Collecting Cars auction results

Collecting Cars auction results

Author
Discussion

Duncan_autoshine

41 posts

172 months

Wednesday 26th August
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The 924 belongs to a friend of mine and just missed the reserve. If interested please dm me and I can put you in touch.
Duncan

bigmowley

820 posts

134 months

Thursday 27th August
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Oops sorry CC take it all back. I’ve obviously lost a day somewhere blame old age! Still wish that they didn’t hid away all the results though. Odd car to value 924CGt I had one in the early 80’s and it was a lovely thing. Not much love in today’s market though.

Jonny TVR

3,224 posts

239 months

Thursday 27th August
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bigmowley said:
Oops sorry CC take it all back. I’ve obviously lost a day somewhere blame old age! Still wish that they didn’t hid away all the results though. Odd car to value 924CGt I had one in the early 80’s and it was a lovely thing. Not much love in today’s market though.
At £48k bids I would say that there is much love for them. I was interested.

Jonny TVR

3,224 posts

239 months

Thursday 3rd September
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The Jensen that sold recently at £24k seems cheap

cayman-black

9,659 posts

174 months

Thursday 3rd September
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Jonny TVR said:
The Jensen that sold recently at £24k seems cheap
There is a couple more coming, i bet they won't be that cheap.

SFTWend

205 posts

33 months

Thursday 3rd September
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cayman-black said:
Jonny TVR said:
The Jensen that sold recently at £24k seems cheap
There is a couple more coming, i bet they won't be that cheap.
I bid on that. My research indicated resto needed finishing and some of it needed redoing. So probably a fair sale price.

Agree next one likely to be much more. The Market had one not sold at £45k recently, which had first signs of rust bubbling through. Now back at Hexagon.

Jonny TVR

3,224 posts

239 months

Friday 4th September
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SFTWend said:
I bid on that. My research indicated resto needed finishing and some of it needed redoing. So probably a fair sale price.

Agree next one likely to be much more. The Market had one not sold at £45k recently, which had first signs of rust bubbling through. Now back at Hexagon.
Is that the one in Cheshire Northwich. Looks very nice. I'm not in the market for one but always admired them

Bobo W

649 posts

210 months

Friday 4th September
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bigmowley said:
I can’t help but think that there is quite a bit of skullduggery that goes on behind the scenes at CC.
The 924 Carrera GT that I was following with interest has suddenly vanished with just over 24hrs to go. Not a word of explanation just gone. Even a “withdrawn” comment to all the people watching wouldn’t go amiss. This does seem to happen quite often! I wonder if the vendor has to pay a fee if it is withdrawn.
Perhaps this is a bit of vendor nervousness that if the early bidding doesn’t look promising then withdraw the lot rather than have it tainted by a failed to meet reserve.

The other thing that is odd is that some lots sit for weeks and weeks in the coming soon section, and others barely skim past that bit. Surely once the pictures are taken it’s not much work to write the spiel? Some stuff disappears as well without ever going to auction. I think it should be titled “coming soon.....maybe”.

I have also noticed that M3’s of most generations seem to meet their reserves very early on in the bidding. Are the reserves set to low, or is there a lot of interest in early M3,s at the moment? They do seem to fetch good money.
Yes the vendor has to pay a fee if the car is withdrawn (once listed) - I think it's £600 which is the minimum fee

CC encourage sellers to set low reserves - obviously it's in CC's best interest to have low reserves because it makes a sale more likely but their spiel is that a lower reserve encourages more buyers to bid which invariably pushes prices up. Despite their self interest there is a certain amount of logic to this.

Cheib

19,341 posts

133 months

Saturday 5th September
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Bobo W said:
bigmowley said:
I can’t help but think that there is quite a bit of skullduggery that goes on behind the scenes at CC.
The 924 Carrera GT that I was following with interest has suddenly vanished with just over 24hrs to go. Not a word of explanation just gone. Even a “withdrawn” comment to all the people watching wouldn’t go amiss. This does seem to happen quite often! I wonder if the vendor has to pay a fee if it is withdrawn.
Perhaps this is a bit of vendor nervousness that if the early bidding doesn’t look promising then withdraw the lot rather than have it tainted by a failed to meet reserve.

The other thing that is odd is that some lots sit for weeks and weeks in the coming soon section, and others barely skim past that bit. Surely once the pictures are taken it’s not much work to write the spiel? Some stuff disappears as well without ever going to auction. I think it should be titled “coming soon.....maybe”.

I have also noticed that M3’s of most generations seem to meet their reserves very early on in the bidding. Are the reserves set to low, or is there a lot of interest in early M3,s at the moment? They do seem to fetch good money.
Yes the vendor has to pay a fee if the car is withdrawn (once listed) - I think it's £600 which is the minimum fee

CC encourage sellers to set low reserves - obviously it's in CC's best interest to have low reserves because it makes a sale more likely but their spiel is that a lower reserve encourages more buyers to bid which invariably pushes prices up. Despite their self interest there is a certain amount of logic to this.
I’ve seen a few cars go through where the reserves haven’t been low...seem to remember a 993 Turbo S getting to £270k and not selling for example which is pretty much retail. If it’s a car like that I think they’re very happy to drive site traffic with it and less worried if it actually sells.

The disappearing cars thing is really, really st. Unfortunately it reeks of “the motor trade” rather than trying to set yourself above short term games.

SFTWend

205 posts

33 months

Saturday 5th September
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From a buyers perspective I much prefer The Market, which mostly auctions modern classics. They have most cars on site and, having viewed the lot, attempt to provide a more balanced description. They state an estimated sale price, highlight when reserve nearly met and keep both sold and unsold lots online for a period of time.

VonSenger

2,234 posts

147 months

Saturday 5th September
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subirg said:
The green Bac Mono that recently sold for about £65k is now up for sale for £75k. Wonder if it will sell...
Biggest concern with that thing is the amount of work its had done. Fragile or ragged within an inch?

LA458SP

75 posts

64 months

Sunday 6th September
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Wonder what happened here. 488 Spider sold with a winning bid of £166k on 30th Aug but is now up for sale again privately.

Obviously didn't go through for some reason.


https://www.pistonheads.com/buy/listing/10821992?c...

Bemmer

720 posts

160 months

Sunday 6th September
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LA458SP said:
Wonder what happened here. 488 Spider sold with a winning bid of £166k on 30th Aug but is now up for sale again privately.

Obviously didn't go through for some reason.


https://www.pistonheads.com/buy/listing/10821992?c...
Shill bidding comes to mind.....nono this isn't the first time somthing "sells" but appears again advertised with it's original owner.... the Ferrari advert actually states owned for the last two years.... it'll end up like Ebay very soon if the don't put a stop to it...

LA458SP

75 posts

64 months

Sunday 6th September
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Bemmer said:
Shill bidding comes to mind.....nono this isn't the first time somthing "sells" but appears again advertised with it's original owner.... the Ferrari advert actually states owned for the last two years.... it'll end up like Ebay very soon if the don't put a stop to it...
Don't think it was. The car was listed under the sold section of the site for a good week or so.

Pro Bono

273 posts

35 months

Sunday 6th September
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Bemmer said:
Shill bidding comes to mind.....nono this isn't the first time somthing "sells" but appears again advertised with it's original owner.... the Ferrari advert actually states owned for the last two years.... it'll end up like Ebay very soon if the don't put a stop to it...
There must be some winning bidders who aren't genuine. People who are just dreamers, or who have had one too many and always fancied a Ferrari. In most cases there wouldn't be any point in pursuing them, as they've no money, in which case the car would potentially come back on the market.

Do CC carry out any vetting of prospective buyers, to weed out such people?

Cheib

19,341 posts

133 months

Sunday 6th September
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Pro Bono said:
Bemmer said:
Shill bidding comes to mind.....nono this isn't the first time somthing "sells" but appears again advertised with it's original owner.... the Ferrari advert actually states owned for the last two years.... it'll end up like Ebay very soon if the don't put a stop to it...
There must be some winning bidders who aren't genuine. People who are just dreamers, or who have had one too many and always fancied a Ferrari. In most cases there wouldn't be any point in pursuing them, as they've no money, in which case the car would potentially come back on the market.

Do CC carry out any vetting of prospective buyers, to weed out such people?
They take your credit card details and bill you for their commission....after that they don’t care.

The Rotrex Kid

21,801 posts

118 months

Thursday 10th September
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That M3 comp went for strong money!

Some lovely cars there at the moment.

will_

5,927 posts

161 months

Friday 11th September
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SFTWend said:
From a buyers perspective I much prefer The Market, which mostly auctions modern classics. They have most cars on site and, having viewed the lot, attempt to provide a more balanced description. They state an estimated sale price, highlight when reserve nearly met and keep both sold and unsold lots online for a period of time.
I agree, and they have been around for a while.

However they don't have the same presence as CC, and don't get the same calibre of cars. That might be because they charge sellers and not buyers. I also think the name is too vague!

There should be space for both options as they appear to aim for slightly different markets, but (as a buyer) I much prefer the approach of The Market. As a seller CC is more attractive.

MDL111

4,869 posts

135 months

Friday 11th September
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Cheib said:
Pro Bono said:
Bemmer said:
Shill bidding comes to mind.....nono this isn't the first time somthing "sells" but appears again advertised with it's original owner.... the Ferrari advert actually states owned for the last two years.... it'll end up like Ebay very soon if the don't put a stop to it...
There must be some winning bidders who aren't genuine. People who are just dreamers, or who have had one too many and always fancied a Ferrari. In most cases there wouldn't be any point in pursuing them, as they've no money, in which case the car would potentially come back on the market.

Do CC carry out any vetting of prospective buyers, to weed out such people?
They take your credit card details and bill you for their commission....after that they don’t care.
they put a hold on your card 24 hours prior to finish of the auction (or at least they did on mine when I was high bidder) - apart from that nothing happened, so I suspect they don’t do any checks (once it is established that Crédit is good enough to pay the fee)

Cheib

19,341 posts

133 months

Saturday 12th September
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Fairly blatant attempt to bid a car up....nobody serious about buying that car would do that