Collecting Cars auction results

Collecting Cars auction results

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Cheib

20,046 posts

138 months

Tuesday 27th October 2020
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This is interesting. This car was auctioned in maybe May or June on Collection Cars and got to something like £135k...didn’t make reserve and has been for sale on PH via a private advert over the summer..I think it got to £113k.

Two things come to mind...a) how not to sell a car and b) that’s a big change in the market.


Stryke

607 posts

125 months

Wednesday 28th October 2020
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Noticing quite a few no sales or low selling prices generally. Market has very much changed from that of the earlier in the spring/summer when people were bored and wanted to spend some dosh.

Leftfootwonder

865 posts

21 months

Wednesday 28th October 2020
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Sports cars and the British winter do not really go hand in hand. I'm sure things will pick up again in spring assuming the world hasn't imploded by then.

MDL111

5,200 posts

140 months

Wednesday 28th October 2020
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Going by my own current view of the world I find this not entirely surprising, while I was buying cars in the first half of the year, I am now very much thinking about selling (probably in spring) to release some cash and reduce ongoing expenses given what looks like substantially lower income than expected

MDMA .

6,121 posts

64 months

Wednesday 28th October 2020
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Stryke said:
Noticing quite a few no sales or low selling prices generally. Market has very much changed from that of the earlier in the spring/summer when people were bored and wanted to spend some dosh.
Bounce back loans coming to an end also wink

GT4RS

2,685 posts

160 months

Wednesday 28th October 2020
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Yesterday the mk3 escort sold for nearly 50k.


Clearly buyers out there for the best of the best cars and willIng to spend the money when needed.

MDMA .

6,121 posts

64 months

Wednesday 28th October 2020
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GT4RS said:
Yesterday the mk3 escort sold for nearly 50k.


Clearly buyers out there for the best of the best cars and willIng to spend the money when needed.
Not a bad price. Been for sale at the below dealer for a while. Remember it from a couple of years ago. And to think what I let mine go for frown


https://www.thecarspecialists.com/vehicle/ford-esc...

rat rod

1,259 posts

28 months

Wednesday 28th October 2020
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Cheib said:
This is interesting. This car was auctioned in maybe May or June on Collection Cars and got to something like £135k...didn’t make reserve and has been for sale on PH via a private advert over the summer..I think it got to £113k.

Two things come to mind...a) how not to sell a car and b) that’s a big change in the market.

Sure i saw this Aston at a Goodwood track day i was attending this summer ,can't be many this colour, looked and sounded amazing ,

Don't know how it got away with the noise test, must have had to backed off in the wright places like the rest of us.

cayman-black

10,021 posts

179 months

Thursday 29th October 2020
quotequote all
Cheib said:
This is interesting. This car was auctioned in maybe May or June on Collection Cars and got to something like £135k...didn’t make reserve and has been for sale on PH via a private advert over the summer..I think it got to £113k.

Two things come to mind...a) how not to sell a car and b) that’s a big change in the market.

I see once again this lovely Aston has not sold, its a very special car but it seems no one thinks its worth what the owner does.

TP321

1,314 posts

161 months

Thursday 29th October 2020
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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

ANOpax

376 posts

129 months

Friday 30th October 2020
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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

1,001 posts

139 months

Friday 30th October 2020
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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

5,200 posts

140 months

Friday 30th October 2020
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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

49 posts

57 months

Friday 30th October 2020
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bigmowley said:
Now marked as sold at £475K. Presumably an after auction haggle.
so £481 after fees?

Upperworks

1,192 posts

115 months

Friday 30th October 2020
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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

252 posts

37 months

Friday 30th October 2020
quotequote all
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

19,316 posts

159 months

Friday 30th October 2020
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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

5,089 posts

216 months

Friday 30th October 2020
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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_

5,998 posts

166 months

Friday 30th October 2020
quotequote all
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

252 posts

37 months

Friday 30th October 2020
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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.
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