Collecting Cars auction results
Discussion
CarreraLightweightRacing said:
A 600LT with only 1000miles has just ended at £122,500. This seems quite a good price to me. Is this the current market price for these cars?
I notice that a couple of your machines are for sale on CC? I would love to have the Alfa as my track toy, what a great looking car. I assume it would be road legal in the Uk?Algarve said:
Can someone quote the posts here? Or tell us roughly what it said?
The crux of it was quite a few folks were very critical of the Collecting Cars Buyers Terms.This issue and also sellers being coerced into reducing their reserve caused some negative fuss for CC.
Edward Lovett intervened lost the argument and has now removed his response along with some negative comments on FB
Bizarre !!
Moderator edit: cut out the potentially defamatory comments please
Rocketreid said:
Algarve said:
Can someone quote the posts here? Or tell us roughly what it said?
The crux of it was quite a few folks were very critical of the Collecting Cars Buyers Terms.This issue and also sellers being coerced into reducing their reserve caused some negative fuss for CC.
Edward Lovett intervened lost the argument and has now removed his response along with some negative comments on FB
Bizarre !!
Rocketreid said:
Algarve said:
Can someone quote the posts here? Or tell us roughly what it said?
The crux of it was quite a few folks were very critical of the Collecting Cars Buyers Terms.This issue and also sellers being coerced into reducing their reserve caused some negative fuss for CC.
Edward Lovett intervened lost the argument and has now removed his response along with some negative comments on FB
Bizarre !!
Mutton said:
CarreraLightweightRacing said:
A 600LT with only 1000miles has just ended at £122,500. This seems quite a good price to me. Is this the current market price for these cars?
I notice that a couple of your machines are for sale on CC? I would love to have the Alfa as my track toy, what a great looking car. I assume it would be road legal in the Uk?
Unfortunately I have to sell all my cars so a couple of the more special unique ones are on CC. I've no idea whether that is a wise move but we'll see how it goes I guess...TP321 said:
So is Edward Lovett the son of Dick Lovett who owns amongst other car franchises the Ferrari franchise in Swindon?
I don’t think he is the direct son of Dick Lovett, as ‘Richard Augustas Lovett’ (Dick) was born in 1915, whilst ‘Edward Charles Lovett’ was born 1982. Probably grandson?Most likely the direct son of ‘Peter Charles Lovett’, who appears to be the main player in the present group of ‘Lovett’ companies - probably his son.
Edward Charles Lovett was at one time a Director of Dick Lovett, but resigned in 2016. Looks like he has branched off doing his own thang.
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......
May be coincidental, but there’s now a ‘Collecting Cars APAC Limited’ (Asia Pacific) incorporated last month, owned by ‘Collecting Cars Limited’. There’s also US and EU designated companies that have been incorporated, all ultimately owned by Lovett and someone named Edmonston.- 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......
MAC 720S said:
May be coincidental, but there’s now a ‘Collecting Cars APAC Limited’ (Asia Pacific) incorporated last month, owned by ‘Collecting Cars Limited’. There’s also US and EU designated companies that have been incorporated, all ultimately owned by Lovett and someone named Edmonston.
They have just launched in Australia.I expect the US is to follow.
I find it very odd and unfair how CC and Ed Lovett have become a target of such negativity. To me it shows more about the great British public than Ed. They do nothing different to what auction houses have done for years.
The issue as I see it is that consumers have got so used to things like the CRA and all the other raft of consumer protection that minds are simply blown when CC call the shots on consumer behaviour. You want to bid on a car and not have the opportunity to be a timewaster? Well billing the fee on completion seems to be a great way of weeding out these people.
Ed also points out that there is plenty of time for bidders to carry out due diligence. There are 100s of people doing car inspections up and down the county and again there is a cost to this which will deter the dreamers/ time waters but will be no barrier to serious buyers.
If you have listened to the CC podcasts Chris Harris has stated he is not involved in CC on a business level but this is an accusation that's been made a few times. Now even though I have called CH out for having a pants car collection and he accused me of having mental problems I would still say I believe him when he says he is simply a mate of Eds and he's used his profile to help an old mate. Why is this so hard for people to believe? Harris has undeniable integrity and God like status on PH yet its basically accused of lying?
Its just a poor show all round from the public on this. CC are just an auction house. In fact they have a distinct advantage in integrity terms as you don't pay them for the car you pay the owner this removing the main scary bit of auctions (Coys anyone?) I feel they are good people with a good business and it works well for people that can tie their own shoelaces. Due you due diligence. Auctions are not a place for people that are not confident they know what they are doing .
ETA working in the trade if you saw the shenanigans that BCA get up to you'll see what a thoroughly dishonest and morally bankrupt auction house can really be like!
The issue as I see it is that consumers have got so used to things like the CRA and all the other raft of consumer protection that minds are simply blown when CC call the shots on consumer behaviour. You want to bid on a car and not have the opportunity to be a timewaster? Well billing the fee on completion seems to be a great way of weeding out these people.
Ed also points out that there is plenty of time for bidders to carry out due diligence. There are 100s of people doing car inspections up and down the county and again there is a cost to this which will deter the dreamers/ time waters but will be no barrier to serious buyers.
If you have listened to the CC podcasts Chris Harris has stated he is not involved in CC on a business level but this is an accusation that's been made a few times. Now even though I have called CH out for having a pants car collection and he accused me of having mental problems I would still say I believe him when he says he is simply a mate of Eds and he's used his profile to help an old mate. Why is this so hard for people to believe? Harris has undeniable integrity and God like status on PH yet its basically accused of lying?
Its just a poor show all round from the public on this. CC are just an auction house. In fact they have a distinct advantage in integrity terms as you don't pay them for the car you pay the owner this removing the main scary bit of auctions (Coys anyone?) I feel they are good people with a good business and it works well for people that can tie their own shoelaces. Due you due diligence. Auctions are not a place for people that are not confident they know what they are doing .
ETA working in the trade if you saw the shenanigans that BCA get up to you'll see what a thoroughly dishonest and morally bankrupt auction house can really be like!
Edited by fridaypassion on Thursday 21st January 07:27
fridaypassion said:
I find it very odd and unfair how CC and Ed Lovett have become a target of such negativity. To me it shows more about the great British public than Ed. They do nothing different to what auction houses have done for years.
The issue as I see it is that consumers have got so used to things like the CRA and all the other raft of consumer protection that minds are simply blown when CC call the shots on consumer behaviour. You want to bid on a car and not have the opportunity to be a timewaster? Well billing the fee on completion seems to be a great way of weeding out these people.
Ed also points out that there is plenty of time for bidders to carry out due diligence. There are 100s of people doing car inspections up and down the county and again there is a cost to this which will deter the dreamers/ time waters but will be no barrier to serious buyers.
If you have listened to the CC podcasts Chris Harris has stated he is not involved in CC on a business level but this is an accusation that's been made a few times. Now even though I have called CH out for having a pants car collection and he accused me of having mental problems I would still say I believe him when he says he is simply a mate of Eds and he's used his profile to help an old mate. Why is this so hard for people to believe? Harris has undeniable integrity and God like status on PH yet its basically accused of lying?
Its just a poor show all round from the public on this. CC are just an auction house. In fact they have a distinct advantage in integrity terms as you don't pay them for the car you pay the owner this removing the main scary bit of auctions (Coys anyone?) I feel they are good people with a good business and it works well for people that can tie their own shoelaces. Due you due diligence. Auctions are not a place for people that are not confident they know what they are doing .
ETA working in the trade if you saw the shenanigans that BCA get up to you'll see what a thoroughly dishonest and morally bankrupt auction house can really be like!
Bit naive that. The majority of valuable cars at BCA have been inspected and tested by them and carry a 48 hour rejection policy, during which time you get your money back or undisclosed faults resolved.The issue as I see it is that consumers have got so used to things like the CRA and all the other raft of consumer protection that minds are simply blown when CC call the shots on consumer behaviour. You want to bid on a car and not have the opportunity to be a timewaster? Well billing the fee on completion seems to be a great way of weeding out these people.
Ed also points out that there is plenty of time for bidders to carry out due diligence. There are 100s of people doing car inspections up and down the county and again there is a cost to this which will deter the dreamers/ time waters but will be no barrier to serious buyers.
If you have listened to the CC podcasts Chris Harris has stated he is not involved in CC on a business level but this is an accusation that's been made a few times. Now even though I have called CH out for having a pants car collection and he accused me of having mental problems I would still say I believe him when he says he is simply a mate of Eds and he's used his profile to help an old mate. Why is this so hard for people to believe? Harris has undeniable integrity and God like status on PH yet its basically accused of lying?
Its just a poor show all round from the public on this. CC are just an auction house. In fact they have a distinct advantage in integrity terms as you don't pay them for the car you pay the owner this removing the main scary bit of auctions (Coys anyone?) I feel they are good people with a good business and it works well for people that can tie their own shoelaces. Due you due diligence. Auctions are not a place for people that are not confident they know what they are doing .
ETA working in the trade if you saw the shenanigans that BCA get up to you'll see what a thoroughly dishonest and morally bankrupt auction house can really be like!
Edited by fridaypassion on Thursday 21st January 07:27
Collecting cars is much closer in principle to eBay, but with the eBay writing the item descriptions without viewing the car and taking a cut on completion and leaving buyer and seller to sort the rest afterwards.
It’s a seemingly confused platform in terms of trade use. Zippy runs Targa Florio cars but appears to be banging out any unwanted px cars on the platform to the general public. CC really need to give this aspect some thought.
Moderator edit: cut out the potentially defamatory comments please
MAC 720S said:
May be coincidental, but there’s now a ‘Collecting Cars APAC Limited’ (Asia Pacific) incorporated last month, owned by ‘Collecting Cars Limited’. There’s also US and EU designated companies that have been incorporated, all ultimately owned by Lovett and someone named Edmonston.
"Someone" is pretty well known around these parts.
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