Collecting Cars auction results
Discussion
Van Dessel said:
Please don't tell people not to speculate, when it comes to money folks have every right to be cautious and suspicious and speculate. Especially when there is so little buyer protection involved. This is the only hedge against downside risk.
Do people think CH could be in breach of whatever social media impartiality/objectivity clauses there are the BBC contract?
In the interest of balance, pursuing the recent Silverstone auction results indicates 911 prices are strong for specialist models. Some really cool distinctive cars in here: https://www.silverstoneauctions.com/events/2020-au...
and https://www.silverstoneauctions.com/events/2020-au...
That peach coloured 911 was in the coming auctions on CC IIRC.
Strong results indeed ......Add commission too presumably unless that final number includes the commDo people think CH could be in breach of whatever social media impartiality/objectivity clauses there are the BBC contract?
In the interest of balance, pursuing the recent Silverstone auction results indicates 911 prices are strong for specialist models. Some really cool distinctive cars in here: https://www.silverstoneauctions.com/events/2020-au...
and https://www.silverstoneauctions.com/events/2020-au...
That peach coloured 911 was in the coming auctions on CC IIRC.
robsco said:
I must admit, I won’t be using CC again after selling an Elan Plus 2 with them recently. I will point out from the outset, they didn’t do anything especially wrong; but for anyone who markets a car with them, I’d just advise caution. CC want to sell your car - but they do not care about getting the best possible price for you, the vendor.
Yes they deal in enthusiast cars, but I am not sure the place is truly run by enthusiasts (shameless Chris Harris plugs don’t convince me otherwise). And yes, you may argue that the higher the selling price, the higher the fees so of course it is in their interest to maximise the selling price - but this was not the impression I got from selling with them.
It is difficult not to get caught up in the whirlwind when the car has been online a week and is coming to the end. “Lower the reserve”. “We advise you remove the reserve to ensure the car sells”. “This is all the car is worth”. “Don’t miss out.” Unfortunately I was too easily influenced and got lost in the romance of an imaginary “bidding flurry” at the end. My car had a few issues, but in the end it was still grossly undersold and I still kick myself now, a few months on.
So, to those using CC. Don’t lose sight of your car’s worth. Set yourself a bottom value and don’t allow yourself to be drawn into lowering it. If it doesn’t make reserve, take stock before you make any rash decisions and don’t succumb to the pressures of a ticking clock, or by CC staff pushing you otherwise.
One more point, a small one but one I think is noteworthy. During the final hours of the auction I had a flurry of messages from one of their representatives, understandable. When the auction finished I never heard another word from CC.
Similar to my experience, they act all casual and in your interest but in the last few hours of your auction ending, i had four calls pressuring me to lower the reserve price- which is in their best interest to get some kind of commision rather than none. Yes they deal in enthusiast cars, but I am not sure the place is truly run by enthusiasts (shameless Chris Harris plugs don’t convince me otherwise). And yes, you may argue that the higher the selling price, the higher the fees so of course it is in their interest to maximise the selling price - but this was not the impression I got from selling with them.
It is difficult not to get caught up in the whirlwind when the car has been online a week and is coming to the end. “Lower the reserve”. “We advise you remove the reserve to ensure the car sells”. “This is all the car is worth”. “Don’t miss out.” Unfortunately I was too easily influenced and got lost in the romance of an imaginary “bidding flurry” at the end. My car had a few issues, but in the end it was still grossly undersold and I still kick myself now, a few months on.
So, to those using CC. Don’t lose sight of your car’s worth. Set yourself a bottom value and don’t allow yourself to be drawn into lowering it. If it doesn’t make reserve, take stock before you make any rash decisions and don’t succumb to the pressures of a ticking clock, or by CC staff pushing you otherwise.
One more point, a small one but one I think is noteworthy. During the final hours of the auction I had a flurry of messages from one of their representatives, understandable. When the auction finished I never heard another word from CC.
p1stonhead said:
How much would have this been new? £300k?
Someone presumably never used it and stuck it away hoping it’d be worth millions one day.
Hope the new owner drives and enjoys it - they have been dipping for a couple of years so the seller will have known for some time that they were on the wrong side of the flip.Someone presumably never used it and stuck it away hoping it’d be worth millions one day.
I've sold via CC and they did shift a 911 for me that I had struggled to sell so can't fault them for that.
With regard due diligence there is almost none done other than asking the owner so eyes wide open on that front. This is normal for auctions and shouldn't be overlooked just because Chris Harris helps to promote it.
Don't lift your reserve
Don't lift your reserve
Oh and one last tip don't lift your reserve
They seem to have had some mixed results recently the 458 Special must have been an utter gut punch for the owner. On the other hand they shifted a complete shed of an Exige for £5000 more than what I thought it was worth (with fees)
I think the novelty factor is probably wearing off a tad now but it can still be a good platform for the right cars. The capped buyers fees make it a far better option for a lot of much more expensive cars. They are very low volume when you sit and watch Silverstone rattle through 100 cars in a day though so still early days for them. Covid has probably served them well!
With regard due diligence there is almost none done other than asking the owner so eyes wide open on that front. This is normal for auctions and shouldn't be overlooked just because Chris Harris helps to promote it.
Don't lift your reserve
Don't lift your reserve
Oh and one last tip don't lift your reserve
They seem to have had some mixed results recently the 458 Special must have been an utter gut punch for the owner. On the other hand they shifted a complete shed of an Exige for £5000 more than what I thought it was worth (with fees)
I think the novelty factor is probably wearing off a tad now but it can still be a good platform for the right cars. The capped buyers fees make it a far better option for a lot of much more expensive cars. They are very low volume when you sit and watch Silverstone rattle through 100 cars in a day though so still early days for them. Covid has probably served them well!
ks ? who is going to be first to redact ?fridaypassion said:
I've sold via CC and they did shift a 911 for me that I had struggled to sell so can't fault them for that.
With regard due diligence there is almost none done other than asking the owner so eyes wide open on that front. This is normal for auctions and shouldn't be overlooked just because Chris Harris helps to promote it.
Don't lift your reserve
Don't lift your reserve
Oh and one last tip don't lift your reserve
They seem to have had some mixed results recently the 458 Special must have been an utter gut punch for the owner. On the other hand they shifted a complete shed of an Exige for £5000 more than what I thought it was worth (with fees)
I think the novelty factor is probably wearing off a tad now but it can still be a good platform for the right cars. The capped buyers fees make it a far better option for a lot of much more expensive cars. They are very low volume when you sit and watch Silverstone rattle through 100 cars in a day though so still early days for them. Covid has probably served them well!
I thought both speciales sold really well considering the lack of warranties etc. The winning bid on the F8 on the other hand must have been a kick in the ?? for the ownerWith regard due diligence there is almost none done other than asking the owner so eyes wide open on that front. This is normal for auctions and shouldn't be overlooked just because Chris Harris helps to promote it.
Don't lift your reserve
Don't lift your reserve
Oh and one last tip don't lift your reserve
They seem to have had some mixed results recently the 458 Special must have been an utter gut punch for the owner. On the other hand they shifted a complete shed of an Exige for £5000 more than what I thought it was worth (with fees)
I think the novelty factor is probably wearing off a tad now but it can still be a good platform for the right cars. The capped buyers fees make it a far better option for a lot of much more expensive cars. They are very low volume when you sit and watch Silverstone rattle through 100 cars in a day though so still early days for them. Covid has probably served them well!
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