Collecting Cars auction results

[9Elfer]

rat rod said:

Auctions know this is going on,they don't care as long as they get their commission,

Before On Line auctions the auctioneer would take bids of the wall to get it nearer to the reserves, still do ,no different to friends bidding up the price on line really ,been going on for years.

I can't believe this one. Golf gti mk 2 £16k + 6% commission, Why?

Think we are still in a summer bubble ,see what happens when the clock goes back and it's dark and cold at 4 o'clock.

Edited by rat rod on Tuesday 6th October 16:16

It makes it even more obvious when some cars are actually placed into the site by th dealer aka Lovett/international collectibles themselves

Put in phony/spoofy bids to try to lure someone with unknown knowledge to pay a silly price for the car

If it fails they can just put it at ‘sold’ for a silly price when in fact it was never transacted (maybe transacted from dealer friend A1 to dealer friend A2).

I think the private sales are less spoofy.

I would be very very cautious bidding cars that are classics or where it requires inspection. People are very cautious buying cars on eBay, I don’t understand why they aren’t on collectingcars..

Buddy of mine checked this car out and it was a total fake (was a restamped vin)

https://collectingcars.com/for-sale/1972-porsche-9...

Basically I would treat collectingcars no different from eBay...

If it’s for a 2-3 year car full history, it’s probably safer. Anything else I would much rather buy private or buy through a dealer with good rep.

[9Elfer]

Rari said:

Supposedly this 812 sold a few weeks ago on CC now for sale privately. Did someone not come up with the readies or someone trying to flip...?

https://collectingcars.com/for-sale/2019-ferrari-8...

https://www.autotrader.co.uk/car-details/202010094...

I doubt it sold on the collectingcars site. They probably listed it at sold to prevent prices from dropping massively so they can relist (here on autotrader) and pretend a dealer is paying £222 for it to flip at £238).

Given the economy, no dealer would take these for anything 200+, too much money to get locked up and buyers are slim.

I can find a good handful of cars that says sold on the site that are listed for sale currently.

[Joe5y]

How much did the Fiat Uno Turbo sell for?

[Petrus1983]

Joe5y said:

How much did the Fiat Uno Turbo sell for?

Doesn’t it end tonight? Currently at £9k.

[GT4RS]

Did anyone notice what the 999 Ducati got bid up to?

[ferdi p]

9Elfer said:

I doubt it sold on the collectingcars site. They probably listed it at sold to prevent prices from dropping massively so they can relist (here on autotrader) and pretend a dealer is paying £222 for it to flip at £238).

Given the economy, no dealer would take these for anything 200+, too much money to get locked up and buyers are slim.

I can find a good handful of cars that says sold on the site that are listed for sale currently.

If true that they really advertise cars as sold with a 'winning bid' when not true then I'll never trust this site & unregister asap.

[SFTWend]

I guess it's possible the buyer fails to raise finance or maybe the car was not as advertised and the purchase falls through.

[9Elfer]

ferdi p said:

If true that they really advertise cars as sold with a 'winning bid' when not true then I'll never trust this site & unregister asap.

auction finished on October 5th... listed on autotrader 2 days ago so that's October 10th.

Someone paid and transacted a car for £228k, picked it up, only to list it straightaway for £10k more within 5 days? And he would only make £10k if someone pays the full asking?

Also note the seller is IC - internationalcollectibles... sound familiar?

Nothing wrong with the car not selling on the auction site and then listing it on auto trader... there is something wrong with advertising a car as 'winning bid' when it's basically sold by the 'auction company, at a 'artificial price'

Or it really sold and someone is looking to pocket an easy £10k?

I know which one I'd trust...

[9Elfer]

SFTWend said:

I guess it's possible the buyer fails to raise finance or maybe the car was not as advertised and the purchase falls through.

The buyer supposedly has 7 days to complete the purchase.. the car was listed on autotrader in 5 days? Sounds too fishy.

Also I see how 'internationalcollectibles' is selling the car as 'private' when it fact they are a trade practice, sounds like less protection for the buyer.

The currently listed Ferrari 550, the seller type is 'managed'? What does that mean I wonder.

Does the seller have to prove they are the rightful owner of the car before cc lists it?

[9Elfer]

CWagstaff said:

Anyone noticed yet another Ferrari whereby friends and colleagues of the owner are bidding the price up!
Not for the first time.
Tried to bring to the attention of CC that numerous cars were being misdescribed and didn’t even respond.
This has to be a Covid novelty as no reasonable explanation as to why bidders paying as much for a car with no guarantees whatsoever as opposed to similar or lower price from a reputable garage.
Also any number of private sellers that are in reality dealers.
Any thoughts?

I see the same thing too. Many dealers are putting up cars for sale as private to wiggle out of consumer protection.

I think the site would work a lot more honest if it properly respected the dealer/private sale category, and also that the owner of the auction site should not be listed their own inventory.. that's just a recipe for making things up.

[GT4RS]

9Elfer said:

CWagstaff said:

Anyone noticed yet another Ferrari whereby friends and colleagues of the owner are bidding the price up!
Not for the first time.
Tried to bring to the attention of CC that numerous cars were being misdescribed and didn’t even respond.
This has to be a Covid novelty as no reasonable explanation as to why bidders paying as much for a car with no guarantees whatsoever as opposed to similar or lower price from a reputable garage.
Also any number of private sellers that are in reality dealers.
Any thoughts?

I see the same thing too. Many dealers are putting up cars for sale as private to wiggle out of consumer protection.

I think the site would work a lot more honest if it properly respected the dealer/private sale category, and also that the owner of the auction site should not be listed their own inventory.. that's just a recipe for making things up.

They should also display final bid prices when vehicles fail to sell.

I emailed on the 999 Ducati as I was aware it failed to sell, the asking price they wanted for it higher than normal retail. I get the impression this may be there own stock.

[JaseB]

ferdi p said:

If true it's surely misleading to leave it in the sold section?

Not convinced this is 'sold' by CC either although clearly in their sold section:
https://collectingcars.com/for-sale/1995-ford-esco...

Up for sale (and sold) on The Market a month later with the same vendor - also with an extra 100k miles but that could easily be a typo obvs...
https://themarket.co.uk/listings/ford/escort-rs-co...

[GT4RS]

JaseB said:

ferdi p said:

If true it's surely misleading to leave it in the sold section?

Not convinced this is 'sold' by CC either although clearly in their sold section:
https://collectingcars.com/for-sale/1995-ford-esco...

Up for sale (and sold) on The Market a month later with the same vendor - also with an extra 100k miles but that could easily be a typo obvs...
https://themarket.co.uk/listings/ford/escort-rs-co...

That escort has been on and off sale for some time, it’s been on other sites as well.

[9Elfer]

JaseB said:

Not convinced this is 'sold' by CC either although clearly in their sold section:
https://collectingcars.com/for-sale/1995-ford-esco...

Up for sale (and sold) on The Market a month later with the same vendor - also with an extra 100k miles but that could easily be a typo obvs...
https://themarket.co.uk/listings/ford/escort-rs-co...

If too many of the same things happen.. it's not a coincidence.

'Sold' on CC for 42k+fees so £45k.

And on The Market "We expect this Escort RS Cosworth to sell for between £26,000 and £35,000 to take account of that high mileage early in the car’s life."

So buying it for £35k would be a bargain given the new owner lost £10k in 1 month!

[GT4RS]

JaseB said:

ferdi p said:

If true it's surely misleading to leave it in the sold section?

Not convinced this is 'sold' by CC either although clearly in their sold section:
https://collectingcars.com/for-sale/1995-ford-esco...

Up for sale (and sold) on The Market a month later with the same vendor - also with an extra 100k miles but that could easily be a typo obvs...
https://themarket.co.uk/listings/ford/escort-rs-co...

It’s also done 138k not 38k

[Driver101]

JaseB said:

ferdi p said:

If true it's surely misleading to leave it in the sold section?

Not convinced this is 'sold' by CC either although clearly in their sold section:
https://collectingcars.com/for-sale/1995-ford-esco...

Up for sale (and sold) on The Market a month later with the same vendor - also with an extra 100k miles but that could easily be a typo obvs...
https://themarket.co.uk/listings/ford/escort-rs-co...

The CC advert is deceitful, but the second advert clears it up.

The odometer does show 38k, but the history shows the mileage to be 138k.

[JaseB]

GT4RS said:

It’s also done 138k not 38k

Yeh, I noticed that
My point was that it's the CC 'Sold' section and at face value it looks like they didn't actually sell it...

[9Elfer]

I think they try to copy it off a BaT style platform but its worse than ebay.

For a £20-30k car, <10 years old, I can see how it makes sense.

I can't wrap around how people can buy classic cars through this platform without arrange a viewing on inspection. You wouldn't do it on ebay, autotrader, or a private advert, what's happening here that's led all the buyers to have supreme confidence?

Great platform for sellers though.

Moderator edit: no defamatory comments please

[JaseB]

The Escort has now disappeared from the CC sold section, I guess they must be paying attention...

[Driver101]

JaseB said:

The Escort has now disappeared from the CC sold section, I guess they must be paying attention...

Sneaky.