather as well...

But even if real miles were 20-30k at 97k would still be value for money...
This is exactly the reason why ex-Middle Eastern cars are always a hard sell and have to be at a significant discount to Euro left hand cars. There is almost never any history to speak of and very difficult to check on it. Then the lack of history feeds suspicions that the cars are not looked after as well as wondering whether the general conditions (heat and sand) may impact upon reliability going forward.

Wills2

17,074 posts

130 months

Drclarke

960 posts

128 months

Tuesday
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Wills2 said:
I’m not the only one to smell a rat with this.

hairyandhappy

5 posts

13 months

Wednesday
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VonSenger said:
Like I said, I give it a few months at best. Ridiculous business idea that makes no sense. Who's stupid enough to front the cash for this experiment?
I agree, IMO this glossy website could be used to put the finest dress on the ugliest pig. Perfect for certain Keighley supercar dealers who can't shift the worst of the worst via their multi storey car lot, track slags (there was one on there the other week) and ex hire cars.

As for imported cars, I would never buy via an online auction site. Mileages and crash damage are too easily hidden.

I'd rather give a dealer an extra £25k+ (which might provide some comeback/warranty) than spend that trying to fix a cheap car that will then be almost impossible to sell on.

p1stonhead

22,380 posts

122 months

Wednesday
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Wills2 said:
£105k?!

Impossible surely.

TP321

1,167 posts

153 months

Wednesday
quotequote all
hairyandhappy said:
I agree, IMO this glossy website could be used to put the finest dress on the ugliest pig. Perfect for certain Keighley supercar dealers who can't shift the worst of the worst via their multi storey car lot, track slags (there was one on there the other week) and ex hire cars.

As for imported cars, I would never buy via an online auction site. Mileages and crash damage are too easily hidden.

I'd rather give a dealer an extra £25k+ (which might provide some comeback/warranty) than spend that trying to fix a cheap car that will then be almost impossible to sell on.
Well said. There should be comeback on the sale if the car bought from CC has mileage or damage discrepancies.

ferdi p

1,424 posts

127 months

Wednesday
quotequote all
p1stonhead said:
Wills2 said:
£105k?!

Impossible surely.
111k including fees for a questionable LHD Import.

What's impossible!?

cayman-black

9,328 posts

171 months

Wednesday
quotequote all
ferdi p said:
p1stonhead said:
Wills2 said:
£105k?!

Impossible surely.
111k including fees for a questionable LHD Import.

What's impossible!?
Exactly, i might take a gamble with your money but not mine.

ettore

2,771 posts

207 months

Wednesday
quotequote all
TP321 said:
hairyandhappy said:
I agree, IMO this glossy website could be used to put the finest dress on the ugliest pig. Perfect for certain Keighley supercar dealers who can't shift the worst of the worst via their multi storey car lot, track slags (there was one on there the other week) and ex hire cars.

As for imported cars, I would never buy via an online auction site. Mileages and crash damage are too easily hidden.

I'd rather give a dealer an extra £25k+ (which might provide some comeback/warranty) than spend that trying to fix a cheap car that will then be almost impossible to sell on.
Well said. There should be comeback on the sale if the car bought from CC has mileage or damage discrepancies.
No, that’s not how auctions work, never have.

I don’t see any issue or anything whiffy about this site - it’s an online auction platform, there are plenty about.

Why do people bid at auction? Either to get something they can’t get elsewhere or, mainly, to bag a bargain

ferdi p

1,424 posts

127 months

Wednesday
quotequote all
ettore said:
TP321 said:
hairyandhappy said:
I agree, IMO this glossy website could be used to put the finest dress on the ugliest pig. Perfect for certain Keighley supercar dealers who can't shift the worst of the worst via their multi storey car lot, track slags (there was one on there the other week) and ex hire cars.

As for imported cars, I would never buy via an online auction site. Mileages and crash damage are too easily hidden.

I'd rather give a dealer an extra £25k+ (which might provide some comeback/warranty) than spend that trying to fix a cheap car that will then be almost impossible to sell on.
Well said. There should be comeback on the sale if the car bought from CC has mileage or damage discrepancies.
No, that’s not how auctions work, never have.

I don’t see any issue or anything whiffy about this site - it’s an online auction platform, there are plenty about.

Why do people bid at auction? Either to get something they can’t get elsewhere or, mainly, to bag a bargain
I agree, if you're unsure, do your homework before bidding!

I like the site but they must make sure it doesn't go down just as the auction ends, it makes them look silly & people will question their transparency.

p1stonhead

22,380 posts

122 months

Wednesday
quotequote all
Wasn’t this vantage on previously?

Didn’t meet its previous reserve maybe?

https://twitter.com/collectingcars_/status/1278392...

Wills2

17,074 posts

130 months

Wednesday
quotequote all
ferdi p said:
p1stonhead said:
Wills2 said:
£105k?!

Impossible surely.
111k including fees for a questionable LHD Import.

What's impossible!?
It quotes the 105k as the selling price rather than the winning bid, i believe that indicates the price includes fees.



cayman-black

9,328 posts

171 months

Yesterday (09:35)
quotequote all
p1stonhead said:
Wasn’t this vantage on previously?

Didn’t meet its previous reserve maybe?

https://twitter.com/collectingcars_/status/1278392...
Yes, it was on auction a couple of weeks ago.