Collecting Cars auction results

Collecting Cars auction results

Author
Discussion

OldAndTired

63 posts

3 months

Thursday 2nd July
quotequote all
Terrible first post but couldn’t stop myself responding to the negative nellies!

First off it’s a business model that you don’t have to participate in. And if you think you can do better then it’s a free market so go ahead - no one is stopping you.

Secondly auctions operate under buyer beware. If you want the protection that is offered by a main dealer then stop blathering about CC should do this or CC should do that and buy a car from a main dealer.

Thirdly there is no doubt a percentage of these cars that are put up for sale will be in dubious condition, with dubious history - some humans are unethical. It’s life.

The trade who bid on this site understand this. They accept the “percentages”. They know they will get hurt once in a while, and end up with a dog, but if they are more skilful than others their edge will make them profitable over time.

An individual buying just one car has to accept that Variance in risk and understand they might draw the short straw. If they stick to cars still under warranty or know the history then they can reduce their risk.

But these posters who demand CC should do this or that for instance in the case of the F12 should switch off and go trot down to their local main dealer. They need to realise that many people have a greater risk appetite than them and that the world doesn’t exist to suit their individual preference.

First post over. I feel better.


Pommy

11,107 posts

174 months

Thursday 2nd July
quotequote all
OldAndTired said:
Terrible first post but couldn’t stop myself responding to the negative nellies!

First off it’s a business model that you don’t have to participate in. And if you think you can do better then it’s a free market so go ahead - no one is stopping you.

Secondly auctions operate under buyer beware. If you want the protection that is offered by a main dealer then stop blathering about CC should do this or CC should do that and buy a car from a main dealer.

Thirdly there is no doubt a percentage of these cars that are put up for sale will be in dubious condition, with dubious history - some humans are unethical. It’s life.

The trade who bid on this site understand this. They accept the “percentages”. They know they will get hurt once in a while, and end up with a dog, but if they are more skilful than others their edge will make them profitable over time.

An individual buying just one car has to accept that Variance in risk and understand they might draw the short straw. If they stick to cars still under warranty or know the history then they can reduce their risk.

But these posters who demand CC should do this or that for instance in the case of the F12 should switch off and go trot down to their local main dealer. They need to realise that many people have a greater risk appetite than them and that the world doesn’t exist to suit their individual preference.

First post over. I feel better.
Hey Chris, or is it Edward?..

hehe

OldAndTired

63 posts

3 months

Thursday 2nd July
quotequote all
I wish I had been as smart as them! I expect this site to grow exponentially.

p1stonhead

23,372 posts

125 months

Thursday 2nd July
quotequote all
Pommy said:
OldAndTired said:
Terrible first post but couldn’t stop myself responding to the negative nellies!

First off it’s a business model that you don’t have to participate in. And if you think you can do better then it’s a free market so go ahead - no one is stopping you.

Secondly auctions operate under buyer beware. If you want the protection that is offered by a main dealer then stop blathering about CC should do this or CC should do that and buy a car from a main dealer.

Thirdly there is no doubt a percentage of these cars that are put up for sale will be in dubious condition, with dubious history - some humans are unethical. It’s life.

The trade who bid on this site understand this. They accept the “percentages”. They know they will get hurt once in a while, and end up with a dog, but if they are more skilful than others their edge will make them profitable over time.

An individual buying just one car has to accept that Variance in risk and understand they might draw the short straw. If they stick to cars still under warranty or know the history then they can reduce their risk.

But these posters who demand CC should do this or that for instance in the case of the F12 should switch off and go trot down to their local main dealer. They need to realise that many people have a greater risk appetite than them and that the world doesn’t exist to suit their individual preference.

First post over. I feel better.
Hey Chris, or is it Edward?..

hehe
Has to be someone involved. Way too blatant! laugh

OldAndTired

63 posts

3 months

Thursday 2nd July
quotequote all
Nope. Honest. I have zero affiliation and have never met either of them. I do think Harris deserves his slot on Top Gear though - just a shame he has to put up with the other two and is rarely allowed to express himself in a manner than shows off his professionalism. So yes a fan of Harris but never met either of them.


MDL111

4,905 posts

135 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).
Agree, I buy all my cars unseen and without inspection - so for me it is a great platform to get tempted by cars I did not know about, models had forgotten about etc - great way to spend some time (and money if I ever actually win). Bit of a hassle though that all the cars are in the UK - need to factor in getting them to the continent

MDL111

4,905 posts

135 months

Thursday 2nd July
quotequote all
OldAndTired said:
Terrible first post but couldn’t stop myself responding to the negative nellies!

First off it’s a business model that you don’t have to participate in. And if you think you can do better then it’s a free market so go ahead - no one is stopping you.

Secondly auctions operate under buyer beware. If you want the protection that is offered by a main dealer then stop blathering about CC should do this or CC should do that and buy a car from a main dealer.

Thirdly there is no doubt a percentage of these cars that are put up for sale will be in dubious condition, with dubious history - some humans are unethical. It’s life.

The trade who bid on this site understand this. They accept the “percentages”. They know they will get hurt once in a while, and end up with a dog, but if they are more skilful than others their edge will make them profitable over time.

An individual buying just one car has to accept that Variance in risk and understand they might draw the short straw. If they stick to cars still under warranty or know the history then they can reduce their risk.

But these posters who demand CC should do this or that for instance in the case of the F12 should switch off and go trot down to their local main dealer. They need to realise that many people have a greater risk appetite than them and that the world doesn’t exist to suit their individual preference.

First post over. I feel better.
Good effort that for a first post smile

cayman-black

9,673 posts

174 months

Thursday 2nd July
quotequote all
Old , great first post but this is PH,s and we all like to have a good moan, ok?

OldAndTired

63 posts

3 months

Thursday 2nd July
quotequote all
Understood. Although if you read the first sentence in my first post I managed to moan about my own content - calling it terrible. Then I went on to moan about the moaners of CC. I think it qualifies as a fairly stand PH post.

handyman 1417

233 posts

144 months

Thursday 2nd July
quotequote all
I’ve just sold a car on CC and from a sellers perspective, it’s spot on. There’s no reason whatsoever that a potential buyer can’t view the car during the 7 day listing, in fact I encouraged it. If a buyer chooses not to and buy blind, that’s their choice and not the policy of CC.

bigmowley

822 posts

134 months

Thursday 2nd July
quotequote all
handyman 1417 said:
I’ve just sold a car on CC and from a sellers perspective, it’s spot on. There’s no reason whatsoever that a potential buyer can’t view the car during the 7 day listing, in fact I encouraged it. If a buyer chooses not to and buy blind, that’s their choice and not the policy of CC.
Good feedback. Out of interest did any potential bidders view the car?

handyman 1417

233 posts

144 months

Thursday 2nd July
quotequote all
No viewers which did surprise me, but I supplied almost 200 photos and answered a few questions as the listing proceeded. Had anyone wanted to come a view, I’d have treated them as I would selling privately.

Shaoxter

3,581 posts

82 months

Thursday 2nd July
quotequote all
handyman 1417 said:
No viewers which did surprise me, but I supplied almost 200 photos and answered a few questions as the listing proceeded. Had anyone wanted to come a view, I’d have treated them as I would selling privately.
Well there is a certain killer virus going around at the moment...
So did the buyer just turn up and take away the car without trying to chip you down on price like people on ebay do? Is the transfer of funds handled by CC or does it just become a private sale at that point?

handyman 1417

233 posts

144 months

Thursday 2nd July
quotequote all
The ‘Killer Bug’ isn’t preventing most of the population going to a supermarket to view their purchases prior to paying or gathering in their thousands for demos and sunbathing, so can’t see any rational justification for not looking at a car!
The buyer pays the CC commission on the hammer and settles up privately with the seller. There’s no after auction bartering as it’s NOT eBay!

Cheib

19,374 posts

133 months

Thursday 2nd July
quotequote all
OldAndTired said:
Terrible first post but couldn’t stop myself responding to the negative nellies!

First off it’s a business model that you don’t have to participate in. And if you think you can do better then it’s a free market so go ahead - no one is stopping you.

Secondly auctions operate under buyer beware. If you want the protection that is offered by a main dealer then stop blathering about CC should do this or CC should do that and buy a car from a main dealer.

Thirdly there is no doubt a percentage of these cars that are put up for sale will be in dubious condition, with dubious history - some humans are unethical. It’s life.

The trade who bid on this site understand this. They accept the “percentages”. They know they will get hurt once in a while, and end up with a dog, but if they are more skilful than others their edge will make them profitable over time.

An individual buying just one car has to accept that Variance in risk and understand they might draw the short straw. If they stick to cars still under warranty or know the history then they can reduce their risk.

But these posters who demand CC should do this or that for instance in the case of the F12 should switch off and go trot down to their local main dealer. They need to realise that many people have a greater risk appetite than them and that the world doesn’t exist to suit their individual preference.

First post over. I feel better.
Have to say I agree with a lot of that....really don’t understand people complaining about it. If you don’t like it don’t look at it ! What’s clever is how they’re marketing it through Chris Harris’s Podcast. That;s a big part of why it’s grown so quickly....that and I think the fact that they’ve leverage existing relationships to get dealers like DK to use it.


Edited by Cheib on Thursday 2nd July 22:12

500 Miles

1,518 posts

184 months

Thursday 2nd July
quotequote all
I think it’s a great site - well thought through and executed.

Good detailed and well written descriptions of the cars, good interesting stock which is added to almost daily - I used to only ever use my iPad for reading Pistonheads, I now check collecting cars on a daily basis.

I’ve bid for 4 things (iirc) an Ariel Atom, a red 993 Turbo, a silver 993 turbo and 2 tickets to watch top gear being filmed.

I was lucky enough to ‘win’ the silver 993 turbo yesterday and the tickets about 2 months ago.

I haven’t seen the car yet but have exchanged messages with the seller, auction fees have already been paid and the payment for the car to the seller will go through tomorrow. Is it riskier than buying off a main dealer? Of course but life is about taking risks, most will work out - some won’t - it’s all part of the fun.

Obviously I’ll look forward to the piss taking when I’m on the Porsche section complaining about a blown engine smile


Mezzanine

5,267 posts

177 months

Thursday 2nd July
quotequote all
Well done, that looks very tasty.

500 Miles

1,518 posts

184 months

Thursday 2nd July
quotequote all
Mezzanine said:
Well done, that looks very tasty.
Thanks buddy.

Looking forward to getting it - had a poster of one as a kid on my bedroom wall, have been looking for ages. Not a huge fan of the blue interior and will probably have this changed.

Purso

693 posts

60 months

Friday 3rd July
quotequote all
Nice work 500 miles!!! Very jealous

Lemanandbeyond

117 posts

14 months

Friday 3rd July
quotequote all
500 Miles said:
That is lovely, congratulations.