Collecting Cars auction results

Collecting Cars auction results

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Mezzanine

6,096 posts

184 months

Thursday 14th January
quotequote all
Drclarke said:
A watch one ?
Here

ferrisbueller

26,438 posts

192 months

Thursday 14th January
quotequote all
paulguitar said:
Drclarke said:
They do hound people into lowering the reserve just to get their commission. If they tried it on with me or anyone I know they would be told to go forth and multiply and remove the listing immediately.
Couldn't you just spare the drama and inform them you'd like to stick to your original reserve?
They don't accept that.

fridaypassion

5,516 posts

193 months

Thursday 14th January
quotequote all
FYI I wasn't "hounded" I was contacted by the chap that had guided e through the while process and it was agreed. Language like that totally misrepresents CC they are good people to deal with!

Drclarke

1,088 posts

138 months

Thursday 14th January
quotequote all
ferrisbueller said:
They don't accept that.
That’s outrageous!

GT4RS

2,753 posts

162 months

Thursday 14th January
quotequote all
Zulu 10 said:
Is this the same Collecting Cars who are now making a nuisance of themselves by phoning people who have adverts posted on carandclassic.co.uk, and trying to persuade them to sell their car by auction instead?

Presumably Collecting Cars is in trouble so they’re resorting to cold calling as a way of drumming up business...
They were doing this in the summer.

GT4RS

2,753 posts

162 months

Thursday 14th January
quotequote all
CRA1G said:
Mezzanine said:
hehe




Their foray into selling watches is now open for consignments. Will be interesting to see what happens there too.
Only time will tell.....
It was only a matter of time!

Dynamic Space Wizard

819 posts

69 months

Friday 15th January
quotequote all
GT4RS said:
CRA1G said:
Mezzanine said:
hehe




Their foray into selling watches is now open for consignments. Will be interesting to see what happens there too.
Only time will tell.....
It was only a matter of time!
Is this some kind of wind up?

Bemmer

848 posts

167 months

Friday 15th January
quotequote all
Dynamic Space Wizard said:
GT4RS said:
CRA1G said:
Mezzanine said:
hehe




Their foray into selling watches is now open for consignments. Will be interesting to see what happens there too.
Only time will tell.....
It was only a matter of time!
Is this some kind of wind up?
No. TikTok is all the craze at the moment....

bennno

7,126 posts

234 months

Friday 15th January
quotequote all
So heres my personal experience

- Agree to list car, with reserve

- When car is 3k below reserve I get asked to remove reserve as car will then do better and CC offer to underwrite that they will guarantee i'm no worse than 1k lower than initial reserve. Nothing untoward in their t&c's say they can use their fee to do this.

- By pure chance a bid then comes in at value they offered to underwrite it at, from somebody bidding on 4-5 cars simultaneously. oddly and unexpectedly it then sits for 6 days with no further bids.

- On completion im very suprised to be told the winning buyer is in Hong Kong / China and given a partial telephone number and Gmail address. Oddly t&c's say site only to be used in specific countries and HK / China not on list. Sale suddenly seems much higher risk profile.

- Zero contact from buyer / no response from any emails now for almost 48 hours post sale.

- Speak to CC who suggest they also can't call him, are in dialogue via email, he's now not sure he wants it, but the general gist is as they want their 6% fee irrespective and I need to wait 7 days. If I sell elsewhere and withdraw from this debacle then they will bill me the sale fee.

- Seems if he doesn't complete they just pocket the full sales fee and as a seller tie your car up for an extra week with no sale.

Further updates to follow......

Drclarke

1,088 posts

138 months

Friday 15th January
quotequote all
What the hell??

They still want their fee, and they want to tie you in because of their mess?

Sharks.

jw673

116 posts

81 months

Friday 15th January
quotequote all
bennno said:
So heres my personal experience

- Agree to list car, with reserve

- When car is 3k below reserve I get asked to remove reserve as car will then do better and CC offer to underwrite that they will guarantee i'm no worse than 1k lower than initial reserve. Nothing untoward in their t&c's say they can use their fee to do this.

- By pure chance a bid then comes in at value they offered to underwrite it at, from somebody bidding on 4-5 cars simultaneously. oddly and unexpectedly it then sits for 6 days with no further bids.

- On completion im very suprised to be told the winning buyer is in Hong Kong / China and given a partial telephone number and Gmail address. Oddly t&c's say site only to be used in specific countries and HK / China not on list. Sale suddenly seems much higher risk profile.

- Zero contact from buyer / no response from any emails now for almost 48 hours post sale.

- Speak to CC who suggest they also can't call him, are in dialogue via email, he's now not sure he wants it, but the general gist is as they want their 6% fee irrespective and I need to wait 7 days. If I sell elsewhere and withdraw from this debacle then they will bill me the sale fee.

- Seems if he doesn't complete they just pocket the full sales fee and as a seller tie your car up for an extra week with no sale.

Further updates to follow......
Was the "buyer's" email address edward.wovett@gmail.cn? I hear he's kind of a big deal (in China).

OldAndTired

159 posts

10 months

Friday 15th January
quotequote all
Breaking news - auction site has a small percentage of transactions marred by either a dodgy buyer or dodgy seller.

In other news - a bear shat in the woods.

If the T&Cs state 7 day lock up , and he signed them , then why the frothy Daily Mail response?

All this anger towards a business. Very odd - go set up your own and do better?

Generally only unhappy customers will be on this thread to complain, distorting the overall picture.

bennno

7,126 posts

234 months

Friday 15th January
quotequote all
OldAndTired said:
Breaking news - auction site has a small percentage of transactions marred by either a dodgy buyer or dodgy seller.

In other news - a bear shat in the woods.

If the T&Cs state 7 day lock up , and he signed them , then why the frothy Daily Mail response?

All this anger towards a business. Very odd - go set up your own and do better?

Generally only unhappy customers will be on this thread to complain, distorting the overall picture.
I guess you live and learn. Car now not sold as foreign buyer suggesting he didn't understand advert. Same Chinese buyer bidding on 5-6 other cars also presently but not removed from site.

My bad for not reading t&c's and interpreting it as car can sell, but buyer under no obligation to pay anything or even respond to a vendor for 7 days.

My bad also for reading that site can only be used by those in specific countries, but not realising its really a global platform and buyers from anywhere can use it and you have no right to veto even if high risk profile.

I don't consider the above Daily Mail and frothy, just useful information for potential vendors to be mindful of. Can be easily fixed with sensible adjustment of terms.




ferrisbueller

26,438 posts

192 months

Friday 15th January
quotequote all
I assume you get to talk to the second highest bidder then?

Drclarke

1,088 posts

138 months

Friday 15th January
quotequote all
I don’t think anyone is being as dramatic and frothy mouthed as you would like. But there does seem to be a lot of irregular occurrences on there, just like eBay. So it’s not isolated to any in particular of the car orientated selling platforms.

Having Top Gears Chris Harris on the books promoting any car they were trying to sell did them no harm in the beginning but as these sites grow and start to unravel
it then reflects on these so called social media influencers.


bennno

7,126 posts

234 months

Friday 15th January
quotequote all
ferrisbueller said:
I assume you get to talk to the second highest bidder then?
Theyve now supposedly moved on/ bought and were 2k below its market value.

sparta6

2,552 posts

65 months

Friday 15th January
quotequote all
jw673 said:
bennno said:
So heres my personal experience

- Agree to list car, with reserve

- When car is 3k below reserve I get asked to remove reserve as car will then do better and CC offer to underwrite that they will guarantee i'm no worse than 1k lower than initial reserve. Nothing untoward in their t&c's say they can use their fee to do this.

- By pure chance a bid then comes in at value they offered to underwrite it at, from somebody bidding on 4-5 cars simultaneously. oddly and unexpectedly it then sits for 6 days with no further bids.

- On completion im very suprised to be told the winning buyer is in Hong Kong / China and given a partial telephone number and Gmail address. Oddly t&c's say site only to be used in specific countries and HK / China not on list. Sale suddenly seems much higher risk profile.

- Zero contact from buyer / no response from any emails now for almost 48 hours post sale.

- Speak to CC who suggest they also can't call him, are in dialogue via email, he's now not sure he wants it, but the general gist is as they want their 6% fee irrespective and I need to wait 7 days. If I sell elsewhere and withdraw from this debacle then they will bill me the sale fee.

- Seems if he doesn't complete they just pocket the full sales fee and as a seller tie your car up for an extra week with no sale.

Further updates to follow......
Was the "buyer's" email address edward.wovett@gmail.cn? I hear he's kind of a big deal (in China).
He's doing a Q&A with PCGB members soon. Could be fun !

ferrisbueller

26,438 posts

192 months

Friday 15th January
quotequote all
bennno said:
ferrisbueller said:
I assume you get to talk to the second highest bidder then?
Theyve now supposedly moved on/ bought and were 2k below its market value.
From what we've seen I don't think people are willing to pay much over the odds for a base model.

bennno

7,126 posts

234 months

Friday 15th January
quotequote all
ferrisbueller said:
bennno said:
ferrisbueller said:
I assume you get to talk to the second highest bidder then?
Theyve now supposedly moved on/ bought and were 2k below its market value.
From what we've seen I don't think people are willing to pay much over the odds for a base model.
Noted, although even base model is sold out till Sep and I'd keep and use it if it won't return list price.

Trevor555

2,734 posts

49 months

Friday 15th January
quotequote all
bennno said:
ferrisbueller said:
bennno said:
ferrisbueller said:
I assume you get to talk to the second highest bidder then?
Theyve now supposedly moved on/ bought and were 2k below its market value.
From what we've seen I don't think people are willing to pay much over the odds for a base model.
Noted, although even base model is sold out till Sep and I'd keep and use it if it won't return list price.
I had a little bid on your car.

As soon as I was outbid I called my local Toyota dealer again.

They called me today with a cancelled order, so I guess they'll be a few available here and there.



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