Collecting Cars auction results

Collecting Cars auction results

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will_

6,027 posts

202 months

Friday 11th September 2020
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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

6,892 posts

176 months

Friday 11th September 2020
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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

23,110 posts

174 months

Saturday 12th September 2020
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Fairly blatant attempt to bid a car up....nobody serious about buying that car would do that


Oaky

191 posts

171 months

Saturday 12th September 2020
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In my opinion there’s a lot of shill bidding going on. I don’t consider it a reliable indicator of car value and I won’t use it again. Customer service is very good, though

belfry

930 posts

181 months

Sunday 13th September 2020
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Ferrari 456 with 38,000 miles went for £23k tonight.

p1stonhead

25,489 posts

166 months

Sunday 13th September 2020
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CLK Black for £56k seems good!

Cheib

23,110 posts

174 months

Sunday 13th September 2020
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That 964 RS got strong money....amazing how people get carried away bidding in an auction. Amazingly the mystery bidder XXXX who waded in with some dubious bids to seemingly push the price up didn’t buy the car. What a shock.

johnnyreggae

2,930 posts

159 months

Sunday 13th September 2020
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belfry said:
Ferrari 456 with 38,000 miles went for £23k tonight.
Cat D & needs a service MOT & tlc

LaurasOtherHalf

21,429 posts

195 months

Sunday 13th September 2020
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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.

footsoldier

2,251 posts

191 months

Sunday 13th September 2020
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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....

Once it gets past reserve, there’s no house/chandelier bidding

dinkel

26,886 posts

257 months

Monday 14th September 2020
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belfry said:
Ferrari 456 with 38,000 miles went for £23k tonight.
456 is a difficult car with expensive parts compared to the later 550 which is an easy car with a decent service price tag.

belfry

930 posts

181 months

Monday 14th September 2020
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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.

limpsfield

5,871 posts

252 months

Monday 14th September 2020
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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.

p1stonhead

25,489 posts

166 months

Monday 14th September 2020
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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.
Do they tell you the reserve on auctions in general? They don’t tell you on eBay so you should bid knowing it could be binding surely?

You obviously tell your mate what it is but no one else knows.

limpsfield

5,871 posts

252 months

Monday 14th September 2020
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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.
Do they tell you the reserve on auctions in general? They don’t tell you on eBay so you should bid knowing it could be binding surely?

You obviously tell your mate what it is but no one else knows.
On Ebay the reserves are hidden - I think that's the case with CC too?

Yes I agree - if you want to bid you need to realise you could trigger the reserve and you end up buying!

SFTWend

818 posts

74 months

Monday 14th September 2020
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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?

Cheib

23,110 posts

174 months

Monday 14th September 2020
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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...

spikeyhead

17,223 posts

196 months

Monday 14th September 2020
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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.

av185

18,433 posts

126 months

Tuesday 15th September 2020
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BCA and Mannheim invariably fake bid cars up to close to or actual reserve hopefully receiving a proper bid which if not forthcoming they simply re enter the car until it sells.

paul0843

1,914 posts

206 months

Tuesday 15th September 2020
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av185 said:
BCA and Mannheim invariably fake bid cars up to close to or actual reserve hopefully receiving a proper bid which if not forthcoming they simply re enter the car until it sells.
It may not be ethical,but legally I think they can bid up to the reserve.
Paul
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