Collecting Cars auction results
Discussion
Cheib said:
Have to say I don’t think the eBay comparison is a good one. The big difference there is people leave feedback on seller and you can see their past history so it is in the sellers interest to declare everything “warts and all”.
I agree, I also have an issue if they really do put cars in the sold section that didn't actually sell!I would be delighted if CC was more like The Market.
I bought a reasonably expensive car from The Market and I liked:
Their description was spot on and detailed
They have an estimated sale price
Car was at their headquarters, I didn't view it I had it collected and delivered to me, they only released it once proof of payment at both ends
No buyer fees
More passion for the job
They test the cars
I would happily buy from CC if they had the above. They are a glorified Ebay.
I bought a reasonably expensive car from The Market and I liked:
Their description was spot on and detailed
They have an estimated sale price
Car was at their headquarters, I didn't view it I had it collected and delivered to me, they only released it once proof of payment at both ends
No buyer fees
More passion for the job
They test the cars
I would happily buy from CC if they had the above. They are a glorified Ebay.
Cheib said:
Have to say I don’t think the eBay comparison is a good one. The big difference there is people leave feedback on seller and you can see their past history so it is in the sellers interest to declare everything “warts and all”.
I spoke with collecting cars when I considered selling a classic car I own. The person I spoke was very easy to deal with and was spoke about the private sale process. Mentioned you or they could take the photos, but you would need to provide them with information to allow them to write the advert which you then proof read before going live. The part I didn’t like was you where left to deal with the buyer once the auction had ended, it appears to me the buyers card would debited at the end of the auction and they then was their heads with it. With this in mind I felt 6% was expensive as any normal
buyer would Just deduct this figure from there bids and stop bidding below private sell market value.
If they took control of the final sale process I would understand the 6% fees, but in my opinion you are just reducing your car by 6% to host it on their website.
Just out of interest how does the fee being deducted from your credit card sit with section 75 protection? Obviously the max fee Is £6K so well inside the £30K limit.
Let’s say you are the winning bidder but on finalizing the deal something is not acceptable and you withdraw from the deal. Can you claim the fee back via section 75?
Just a thought.
Let’s say you are the winning bidder but on finalizing the deal something is not acceptable and you withdraw from the deal. Can you claim the fee back via section 75?
Just a thought.
birdcage said:
I would be delighted if CC was more like The Market.
I bought a reasonably expensive car from The Market and I liked:
Their description was spot on and detailed
They have an estimated sale price
Car was at their headquarters, I didn't view it I had it collected and delivered to me, they only released it once proof of payment at both ends
No buyer fees
More passion for the job
They test the cars
I would happily buy from CC if they had the above. They are a glorified Ebay.
That's good feedback and great to hear they are as honest and transparent as they appear. I've bid on a couple of their cars and will continue to do so.I bought a reasonably expensive car from The Market and I liked:
Their description was spot on and detailed
They have an estimated sale price
Car was at their headquarters, I didn't view it I had it collected and delivered to me, they only released it once proof of payment at both ends
No buyer fees
More passion for the job
They test the cars
I would happily buy from CC if they had the above. They are a glorified Ebay.
I hope they prosper and grow. I guess they could set up more locations and offer more than just classics to broaden their market.
GT4RS said:
Cheib said:
Have to say I don’t think the eBay comparison is a good one. The big difference there is people leave feedback on seller and you can see their past history so it is in the sellers interest to declare everything “warts and all”.
I spoke with collecting cars when I considered selling a classic car I own. The person I spoke was very easy to deal with and was spoke about the private sale process. Mentioned you or they could take the photos, but you would need to provide them with information to allow them to write the advert which you then proof read before going live. The part I didn’t like was you where left to deal with the buyer once the auction had ended, it appears to me the buyers card would debited at the end of the auction and they then was their heads with it. With this in mind I felt 6% was expensive as any normal
buyer would Just deduct this figure from there bids and stop bidding below private sell market value.
If they took control of the final sale process I would understand the 6% fees, but in my opinion you are just reducing your car by 6% to host it on their website.
Why CC or The Market - the traffic they're generating in terms of views is the key attraction especially if it's a rare model of car which you won't get for traditional classifieds or eBay - also with market the way it is the auction model seems to be delivering punchy prices
CC is nowhere near as transparent as BaT. It would have more credibility if it were.
CC's 6% fee is arguably high for the limited "service" they provide (plus the question marks over who has legal comeback against whom). Presumably as similar sites try to gain a foothold in the market commercial pressures may impact the level of fees and/or the law will eventually catch up with current commercial practices and legislation or a court case will clarify the legal technicalities. Having said that, the fact that CC's fee is capped rather than a flat rate across the board is attractive when compared with a traditional auction house fee structure once you are dealing with more expensive cars.
But at the end of the day it's currently caveat emptor and no one is forcing people to buy or sell through CC. Having said that, notwithstanding that it may seem like the wild west at the moment to some people, it wouldn't stop me buying the right car at what I considered to be the right price. For example, the recent RHD Maserati Sebring Series I. The listing was very detailed, the specialists involved in the car's history are well known and you won't find another one for sale (less than 10 exist). Someone bought it for 48,000 pounds less (including accounting for the CC fee) than it was contemporaneously being advertised for on Jeremy Cottingham's website. If I had the funds, and fancied a Sebring, I would have had no reservations about buying it through the CC platform at the price it went for.
CC's 6% fee is arguably high for the limited "service" they provide (plus the question marks over who has legal comeback against whom). Presumably as similar sites try to gain a foothold in the market commercial pressures may impact the level of fees and/or the law will eventually catch up with current commercial practices and legislation or a court case will clarify the legal technicalities. Having said that, the fact that CC's fee is capped rather than a flat rate across the board is attractive when compared with a traditional auction house fee structure once you are dealing with more expensive cars.
But at the end of the day it's currently caveat emptor and no one is forcing people to buy or sell through CC. Having said that, notwithstanding that it may seem like the wild west at the moment to some people, it wouldn't stop me buying the right car at what I considered to be the right price. For example, the recent RHD Maserati Sebring Series I. The listing was very detailed, the specialists involved in the car's history are well known and you won't find another one for sale (less than 10 exist). Someone bought it for 48,000 pounds less (including accounting for the CC fee) than it was contemporaneously being advertised for on Jeremy Cottingham's website. If I had the funds, and fancied a Sebring, I would have had no reservations about buying it through the CC platform at the price it went for.
bish_345 said:
...For example, the recent RHD Maserati Sebring Series I. The listing was very detailed, the specialists involved in the car's history are well known and you won't find another one for sale (less than 10 exist). Someone bought it for 48,000 pounds less (including accounting for the CC fee) than it was contemporaneously being advertised for on Jeremy Cottingham's website. If I had the funds, and fancied a Sebring, I would have had no reservations about buying it through the CC platform at the price it went for.
Still being advertised there.Interesting to see the 996 gt3rs from jersey back on CC
https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
GT4RS said:
Interesting to see the 996 gt3rs from jersey back on CC
https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
Coming from the CI there's a small chance there's a VAT liability on that car should it come back to the mainland.https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
21ATS said:
GT4RS said:
Interesting to see the 996 gt3rs from jersey back on CC
https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
Coming from the CI there's a small chance there's a VAT liability on that car should it come back to the mainland.https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
JaseB said:
Thanks, JaseB, i was wrong.GT4RS said:
Interesting to see the 996 gt3rs from jersey back on CC
https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
Hmm , no AC and a few miles, lets see.https://collectingcars.com/for-sale/2003-porsche-9...
It struggled last time on the bidding be interesting to see when the reserve gets lifted.
last one sold went to 434K in July https://collectingcars.com/for-sale/1973-porsche-9... maybe the bidder lost out and didnt want to F around with all the nonsesnse stepping up bids ...if that the percieved genuine worth. Makes sense and it will have a very heavy reserve on it anyway. likely around the 400
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