Collecting Cars auction results

Collecting Cars auction results

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Discussion

jtremlett

934 posts

180 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

17,414 posts

133 months

Tuesday 30th June
quotequote all

Drclarke

989 posts

131 months

Tuesday 30th June
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Wills2 said:
I’m not the only one to smell a rat with this.

hairyandhappy

5 posts

16 months

Wednesday 1st July
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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

23,356 posts

125 months

Wednesday 1st July
quotequote all
Wills2 said:
£105k?!

Impossible surely.

TP321

1,228 posts

156 months

Wednesday 1st July
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

1,462 posts

130 months

Wednesday 1st July
quotequote all
p1stonhead said:
Wills2 said:
£105k?!

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

What's impossible!?

cayman-black

9,668 posts

174 months

Wednesday 1st July
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

2,967 posts

210 months

Wednesday 1st July
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

1,462 posts

130 months

Wednesday 1st July
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

23,356 posts

125 months

Wednesday 1st July
quotequote all
Wasn’t this vantage on previously?

Didn’t meet its previous reserve maybe?

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

Wills2

17,414 posts

133 months

Wednesday 1st July
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

9,668 posts

174 months

Thursday 2nd July
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.

rosino

1,259 posts

130 months

Thursday 2nd July
quotequote all
To be honest don't understand the hate for the website. They had perfect timing, with people with too much free time and disposable income and a need to dream about something who got trigger happy buying cars on the internet. Not sure what's wrong with it, people are buying said cars and achieving bargains.. Sellers that maybe could not get a bid anywhere or would be charged crazy fees for SoR (or being outright refused as dealers were "shut") are selling their cars.

What's not to like?

Of course it's a little strange that some of these cars are getting bought completely unseen. I would not buy a 720s or an F12 without having had it inspected by somebody. But maybe some people are braver than me and would bet the discount they achieve is enough to cushion them from any nasty surprises (often not the case with these kind of cars.. but hey..).

So all-in I think it's actually a good thing for the enthusiast as it shows real clearing prices and not the lalaland asking ones you see from dealers or "specialists". Then it's on the buyer to do some proper DD.

I enquired about a Scuderia which is for sale on the website. Despite being a Swiss car it has 2 services in like 6years and 20k KM.. to me that's odd.. but then again has perfect history the last 6years.. so would that balance out ? Again, if you bid on it you would do further DD and make up your mind about a right price to pay. I just suspect some cars benefit from bidding wars, others from complete lack of interest (FF which sold at crazy low price for a good spec comes to mind, or the 720s.. which was probably the biggest bargain of the cars that got sold).

p1stonhead

23,356 posts

125 months

Thursday 2nd July
quotequote all
rosino said:
To be honest don't understand the hate for the website. They had perfect timing, with people with too much free time and disposable income and a need to dream about something who got trigger happy buying cars on the internet. Not sure what's wrong with it, people are buying said cars and achieving bargains.. Sellers that maybe could not get a bid anywhere or would be charged crazy fees for SoR (or being outright refused as dealers were "shut") are selling their cars.

What's not to like?

Of course it's a little strange that some of these cars are getting bought completely unseen. I would not buy a 720s or an F12 without having had it inspected by somebody. But maybe some people are braver than me and would bet the discount they achieve is enough to cushion them from any nasty surprises (often not the case with these kind of cars.. but hey..).

So all-in I think it's actually a good thing for the enthusiast as it shows real clearing prices and not the lalaland asking ones you see from dealers or "specialists". Then it's on the buyer to do some proper DD.

I enquired about a Scuderia which is for sale on the website. Despite being a Swiss car it has 2 services in like 6years and 20k KM.. to me that's odd.. but then again has perfect history the last 6years.. so would that balance out ? Again, if you bid on it you would do further DD and make up your mind about a right price to pay. I just suspect some cars benefit from bidding wars, others from complete lack of interest (FF which sold at crazy low price for a good spec comes to mind, or the 720s.. which was probably the biggest bargain of the cars that got sold).
I don’t have anything against it but it’s just eBay with massive fees isn’t it?

will_

5,929 posts

161 months

Thursday 2nd July
quotequote all
rosino said:
So all-in I think it's actually a good thing for the enthusiast as it shows real clearing prices and not the lalaland asking ones you see from dealers or "specialists". Then it's on the buyer to do some proper DD.
This is true, but only to a limited extend. The "sold" cars don't stay on the site for long, and nor does it record the "highest bid" achieved for cars which don't meet reserve.

Bo_apex

1,146 posts

176 months

Thursday 2nd July
quotequote all
rosino said:
To be honest don't understand the hate for the website. They had perfect timing, with people with too much free time and disposable income and a need to dream about something who got trigger happy buying cars on the internet. Not sure what's wrong with it, people are buying said cars and achieving bargains.. Sellers that maybe could not get a bid anywhere or would be charged crazy fees for SoR (or being outright refused as dealers were "shut") are selling their cars.

What's not to like?

Of course it's a little strange that some of these cars are getting bought completely unseen. I would not buy a 720s or an F12 without having had it inspected by somebody. But maybe some people are braver than me and would bet the discount they achieve is enough to cushion them from any nasty surprises (often not the case with these kind of cars.. but hey..).

So all-in I think it's actually a good thing for the enthusiast as it shows real clearing prices and not the lalaland asking ones you see from dealers or "specialists". Then it's on the buyer to do some proper DD.

I enquired about a Scuderia which is for sale on the website. Despite being a Swiss car it has 2 services in like 6years and 20k KM.. to me that's odd.. but then again has perfect history the last 6years.. so would that balance out ? Again, if you bid on it you would do further DD and make up your mind about a right price to pay. I just suspect some cars benefit from bidding wars, others from complete lack of interest (FF which sold at crazy low price for a good spec comes to mind, or the 720s.. which was probably the biggest bargain of the cars that got sold).
I suspect some of the criticisms are from existing car dealers

rkanaga

345 posts

178 months

Thursday 2nd July
quotequote all
It looks like they have some competition though, The Market (https://themarket.co.uk/listings/auctions) looks uncannily similar to the Collecting Cars website, and also charge 5%+VAT. I'm sure I remember looking at that site a month or two ago and it did not look like this, so maybe they have refreshed it.

They claim to charge the buyer not the seller, but of course it is just a matter of semantics, the fee comes out of the deal. It will be interesting to see if the more established auction houses follow their model of using a large gallery of high quality photo's, anti-sniping etc.

It's getting dangerous to go on the internet these days with so much temptation!

(I have no affiliation with either company btw, I have bid on CC and trying hard to resist the SM on the Market!)

ettore

2,967 posts

210 months

Thursday 2nd July
quotequote all
rkanaga said:
It looks like they have some competition though, The Market (https://themarket.co.uk/listings/auctions) looks uncannily similar to the Collecting Cars website, and also charge 5%+VAT. I'm sure I remember looking at that site a month or two ago and it did not look like this, so maybe they have refreshed it.

They claim to charge the buyer not the seller, but of course it is just a matter of semantics, the fee comes out of the deal. It will be interesting to see if the more established auction houses follow their model of using a large gallery of high quality photo's, anti-sniping etc.

It's getting dangerous to go on the internet these days with so much temptation!

(I have no affiliation with either company btw, I have bid on CC and trying hard to resist the SM on the Market!)
It’s not semantics, the posh boys charge both!

...and it’s not eBay - cars are assessed, photographed and described separately. Admittedly they can’t be held to account specifically but if they develop a reputation for shonky descriptions and untruths (and I don’t think that’s the case) it will die off.

I suspect these things are about timing and then good editorship. Timing seems right and I enjoy the mix of cars so working for me. eBay far too tedious and full of crap, so I never bother.

Pommy

11,100 posts

174 months

Thursday 2nd July
quotequote all
rkanaga said:
It looks like they have some competition though, The Market (https://themarket.co.uk/listings/auctions) looks uncannily similar to the Collecting Cars website, and also charge 5%+VAT. I'm sure I remember looking at that site a month or two ago and it did not look like this, so maybe they have refreshed it.

They claim to charge the buyer not the seller, but of course it is just a matter of semantics, the fee comes out of the deal. It will be interesting to see if the more established auction houses follow their model of using a large gallery of high quality photo's, anti-sniping etc.

It's getting dangerous to go on the internet these days with so much temptation!

(I have no affiliation with either company btw, I have bid on CC and trying hard to resist the SM on the Market!)
Out of interest, why bit on CC?

There's no viewing, no protection and you basically buying on trust. Perhaps I'm missing something.