Collecting Cars auction results

[jjr1]

kdsl said:

I believe when it shows 'selling price' as opposed to 'winning bid' it's because it was a sale negotiated outside of the bidding structure. As it reached 'unsold' status it probably involved the highest bidder negotiating directly with the seller to get the deal done.

That would make sense.

[kdsl]

Regy53 said:

I think thats with fee's

do you know what i get a bit skeptical about all these results now.

You can buy a 458 from a used dealer with warranty a year newer for the same price.

You can buy from Ferrari a two year newer car with warranty and spec for 20k more... with that, you can finance, negotiate, taylor to suit you...

I tend to agree however I've been keeping my eye on 458's for a while now and I've noticed many examples having been listed for quite some time. Perhaps the the seller of the CC example noticed this too was more motivated to shift the metal sooner rather than later. Either way, very strong money when you consider it's sight unseen, (maybe the got a ppi done?) No in house warranty or finance deals to choose from, although you can source these yourself I guess.

• I'm surprised the yellow, moon miles, engine rebuild 458 hasn't been thrown on CC. Now that would be an interesting one to watch.

[Taffy66]

jjr1 said:

That would make sense.

I think in the T & C it mentions that there is a period of grace after the final whistle to allow an underbidder to increase his bid within this short time frame.I expect the £110K was excluding the £6K buyers fee so i assume this was the Reserve,,Buyer paid £116K all in which is a fair price however 458s seem to resist depreciation better than pretty much any other car you can mention.
Reason behind this is i think the 458 will go down in history as one of Ferrari's finest creations before they went Turbo.

[Ferruccio]

p1stonhead said:

Who is even trying to sell right now? Surely guaranteed to take a bath?

These cars are not owned by people desperate for a few quid. Other than ‘meh who cares I much I lose’ levels of rich, I don’t get who is exposing themselves to it right now.

Lots and lots of people have had their finances blown out of the water.

[kdsl]

Taffy66 said:

I think in the T & C it mentions that there is a period of grace after the final whistle to allow an underbidder to increase his bid within this short time frame.I expect the £110K was excluding the £6K buyers fee so i assume this was the Reserve,,Buyer paid £116K all in which is a fair price however 458s seem to resist depreciation better than pretty much any other car you can mention.
Reason behind this is i think the 458 will go down in history as one of Ferrari's finest creations before they went Turbo.

Correct, but as I said earlier, when the price is shows as 'selling price' as opposed to 'winning bid' that is the final price Inc fee's. I can't remember if it was this thread or another but one of the chaps from CC posted to confirm.

On your second point, I agree also. As a potential buyer I'm coming to the realisation that they're not really going to go farther south in value. Someone made a good observation in the Ferrari section. As a past owner of a 355, 360, then f430, then 458. He said each car, felt like a 'normal' next generational step forward, by Ferrari terms at least. The jump however from the f430 to 458 however he said felt like two generations of f-car forward. Not just in numbers, but specialness, build quality, reliability etc. I suspect most owners are fully aware of this.

My hope is that some owners will be the type of folk who just have to have the latest model, and aren't caught up in the 'last of n/a' hype.

[footsoldier]

spikeyhead said:

Prices at the moment are holding up, and many of the results from CC have been strong. I'll wager most of the sellers are those that are convinced that prices will be much worse in months and years to come.

Definitely true for some....

[Maph7]

jjr1 said:

With fees £106,500 comes to £112,500 as the max fee is 6% up to £6,000

Selling price of £110k will include the fees. That is £3.5k fees so is prob a sale to the trade like the 812 SF. That sale also had £3.5k of fees.

[CC Car Mad]

mstrbkr said:

Pre-auction sale. I guess someone contacted CC saying they'll buy it outright. I imagine CC still got a cut one way or another.

Or Ferrari got wind of the sale and told the selling dealer that they had better buy it back now rather than run the risk of knocking confidence in the brand given the current economic climate. The seller would also be aware that his actions would have seen him off the list for anything interesting in the future of course !!! Pure conjecture on my part !!!

[B3NJY]

CC Car Mad said:

Or Ferrari got wind of the sale and told the selling dealer that they had better buy it back now rather than run the risk of knocking confidence in the brand given the current economic climate. The seller would also be aware that his actions would have seen him off the list for anything interesting in the future of course !!! Pure conjecture on my part !!!

[jjr1]

One other possible manipulation of the numbers could be that the buyer still paid £106,500 plus fees. The seller received £110,000 as per his reserve and CC took a reduced commission of £2,500 in order to get another car sold. Would be my preferred option if I was CC, as it makes their platform look like the go to way of getting cars bought and sold at the moment.

[Oaky]

Pretty sure buyer paid £110k total. What the split of that was - my guess is.... irrelevant.

The 246 will sell for how much (including speculation about the fee, obviously)?

Edited by Oaky on Wednesday 27th May 18:59

[Ferruccio]

jjr1 said:

One other possible manipulation of the numbers could be that the buyer still paid £106,500 plus fees. The seller received £110,000 as per his reserve and CC took a reduced commission of £2,500 in order to get another car sold. Would be my preferred option if I was CC, as it makes their platform look like the go to way of getting cars bought and sold at the moment.

Manipulation? A few percent here or there is a rounding error with this stuff.

[Taffy66]

jjr1 said:

One other possible manipulation of the numbers could be that the buyer still paid £106,500 plus fees. The seller received £110,000 as per his reserve and CC took a reduced commission of £2,500 in order to get another car sold. Would be my preferred option if I was CC, as it makes their platform look like the go to way of getting cars bought and sold at the moment.

I think this is exactly how it happened..Reserve was fixed at £110k which is what the seller got and CC got £2.5k to make the deal happen..

[Sarnie]

Isn't this really strong money already;

https://collectingcars.com/for-sale/2018-lamborghi...

Fees on top.....how much would this been from a main dealer? £180k? So this is probably already at trade money?

[janahan9]

Agree, I think this is at max a £180k car at a dealer. Be interesting to see what it gets to, as if it gets much higher, I can't see the value on buying it through the auction.

[av185]

Sarnie said:

Isn't this really strong money already;

https://collectingcars.com/for-sale/2018-lamborghi...

Fees on top.....how much would this been from a main dealer? £180k? So this is probably already at trade money?

[Sarnie]

av185 said:

More miles and black is a real poor colour .......I'd expect this car to be more than £167k at a dealer............it's basically perfect spec for me..............it seems that the buckets are a big no no for dealers and a lot of buyers..........but I wouldn't buy one without them....

[B3NJY]

Sarnie said:

Isn't this really strong money already;

https://collectingcars.com/for-sale/2018-lamborghi...

Fees on top.....how much would this been from a main dealer? £180k? So this is probably already at trade money?

That Lambo is just about the perfect spec in my eyes. Shame there is zero chance me ever owning one due to my height.

[Raven Flyer]

Sarnie said:

Isn't this really strong money already;

https://collectingcars.com/for-sale/2018-lamborghi...

Fees on top.....how much would this been from a main dealer? £180k? So this is probably already at trade money?

That is the perfect spec Huracan

[will_]

janahan9 said:

Agree, I think this is at max a £180k car at a dealer. Be interesting to see what it gets to, as if it gets much higher, I can't see the value on buying it through the auction.

If they are getting to that level it's difficult to see the value in a dealer having a showroom - just buy part exchanges or fire sales at trade and then stick them on CC where they'll get fairly close to retail money!