Collecting Cars auction results

Collecting Cars auction results

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Stryke

607 posts

126 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......
You're not the only one, a few more have experienced the same, including another guy on here with the red Diablo that had the same experience as you, though the supposed buer was in the UK.

Moderator edit: no potentially defamatory comments please; we don't allow naming & shaming

SFTWend

286 posts

39 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.
If 2nd highest bidder was 6 days before auction end then that was probably a house bid.

To place a bid you have to register a credit card so I assume winning bidder has paid 6% fee. Perhaps CC will share the fee with you by way of compensation!

bennno

7,101 posts

233 months

Friday 15th January
quotequote all
Trevor555 said:
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.
I think there's the odd cancelled one, but quite few and they go quickly. What have you bought?

Trevor555

2,644 posts

48 months

Friday 15th January
quotequote all
bennno said:
Trevor555 said:
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.
I think there's the odd cancelled one, but quite few and they go quickly. What have you bought?
A non circuit pack car in pearl white.

Did you test drive both?

Mine won't go near a race track, it'll be an occasional daily for me and the missus. And I'm not bothered about residuals as I'll not be selling it anytime soon. I'm sure my daughter will want it when I'm done.

Sorry to hear of your experience with CC, hopefully they'll block that bidder, frustrating for all parties.

fridaypassion

5,473 posts

192 months

Friday 15th January
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They should have totally separate sites by location it was deeply irritating when all the NZ cars or Australian or wherever suddenly came up

Mezzanine

5,995 posts

183 months

Friday 15th January
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fridaypassion said:
They should have totally separate sites by location it was deeply irritating when all the NZ cars or Australian or wherever suddenly came up
Completely agree, very irritating!

kevinon

274 posts

24 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......
This prompts so many questions. One would be about the -buyer bidding on 5 cars simultaneously. Did they happen to bid in the same pattern on the others - [enough to get a 6% fee for CC] * [never actually bought one] ?

Drclarke

1,087 posts

137 months

Friday 15th January
quotequote all
kevinon said:
This prompts so many questions. One would be about the -buyer bidding on 5 cars simultaneously. Did they happen to bid in the same pattern on the others - [enough to get a 6% fee for CC] * [never actually bought one] ?
This is very true, a organised nside shill bidder?

Could Chris Harris address this on his social media? no we thought not.

Patrick-Peter

199 posts

47 months

Friday 15th January
quotequote all
Stryke 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......
You're not the only one, a few more have experienced the same, including another guy on here with the red Diablo that had the same experience as you, though the supposed buer was in the UK.

Moderator edit: no potentially defamatory comments please; we don't allow naming & shaming
Who owns the red Diablo? Would be interested in the car if still for sale.



OJV10

256 posts

178 months

Saturday 16th January
quotequote all
Same here, seems very good value Diablo. Have they dropped to this price now then?

Stryke

607 posts

126 months

Saturday 16th January
quotequote all
Still for sale. Saw it in the classifieds a few days back.

Stryke

607 posts

126 months

Sunday 17th January
quotequote all
https://collectingcars.com/for-sale/1967-ford-must...

Interesting one. Ready the latest comment by the seller (sad to read).

Surely in these circumstances any company would remove the vehicle from sale until the ownership status is resolved. Otherwise auction will end, CC will collect their fees and the buyer will be left in the dark for months (and knowing how probate works could be much longer than 4 months).

bennno

7,101 posts

233 months

Sunday 17th January
quotequote all
Stryke said:
https://collectingcars.com/for-sale/1967-ford-must...

Interesting one. Ready the latest comment by the seller (sad to read).

Surely in these circumstances any company would remove the vehicle from sale until the ownership status is resolved. Otherwise auction will end, CC will collect their fees and the buyer will be left in the dark for months (and knowing how probate works could be much longer than 4 months).
You’d assume CC would ask to view the v5 to check it’s in the sellers name.

If I’d submitted the bid prior to that (hugely sad) but material notification then you’d expect to be given an option to withdraw it.

Cheib

20,173 posts

139 months

Sunday 17th January
quotequote all
bennno said:
Stryke said:
https://collectingcars.com/for-sale/1967-ford-must...

Interesting one. Ready the latest comment by the seller (sad to read).

Surely in these circumstances any company would remove the vehicle from sale until the ownership status is resolved. Otherwise auction will end, CC will collect their fees and the buyer will be left in the dark for months (and knowing how probate works could be much longer than 4 months).
You’d assume CC would ask to view the v5 to check it’s in the sellers name.

If I’d submitted the bid prior to that (hugely sad) but material notification then you’d expect to be given an option to withdraw it.
V5 means someone is the Registered Keeper, ownership is different.

e.g. If you buy a car on finance you don’t own the car until you have paid all the finance but you are the registered keeper.

So in this case the seller and his Dad can both own the car but it could be registered in the seller’s name. Although I have no idea what the rules are now but when my father died in the early 90’s we sold his car during probate.

Stryke

607 posts

126 months

Sunday 17th January
quotequote all
V5 doesn’t prove ownership.

bennno

7,101 posts

233 months

Sunday 17th January
quotequote all
Stryke said:
V5 doesn’t prove ownership.
Agreed, but it does show if a car is being sold by its registered keeper, or somebody else / a trader

jtremlett

1,020 posts

186 months

Sunday 17th January
quotequote all
Cheib said:
...Although I have no idea what the rules are now but when my father died in the early 90’s we sold his car during probate.
Yes, you can sell a car during probate although it may depend on what the will says and if the car is explicitly mentioned or just part of the estate.

Stryke

607 posts

126 months

Sunday 17th January
quotequote all
Stryke said:
https://collectingcars.com/for-sale/1967-ford-must...

Interesting one. Ready the latest comment by the seller (sad to read).

Surely in these circumstances any company would remove the vehicle from sale until the ownership status is resolved. Otherwise auction will end, CC will collect their fees and the buyer will be left in the dark for months (and knowing how probate works could be much longer than 4 months).
Ok seems CC did the right thing and removed it, it’s withdrawn.

majordad

3,362 posts

161 months

Monday 18th January
quotequote all
What was the sad comment made by the seller, it’s not visible now ? I’d been keeping an eye on that car, it looked nice.

Driver101

9,432 posts

85 months

Monday 18th January
quotequote all
majordad said:
What was the sad comment made by the seller, it’s not visible now ? I’d been keeping an eye on that car, it looked nice.
Along the lines of his dad has just died and they were joint owners of the car. He wouldn't have the rights to sell the car immediately and it could take months to resolve.
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