Collecting Cars auction results
Discussion
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.
Cheib said:
Pro Bono said:
Bemmer said:
Shill bidding comes to mind..... 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?
Collecting Cars is far too open for manipulation, like a lot of auctions unfortunately. I've bought at auction before and there is pretty much zero chance of no wrong doing unless you're the sole bidder on something.
I know someone who runs an auction house and I know 100% they put in fake bids via their telephones.
The only reason to buy at auction (IMHO) is if the auction house are selling something truly unique and you want it.
I know someone who runs an auction house and I know 100% they put in fake bids via their telephones.
The only reason to buy at auction (IMHO) is if the auction house are selling something truly unique and you want it.
dinkel said:
456 is a difficult car with expensive parts compared to the later 550 which is an easy car with a decent service price tag.
I found myself as the highest bidder on this 456 for a while! I've always wanted one, but I got cold feet at the thought of Cat D, window issues, central locking issues and air con not working. The Dick Lovett invoices made for interesting reading too. I do hope that someone got themselves a bargain and that they drive and drive this car.
footsoldier said:
Every auction is allowed to bid up to the reserve. I don’t know if CC does, but what’s the real harm?
If no real bids to the reserve it won’t sell anyway, and if you think house bid is too high, then don’t bid higher....
Exactly this. I have had a friend occasionally help an Ebay car get up to the reserve and then stop. It's not selling below that, it's up to A N Other if they want to pay more. If no real bids to the reserve it won’t sell anyway, and if you think house bid is too high, then don’t bid higher....
limpsfield said:
footsoldier said:
Every auction is allowed to bid up to the reserve. I don’t know if CC does, but what’s the real harm?
If no real bids to the reserve it won’t sell anyway, and if you think house bid is too high, then don’t bid higher....
Exactly this. I have had a friend occasionally help an Ebay car get up to the reserve and then stop. It's not selling below that, it's up to A N Other if they want to pay more. If no real bids to the reserve it won’t sell anyway, and if you think house bid is too high, then don’t bid higher....
You obviously tell your mate what it is but no one else knows.
p1stonhead said:
limpsfield said:
footsoldier said:
Every auction is allowed to bid up to the reserve. I don’t know if CC does, but what’s the real harm?
If no real bids to the reserve it won’t sell anyway, and if you think house bid is too high, then don’t bid higher....
Exactly this. I have had a friend occasionally help an Ebay car get up to the reserve and then stop. It's not selling below that, it's up to A N Other if they want to pay more. If no real bids to the reserve it won’t sell anyway, and if you think house bid is too high, then don’t bid higher....
You obviously tell your mate what it is but no one else knows.
Yes I agree - if you want to bid you need to realise you could trigger the reserve and you end up buying!
SFTWend said:
I can understand an auction house throwing in some early bids to get the ball rolling and generate interest. But if it bids up to, or too close to, reserve surely they risk losing a sale to someone who might have bid close enough to the reserve to close a deal?
If you look at the bidding history for the 964 RS above it had stalled two or three days ago. Before XXXX stepped in to bid it up to Eur 150k and then a few more bid to keep momentum going into the £160k’s. Amazingly having been so involved in that price bracket XXXX didn’t bid again. If that wasn’t CC bidding it up I’d be very surprised. It’s obviously more blatant online because you can see the name of the bidder at each price point...in a normal auction you don’t have that info.
Coveniently on Collecting Cars you can change you ID as often as you want...
SFTWend said:
I can understand an auction house throwing in some early bids to get the ball rolling and generate interest. But if it bids up to, or too close to, reserve surely they risk losing a sale to someone who might have bid close enough to the reserve to close a deal?
I've had plenty of discussions with auctioneers post auction about things I might be interested in that didn't reach reserve.Gassing Station | Supercar General | Top of Page | What's New | My Stuff