Collecting Cars auction results

Collecting Cars auction results

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CarreraLightweightRacing

1,851 posts

175 months

Wednesday 20th January
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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?
Yes Mutton, no problem with registration in the UK wink 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

1,327 posts

164 months

Thursday 21st January
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petjam said:
Link?
So is Edward Lovett the son of Dick Lovett who owns amongst other car franchises the Ferrari franchise in Swindon?

Stryke

607 posts

128 months

Thursday 21st January
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TP321 said:
So is Edward Lovett the son of Dick Lovett who owns amongst other car franchises the Ferrari franchise in Swindon?
Yes

anonymous-user

20 months

Thursday 21st January
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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.

anonymous-user

20 months

Thursday 21st January
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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.

romeodelta

612 posts

127 months

Thursday 21st January
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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.

fridaypassion

5,563 posts

194 months

Thursday 21st January
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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!

Edited by fridaypassion on Thursday 21st January 07:27

bennno

7,162 posts

235 months

Thursday 21st January
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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!

Edited by fridaypassion on Thursday 21st January 07:27
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.

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


ferrisbueller

26,556 posts

193 months

Thursday 21st January
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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.

Drclarke

1,088 posts

139 months

Thursday 21st January
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Some posts seem to be hitting a nerve with the subject and are being deleted

jeremyc

19,656 posts

250 months

Thursday 21st January
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Drclarke said:
Some posts seem to be hitting a nerve with the subject and are being deleted
They're simply against the forum rules. No surprise that they are being deleted.

Drclarke

1,088 posts

139 months

Thursday 21st January
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jeremyc said:
They're simply against the forum rules. No surprise that they are being deleted.
Apologies, but it is the truth.

Rocketreid

425 posts

38 months

Thursday 21st January
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jeremyc said:
They're simply against the forum rules. No surprise that they are being deleted.
Not entirely true,

Nothing that was being posted was other than the truth as far as I could fathom out.

It is mainly Edward Lovetts posts that have gone presumably removed by himself as he began to lose the arguments.

What it has left is responses made to Edwards comments but his post has disappeared, looks ridiculous now.

Edward asked if folks thought CC was a scam and he got his answer from many disgruntled users of CC .

All in all it has exposed the inherent Risk that buyers are subjected to and the unscrupulous tactics used by CC on private sellers

Mezzanine

6,252 posts

185 months

Thursday 21st January
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ferrisbueller said:
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.
Probably not as well known these days frown

Come back and fix things Dave!

jeremyc

19,656 posts

250 months

Thursday 21st January
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Rocketreid said:
jeremyc said:
They're simply against the forum rules. No surprise that they are being deleted.
Not entirely true,

Nothing that was being posted was other than the truth as far as I could fathom out.

It is mainly Edward Lovetts posts that have gone presumably removed by himself as he began to lose the arguments.

What it has left is responses made to Edwards comments but his post has disappeared, looks ridiculous now.

Edward asked if folks thought CC was a scam and he got his answer from many disgruntled users of CC .

All in all it has exposed the inherent Risk that buyers are subjected to and the unscrupulous tactics used by CC on private sellers
You are getting mixed up: the posts you are talking about are on Facebook.

The posts that I was referring to were made on here.

will_

6,003 posts

169 months

Thursday 21st January
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fridaypassion said:
CC are just an auction house.
Are they an auction house or just an advertising platform? I think that is one of the issues.

This is an open thread which I imagine is monitored by CC. They can post responses if they wish. Being in business selling to the public means dealing with the public, including receiving negative feedback. I don't see anything unfair or wrong with that in principle.

Algarve

2,102 posts

47 months

Thursday 21st January
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I seen CC saying on their FB page rather than risk paying £6000 and not liking the car when you go to collect it you're welcome to go view it or have it inspected before hand.


If I travel around the country and spend an entire day going to see a car at a dealership I know if I like it I can 99% get a deal done that very same day, deposit paid and go home happy.

Theres no way I'm going to waste the time/money of traveling around to view cars on the off chance I can then win an auction for them later.

I'd use them to sell a car but there's not a chance in hell I'd buy on there.

Ferruccio

1,538 posts

85 months

Thursday 21st January
quotequote all
will_ said:
fridaypassion said:
CC are just an auction house.
Are they an auction house or just an advertising platform? I think that is one of the issues.

This is an open thread which I imagine is monitored by CC. They can post responses if they wish. Being in business selling to the public means dealing with the public, including receiving negative feedback. I don't see anything unfair or wrong with that in principle.
They are not an auction house.
The way they operate from a legal standpoint is clearly different.
Bonhams, for example, and CC buyers and sellers have very different rights and obligations.

Cheib

20,425 posts

141 months

Thursday 21st January
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I had a post deleted that merely made statement of fact in how Collecting Cars differed from a normal auction house. Clearly some very sensitive people around.

CarreraLightweightRacing

1,851 posts

175 months

Thursday 21st January
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I feel some of the comments here are a little unfair and inaccurate. For instance; CC do not charge £6000. This is their maximum fee for cars over £100,000 in value. The fee starts at £300.

Both buyer and seller have some risk for sure but it is impossible to completely remove risk for any transaction in life. I assume most users of their service are quite happy as CC have sustained their business for some time now and are even in the process of expanding. I've not used their service yet (in the process as I type this), but before taking the decision to proceed, I asked numerous people in the know and all highly recommended the services CC offer. Once my auctions end and I've gone through the complete process, I'll give my full feedback but so far they have been very professional and helpful. The guy I've been dealing with is Ben Adams and I can't fault anything thus far.

Perhaps if you consider a little from their perspective, it makes a more sense. They put all the up front costs into the deal (advertising, agent spending time going through the process, numerous phone calls, arranging photographer, writing text, staff wages, website...). If the deal falls through for whatever reason, it is understandable that CC want to be paid for their efforts and expense especially so as the reason for the failed transaction is most likely not their fault.

I am not taking sides here guys and should my auctions go t1t5 up then I'll be open here about why. But as it stands, I see no reason to doubt the integrity of their service and would happily recommend them to others.


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