Collecting Cars auction results

[ANOpax]

MDL111 said:

Never spent time researching Calis, but I thought the transmission issue was mostly an early FF issue due to first V12 application (mine already had gearbox leaks/issues or some such fixed on 2 occasions - for once an item the Ferrari warranty covered as opposed to every other thing that breaks regularly)

No, the oft referred to DCT problem affected early Calis, 458s and FFs. It was caused by tie wraps on the wiring loom turning brittle in the heat of the gearbox. As a result of turning brittle, the wraps then chafed the wiring in the loom leading to sensor errors. This was exacerbated on early Calis as the DCT box didn’t have adequate cooling - later sorted on the Cali-T.

The initial response from Ferrari was to replace the DCT boxes as dealer techs were not trained to strip and rebuild the boxes as they were not designed to be serviceable - Hence the legends of major failures and major costs to fix if outside warranty. The solution now is to strip and rebuild the box at the dealership for a cost of about £7k.

The brittle tie-wrap problem was solved post 2012 so if you’ve suffered another gearbox issue (such a leaking seals) then it’s likely to be bad luck or age related rather than an endemic problem.

Edited by ANOpax on Friday 30th October 06:12

[bigmowley]

will_ said:

webstercivet said:

Cheib said:

Did anyone see what the 73 RS got bid to ?

£462,500 from memory. Not on the Sold page - does that mean didn’t reach reserve?

It got to £463,000 and doesn't appear to have sold.

Now marked as sold at £475K. Presumably an after auction haggle.

[MDL111]

ANOpax said:

MDL111 said:

Never spent time researching Calis, but I thought the transmission issue was mostly an early FF issue due to first V12 application (mine already had gearbox leaks/issues or some such fixed on 2 occasions - for once an item the Ferrari warranty covered as opposed to every other thing that breaks regularly)

No, the oft referred to DCT problem affected early Calis, 458s and FFs. It was caused by tie wraps on the wiring loom turning brittle in the heat of the gearbox. As a result of turning brittle, the wraps then chafed the wiring in the loom leading to sensor errors. This was exacerbated on early Calis as the DCT box didn’t have adequate cooling - later sorted on the Cali-T.

The initial response from Ferrari was to replace the DCT boxes as dealer techs were not trained to strip and rebuild the boxes as they were not designed to be serviceable - Hence the legends of major failures and major costs to fix if outside warranty. The solution now is to strip and rebuild the box at the dealership for a cost of about £7k.

The brittle tie-wrap problem was solved post 2012 so if you’ve suffered another gearbox issue (such a leaking seals) then it’s likely to be bad luck or age related rather than an endemic problem.

Edited by ANOpax on Friday 30th October 06:12

thank you, that’s interesting to know (not that I plan to buy another DCT car, but still good to know)

[9Elfer]

bigmowley said:

Now marked as sold at £475K. Presumably an after auction haggle.

so £481 after fees?

[Upperworks]

TP321 said:

WBAC gives a price of £73k for the Rolls Royce Wraith..its going to cost someone £100k and it’s definitely not in a resale colour scheme either inside or outside. I am definitely seeing CC as a selling platform but not a buying one

Really? WBAC is the measure? I put my 6spd 840 into it a while back and it said £50. Not seen a Wraith anywhere for close to £73k, have you?

[webstercivet]

bigmowley said:

will_ said:

webstercivet said:

Cheib said:

Did anyone see what the 73 RS got bid to ?

£462,500 from memory. Not on the Sold page - does that mean didn’t reach reserve?

It got to £463,000 and doesn't appear to have sold.

Now marked as sold at £475K. Presumably an after auction haggle.

Makes the auction seem a bit pointless if the winner was willing to up their bid by £12k after the event.

[LaurasOtherHalf]

The seller of the 996.2 GT3 have implicitly stated in the comments that no customer protection is offered on the car via the sale.

[limpsfield]

webstercivet said:

Makes the auction seem a bit pointless if the winner was willing to up their bid by £12k after the event.

Not really, surely? If I am happy to pay £500 for a car That has a reserve set there, but the other bidder drops out at £350, unless the price gets bid up from there then the price is stuck there. I may still be happy to pay more and do a deal after.

[will_]

webstercivet said:

bigmowley said:

will_ said:

webstercivet said:

Cheib said:

Did anyone see what the 73 RS got bid to ?

£462,500 from memory. Not on the Sold page - does that mean didn’t reach reserve?

It got to £463,000 and doesn't appear to have sold.

Now marked as sold at £475K. Presumably an after auction haggle.

Makes the auction seem a bit pointless if the winner was willing to up their bid by £12k after the event.

Post auction deals are fairly common. It may have taken the auction and the failure to hit the reserve for the vendor to accept that the car isn't worth what they thought it was.

[webstercivet]

limpsfield said:

webstercivet said:

Makes the auction seem a bit pointless if the winner was willing to up their bid by £12k after the event.

Not really, surely? If I am happy to pay £500 for a car That has a reserve set there, but the other bidder drops out at £350, unless the price gets bid up from there then the price is stuck there. I may still be happy to pay more and do a deal after.

Yeah. Just means in this case the auction format didn't have the desired effect of extracting the best price from the market -- indeed, if the seller had put up a private ad at £481k, and the same buyer saw it, the seller would have taken home £6k more.

[footsoldier]

£6k is pretty much irrelevant in this size of deal though.
Seller could have got lucky, didn't, and then took what was on offer. Still seems like a good price to me.
For whatever reason, cars are shifting on CC which could easily sit in a dealer for long enough.

[Ferruccio]

webstercivet said:

Makes the auction seem a bit pointless if the winner was willing to up their bid by £12k after the event.

No. Vendor presumably hoped it would be bid higher.

[bigmowley]

Carrera GT is another big ticket car on there at the moment. Seems to have been well used, enjoyed and serviced in the USA and then sat around in Europe for several years. There must be a back story to this car? Presumably due it’s engine out service and a scutch of work to get it up to scratch. Odd car to auction unless it’s got a story. Anyone?
Same vendor as the 997 4.0RS?

[will_]

bigmowley said:

Carrera GT is another big ticket car on there at the moment. Seems to have been well used, enjoyed and serviced in the USA and then sat around in Europe for several years. There must be a back story to this car? Presumably due it’s engine out service and a scutch of work to get it up to scratch. Odd car to auction unless it’s got a story. Anyone?
Same vendor as the 997 4.0RS?

It's got to be better than trying to get the trade to actually give a price for it, and will perhaps return much more than SOR (and with less risk).

It will be interesting to see what it goes for with that history and miles.

[TP321]

Upperworks said:

Really? WBAC is the measure? I put my 6spd 840 into it a while back and it said £50. Not seen a Wraith anywhere for close to £73k, have you?

WBAC is the measure if you want to sell your car the next day - instant liquidity. The Wraith is a very illiquid car - been watching the same cars sitting around the dealerships and gradually being reduced. That's why WBAC is offering what it is - it knows the market better than you and i.

[Algarve]

webstercivet said:

Yeah. Just means in this case the auction format didn't have the desired effect of extracting the best price from the market -- indeed, if the seller had put up a private ad at £481k, and the same buyer saw it, the seller would have taken home £6k more.

How would he have known where to price it at without trying to auction it first?

[MDMA .]

Algarve said:

webstercivet said:

Yeah. Just means in this case the auction format didn't have the desired effect of extracting the best price from the market -- indeed, if the seller had put up a private ad at £481k, and the same buyer saw it, the seller would have taken home £6k more.

How would he have known where to price it at without trying to auction it first?

Eh?
He set the reserve above £463k so knew what he wanted for it before listing it in the auction.

[Cheib]

Algarve said:

webstercivet said:

Yeah. Just means in this case the auction format didn't have the desired effect of extracting the best price from the market -- indeed, if the seller had put up a private ad at £481k, and the same buyer saw it, the seller would have taken home £6k more.

How would he have known where to price it at without trying to auction it first?

It’s been for sale for a loooong time....for quite a but more and had been gradually reduced in price. I am sure they’d have had offers on it.

[AMTony]

Was bidding yesterday and when it came to last 60 secs, the site would not accept any further bids.
I had placed previous bids so no issue with payment etc.
Absolute joke!

[Pro Bono]

bigmowley said:

will_ said:

webstercivet said:

Cheib said:

Did anyone see what the 73 RS got bid to ?

£462,500 from memory. Not on the Sold page - does that mean didn’t reach reserve?

It got to £463,000 and doesn't appear to have sold.

Now marked as sold at £475K. Presumably an after auction haggle.

I don't think CC should be showing a sale price of £475k if it was a post-auction deal. It's seriously misleading, as the casual viewer would assume that the car had been sold at auction, thereby making CC auctions seem more successful than they actually are.