Collecting Cars auction results

Collecting Cars auction results

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jimmyslr

798 posts

272 months

Friday 22nd May 2020
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suigeneris said:
Am I the only one thinking that many of these cars have actually gone for very strong money. I think people are already expecting to get a bargain with the world currently on pause, are finding something on here with time on their hands and then getting carried away. Many people seem to have suggested elsewhere that the true economic effect of COVID-19 wont realise itself until after government furloughs end, lockdowns end etc which is 3-4 months from now. So really, with a few exceptions (I pointed out the 512BB on a separate thread), the results on CC arent too different from what you would have bought the same cars for 2/3/4 months ago, which means really with lockdown being in place this website could currently (and somewhat ironically) be a "sellers market" to get something gone for reasonable money before things hit the fan in a few months time

Edited by suigeneris on Friday 22 May 16:39
I quite agree and posted something similar a week or two back. Once you do the maths the prices seen are more or less trade and not some huge discount. In my mind the pain is yet to come and the more obvious signals are only trickling out in the news such as unemployment numbers, national debt and so on. There is a lot of pain coming.

dom9

8,040 posts

208 months

Friday 22nd May 2020
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cgt2 said:
Spot on. The 599 ended at £63k. Add buyers fee so £69k. Not been serviced in three years so at minimum £5000 spend, quite possibly nearer £10k. There are RHD cars just above £80k, I know a RHD 30k miler just sold for over £80k last week.
Not a huge difference but it's 6% and not £6k, which is the cap I.e. over £100k, in buyers fees.

dvb247

270 posts

197 months

Friday 22nd May 2020
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totally agree, prices are very much retail if not more, I should put my Range Rover in, can't give it away on the small adds haha

Claret Badger

214 posts

167 months

Friday 22nd May 2020
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suigeneris said:
Am I the only one thinking that many of these cars have actually gone for very strong money. I think people are already expecting to get a bargain with the world currently on pause, are finding something on here with time on their hands and then getting carried away. Many people seem to have suggested elsewhere that the true economic effect of COVID-19 wont realise itself until after government furloughs end, lockdowns end etc which is 3-4 months from now. So really, with a few exceptions (I pointed out the 512BB on a separate thread), the results on CC arent too different from what you would have bought the same cars for 2/3/4 months ago, which means really with lockdown being in place this website could currently (and somewhat ironically) be a "sellers market" to get something gone for reasonable money before things hit the fan in a few months time

Edited by suigeneris on Friday 22 May 16:39
Im an art dealer and seeing the same in my field. Prices are strong and in some cases stronger than pre lockdown at (internet) auction. Why? As stated above, a lot of (wealthy) people with too much time on their hands and fewer ways to spend their money. Amazing to see but seems the only logical reason.

Matty3

1,169 posts

83 months

Friday 22nd May 2020
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The Lambo achieved an excellent result and further confirmation that the trapdoor has not yet opened in the Top car market.

p1stonhead

25,489 posts

166 months

Saturday 23rd May 2020
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offshoreeddy said:
M4 sold on there tonight for £24k + fees, so £25.5k in real money; similar cars listed at dealers for late 20s, can't imagine if you went into a few of them with £25-26k in your hands that you'd walk out without a deal - and a warranty.
Indeed. I’ve been keeping my eye on M4s and there are loads and loads well under £30k on the BMW site.

Cheapest is just under £25k but it’s a 2014 so a bit older.

But I’d pay a couple more grand for a main dealer warranty.

MDL111

6,894 posts

176 months

Saturday 23rd May 2020
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Thought about this some more and given I already take a risk by usually buying cars unseen and without an inspection, I would definitely pay a few k (depending on price, say 5k) more for buying from a dealer which at least affords me some minimum protection.

Agree with the above, prices probably driven by people sitting at home bored and looking forward to enjoying the summer - so a new toy can never be a mistake, esp as the risk of a premature death is probably at the forefront of their minds ‘ at least more present than it was 4 months ago

DevonPaul

1,169 posts

136 months

Saturday 23rd May 2020
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MDL111 said:
Agree with the above, prices probably driven by people sitting at home bored and looking forward to enjoying the summer - so a new toy can never be a mistake, esp as the risk of a premature death is probably at the forefront of their minds ‘ at least more present than it was 4 months ago
I'm hearing quite a bit more "you can't take it with you and the kids won't starve" from my 'over 60' mates who are looking at some purchases more on impulse than necessity.

People aren't going out spending so many have a bit more money, more time to browse the web, and more beer whilst doing it. Internet shoppping is the only way of getting things like this, so online demand has gone up and dealers are closed so their demand is down. Even in a low(ish) cost market my niece makes custom clothes to sell online and at festvals. She has made £6k more profit since lockdown than she did the same period last year - all online as that is her only route to market.

I think there is a storm coming, but Aunty Em doesn't need to call the family in yet.

Cheib

23,111 posts

174 months

Saturday 23rd May 2020
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DevonPaul said:
I think there is a storm coming, but Aunty Em doesn't need to call the family in yet.
Yup....we won’t really see the economic reality until the autumn when the government support schemes are markedly scaled back. Although industries directly impacted it’ll be much quicker. :Hertz filed for bankruptcy last night

Pro Bono

586 posts

76 months

Saturday 23rd May 2020
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This could prove expensive if you're looking at it after a few too many beers! drunk

https://collectingcars.com/for-sale/2019-ferrari-4...

As an interesting diversion let's have a guessing game as to the eventual sale price. The final price must include the £6k premium.

I'll kick off with £323,100.

Cheib

23,111 posts

174 months

Saturday 23rd May 2020
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That will be very interesting...as will the manual V12 Vantage S.

av185

18,433 posts

126 months

Saturday 23rd May 2020
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Pro Bono said:
This could prove expensive if you're looking at it after a few too many beers! drunk

https://collectingcars.com/for-sale/2019-ferrari-4...

As an interesting diversion let's have a guessing game as to the eventual sale price. The final price must include the £6k premium.

I'll kick off with £323,100.
26 Pistas for sale on Autotrader alone.

Reckon anything over £316k inclusive is expensive.


21ATS

1,100 posts

71 months

Saturday 23rd May 2020
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I see the Pista final bid starting with a "2".

Whilst we're looking at most cars selling on Collecting Cars and wondering why people are bidding retail or sometimes over retail, the one brand consistently raising eyebrows is Ferrari. There seems to be a lot of suggestion that the numbers are low.

Have prices tanked? I don't think so, personally I feel this brand more than any other (Porsche running a close second) manage to artifically control asking and advertised prices more than any other manufacturer/brand. I think they've been overpriced for a while, or at least asking prices have been too high since pre covid times.

I also feel they have one of the largest spreads between asking prices and actual selling prices of pretty much any brand.

You don't need to dig too deep to find out that what was considered a difficult car to get hold of has actually been sitting with dealers struggling to shift stock.

None of this has basis other than my own meandering musings and what I've found when trying to buy an older model. The new stuff seems to taking a real bath presently. Reality being there are only so many people that have the ability to drop a quarter of million pounds on a car. Remove all the people that were marginal on finance that can now not get finance, then remove all the people that feel they probably shouldn't be buying one right now (for any number of reasons) and your small pool of buyers is evapourating quickly.

If it goes for a sensible bid, chances are it will be a dealer outbidding private buyers. Make of that what you will.


PrancingHorses

2,714 posts

206 months

Saturday 23rd May 2020
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£316k + fees smile

Keep the guesses coming...

SFTWend

818 posts

74 months

Saturday 23rd May 2020
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21ATS said:
I see the Pista final bid starting with a "2".

Whilst we're looking at most cars selling on Collecting Cars and wondering why people are bidding retail or sometimes over retail, the one brand consistently raising eyebrows is Ferrari. There seems to be a lot of suggestion that the numbers are low.

Have prices tanked? I don't think so, personally I feel this brand more than any other (Porsche running a close second) manage to artifically control asking and advertised prices more than any other manufacturer/brand. I think they've been overpriced for a while, or at least asking prices have been too high since pre covid times.

I also feel they have one of the largest spreads between asking prices and actual selling prices of pretty much any brand.

You don't need to dig too deep to find out that what was considered a difficult car to get hold of has actually been sitting with dealers struggling to shift stock.

None of this has basis other than my own meandering musings and what I've found when trying to buy an older model. The new stuff seems to taking a real bath presently. Reality being there are only so many people that have the ability to drop a quarter of million pounds on a car. Remove all the people that were marginal on finance that can now not get finance, then remove all the people that feel they probably shouldn't be buying one right now (for any number of reasons) and your small pool of buyers is evapourating quickly.

If it goes for a sensible bid, chances are it will be a dealer outbidding private buyers. Make of that what you will.
I think you are right. Like you, I quite fancy a 550 at some stage and there appears to be evidence that owners wanting to sell their car are achieving circa a third less than the asking prices of cars sitting with many dealers. Maybe not exact comparisons due to colour/spec/mileage but nonetheless.

therat

137 posts

177 months

Saturday 23rd May 2020
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£313 + fee's

likesachange

2,630 posts

193 months

Saturday 23rd May 2020
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294+fees

av185

18,433 posts

126 months

Saturday 23rd May 2020
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21ATS said:
The new stuff seems to taking a real bath presently.
Such as?

Apart from the obvious Mclarens, other high end stuff is holding up remarkably well.

footsoldier

2,251 posts

191 months

Saturday 23rd May 2020
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Cheib said:
That will be very interesting...as will the manual V12 Vantage S.
Yes, there’s a big (too big) spread on asking prices between the manuals and the Auto V12S.
Interested to see how that pans out.

ferdi p

1,519 posts

171 months

Saturday 23rd May 2020
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av185 said:
Such as?

Apart from the obvious Mclarens, other high end stuff is holding up remarkably well.
The superfast?
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