Collecting Cars auction results

[500 Miles]

will_ said:

500 Miles said:

I was lucky enough this week to win the auction of the red F355 - the car does look in great condition and I’m looking forward to seeing it in the flesh.

I managed to get the polar silver 993 Turbo last month and have been really impressed with it - the car is even better in the flesh than it was in the photos.

Really impressed by Collecting Cars so far.

What's next on the mid-90s sports/super car collection bucket list?

I’m thinking about a Diablo, been looking for a bit.

Either that or go back further a bit ... DB5 or 70’s Vantage.

[500 Miles]

Luke. said:

Well, CINE shares ain't paying for that, that's for sure. Looks stunning.

Hopefully AA

Cheers buddy

[500 Miles]

Matty3 said:

Nice one - please post up when you have collected your 355. I've bid on a couple of CC cars to date but have not been successful - always good to hear folks experiences.

Will do. The 993 Turbo from cc is mint - couldn’t be happier with it.

[Cheib]

bish_345 said:

Cheib said:

ettore said:

Cheib said:

will_ said:

Another fairly strong set of results from Silverstone Auctions over the weekend, given the circumstances.

Some lots did well but overall it seemed like a bot of a struggle when I watched a bit of it. Quite a few cars were no reserve so the sell through rate looks good.


2k km Testarossa sold for £70k with an estimate of £100k to £120k. Don’t know anything about them and car could be a dog but seeemed cheap !

Early flat floor Series 1 E- Tyrpe sold for £100k with an estimate of £130k to £150k. Again could be a bad car !

You pick two of perhaps about 5 soft prices - look at the rest!

I’ll agree to differ...there were a lot more than 5 cars which had poor results. Here’s two more examples....look at the two 993 Turbo S’s...collecting cars recently had one a 24k mile car bid to £270k which didn’t sell. One 29k mile car sold for £235k plus comm and a 34k mile car sold for £212k plus comm. Those were weak results whichever way you look at it.

I’d say the sell through rate was because of realistic (or perhaps motivated) sellers as a lot of the cars were no reserve rather than strong bids.

The auction had a fairly positive write up in Simon Kidston's K500 letter today. 73% of cars sold. As I suggested, the majority of sold reserve cars did not beat low estimate (57%) but that's at least as good as most auctions in the last year or two where that percentage is often in the 60s or 70s. Equally, the percentage of sold cars which met or exceeded the high estimate was 19%. That is also a good number compared to most recent auctions . As for the "no reserve" point, don't be misled by the fact that the first 30 cars on Saturday were all no reserve. There were only 8 other no reserve cars in the two day auction so the total percentage of no reserve cars was only 16%. Or, looked at another way, 84% of the cars were reserve cars.

Yes I understand all that. I just think it seemed like a struggle from the two or three hours I spent watching on Saturday. Not sure Simon Kidston is probably the most impartial observer ! At one point during the auction on Saturday the auctioneer started berating one of the staff manning the phones for letting a bidder go too early....which tells you how hard they were having to work to get things done. Also don’t think they helped themselves with the presentation of the cars, viewing the cars at their main location was very difficult because the cars were packed in so tight.

[ettore]

Well, they were doing their job and they got the results. I stand by my comment that the prices were very strong (I only consider the final price). Comparing prices directly to the peak froth of 2015 is generally specious but particularly so when considering certain cars that have traded obviously over the odds. This would include the likes of flat floor E Types, certain Ferrari’s, 300SL’s and non-RS 911’s amongst others. I’m happy to take a bet on softening interest in 993 Turbo’s.

They even managed to get the Swallow Doretti’s away at way over the odds!

[bish_345]

Cheib said:

Not sure Simon Kidston is probably the most impartial observer !

Unsurprisingly the Miura did feature prominently....!

[Petrus1983]

I tried to submit some plates and they were all turned down. So they’re not completely un-picky!

[Shaoxter]

Petrus1983 said:

I tried to submit some plates and they were all turned down. So they’re not completely un-picky!

Good. There's already too many crappy plates on there.

[Petrus1983]

Shaoxter said:

Petrus1983 said:

I tried to submit some plates and they were all turned down. So they’re not completely un-picky!

Good. There's already too many crappy plates on there.

Can’t disagree

[Jonny TVR]

Except for mine ... TVR494 lovely plate a only 2 hours to go.

I also bought 5LUE which I am very happy with

[Cheib]

ettore said:

Well, they were doing their job and they got the results. I stand by my comment that the prices were very strong (I only consider the final price). Comparing prices directly to the peak froth of 2015 is generally specious but particularly so when considering certain cars that have traded obviously over the odds. This would include the likes of flat floor E Types, certain Ferrari’s, 300SL’s and non-RS 911’s amongst others. I’m happy to take a bet on softening interest in 993 Turbo’s.

They even managed to get the Swallow Doretti’s away at way over the odds!

If you read my post you’ll note that I said Collecting Cars had a 993 Turbo S fail to sell at £270k....which clearly implies that the market is still strong for these. I then said Silverstone achieved much lower prices....which was to my point about the auction not being that strong, I said nothing about overall market prices.

The last time someone offered me a bet to prove a point on something that would be impossible to prove was I think around when I was 15....

[bigmowley]

I see the white 991.1 CS GT3 failed to sell, in quite spectacular style by the looks of it. I think, as predicted by many, these are fast becoming the least sought after GT3 variant of all.
The red GT4 and the rather lovely looking Graphite blue 991.2 GT3 should be an interesting watch.

[vxdave]

The white gt3 looked a good deal if the reserve had been met. I've been keeping an eye on CC for a while looking for something tasty but most cars go for strong money imo when you factor in the buyers fee/buying unseen and no warranty or comeback.

[s2000db]

So did someone get a good deal on that Pista at £275k ??
https://collectingcars.com/for-sale/2020-ferrari-4...

[av185]

About right having regard to the colour.

[claudereff]

The older red one didn't sell at £280k from memory, I don't keep an eye on car finance but wonder if conditions and availability will tighten thus having a knock on prices.

[V-spec]

Thanks from bringing BaT to my attention. I now see what CC could have been (or could still be?). The presentation is very well done and there is lots to learn from the comments, even on past auctions.

Yesterday I was sorely tempted to bid on a S1 E-Type (which eventually didn't meet reserve) despite having never driven one in my life or ever really wanting one, it was simply gorgeous

I know this thread is in the Supercars section, sorry for the non-supercar content but you guys seem to know your stuff so I have a couple of questions:

-Is there a way to search BaT for cars being sold outside the US?

- How much will I have to pay to import a classic car from the US? After some internet research I think that import duty will zero if the car is a "genuine classic", and VAT reduced to 9% (of purchase price plus transport plus all port fees). Is that correct or does VAT depend which Euro country you import it to?

[johnnyreggae]

At risk of starting a political argument we are no longer in the EU so its not easy to comment on how your local taxes & rules relate to those of the UK but your principle seems sound

[Petrus1983]

V-Spec whats BaT?

I looked into importing a car from California that was on sale at Hollywood Car Club and was surprised at the price (favourable) which included getting it here, taxed and sorting some headlight type issues.

[V-spec]

BaT = Bring a Trailer, it was being discussed on this thread a few pages back (end of July)

Regarding import duty I'm in continental Europe, so yes I was asking about EU rules. Also means LHD is not a problem, which I'm hoping might help me pick up a bargain on CC