Collecting Cars auction results
Discussion
Interesting to see Ashgood are bidding on the 996gt3 rs, they have currently bid £102,500 plus fees so they must think they can realistically retail it above £115k quickly, they may even have another bid which could push there retail estimate higher. They appear that there are not a dealer to sit on stock for long periods of time so there bid could reflect a fair trade price.
It’s an interesting time with this website seeming to be successful at auctioning cars off at knock down prices !!
But are they all what they seem.
Purchasers are having to pay a fair premium for buying high end cars of £6,000 in many cases and some sellers allege they are being coerced into lowering their reserve on the intimation of collecting cars that purchasers are stacked up to buy !!
Also are Collecting cars confirming the descriptions given are accurate.
But are they all what they seem.
Purchasers are having to pay a fair premium for buying high end cars of £6,000 in many cases and some sellers allege they are being coerced into lowering their reserve on the intimation of collecting cars that purchasers are stacked up to buy !!
Also are Collecting cars confirming the descriptions given are accurate.
Edited by Rocketreid on Thursday 28th May 23:00
How can someone be forced into lowering their reserve, it’s your car you agree the reserve you make the decision to lower it, not collecting cars.
If you decide to sell at a lower price that’s your choice no one can force you to.
Imo the cars seem to be selling at very good prices and I’m yet to see any real bargains.
Could be a good safe way to get rid of your car instead of getting kicked in the nuts by trade bids.
They just need to be careful not to start listing the lower end of the market.
If you decide to sell at a lower price that’s your choice no one can force you to.
Imo the cars seem to be selling at very good prices and I’m yet to see any real bargains.
Could be a good safe way to get rid of your car instead of getting kicked in the nuts by trade bids.
They just need to be careful not to start listing the lower end of the market.
GT4RS said:
How can someone be forced into lowering their reserve, it’s your car you agree the reserve you make the decision to lower it, not collecting cars.
If you decide to sell at a lower price that’s your choice no one can force you to.
Imo the cars seem to be selling at very good prices and I’m yet to see any real bargains.
Could be a good safe way to get rid of your car instead of getting kicked in the nuts by trade bids.
They just need to be careful not to start listing the lower end of the market.
Not sure where you arrived at being forced !!If you decide to sell at a lower price that’s your choice no one can force you to.
Imo the cars seem to be selling at very good prices and I’m yet to see any real bargains.
Could be a good safe way to get rid of your car instead of getting kicked in the nuts by trade bids.
They just need to be careful not to start listing the lower end of the market.
Sarnie 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....
Lamborghini Birmingham have a yellow Performante on for £165k. Its slightly higher milage. 8,290 miles instead of 3,114 miles, but I would rather buy from a Lambo main dealer with warranty than privately via an auction site. jilap said:
Lamborghini Birmingham have a yellow Performante on for £165k. Its slightly higher milage. 8,290 miles instead of 3,114 miles, but I would rather buy from a Lambo main dealer with warranty than privately via an auction site.
Maybe but I'm not looking for a Yellow car with the Loge wheels and 3x the mileage................. 
jilap said:
Lamborghini Birmingham have a yellow Performante on for £165k. Its slightly higher milage. 8,290 miles instead of 3,114 miles, but I would rather buy from a Lambo main dealer with warranty than privately via an auction site.
The Performante comes with a 4 year warranty, so it would expire in April 2022.The only difference between this car and a main dealer car would be the cost and this one has a scrape on a wheel.
Orange is also a much better colour for resale than yellow.
The bucket seats are horrific though and make it worth less, I had them and I said I wouldn’t have one without buckets.... the test drive seemed fine at the dealer despite looking fantastic they are really really really bad, I ended up having a car with comforts after my first car had an issue.
GT4RS said:
Rocketreid said:
some sellers allege they are being coerced into lowering their reserve
Does that not mean some sellers are being forced into lowering their reserve? Edited by Rocketreid on Thursday 28th May 23:00
You’re daft if you lower the reserve to a price less than you want for the car with an online auction....end of. If they approached me with that on the basis there are a lot of buyers involved and it’ll create price tension...I’d want them to reduce their commission if the car sold for less than the original reserve at a minimum.
Lowering the reserve or announcing the item or property is 'on the market to be sold' is very common practice in the auctioneer world..The reasoning behind it is it shows that all bids are genuine and not fake..This ploy is intended to get genuine bidders to start bidding in earnest.
marky1 said:
I guess if you look at all the results, eventually we will see that sold prices are about half way between trade and retail prices. I can't see it working any other way. If below trade no one will sell through them, and if above retail no one will buy through them.
You're forgetting the caveman-brain concept of auction fever. Even at this level, get two ego maniacs sitting at home with a glass of wine or ten bidding against each other it's easy to see how, even sight unseen, the bidding can get above retail!Cheib said:
Anyone who’s watched Chasing Classic Cars will be familiar with this tactic for auctions...the theory is more people engage in a bidding process knowing that a car will definitely sell. I can see it in a live auction when you take the reserve off working a bit more than in this situation because the auctioneer uses it to work the room.
You’re daft if you lower the reserve to a price less than you want for the car with an online auction....end of. If they approached me with that on the basis there are a lot of buyers involved and it’ll create price tension...I’d want them to reduce their commission if the car sold for less than the original reserve at a minimum.
They may well do that - all the auctioneer's work is done once the car is on the platform, and if it fails to sell because it's £1k under the reserve (and the auctioneer would then get nothing) it's better to cut the commission and at least get something. Common approach in "real" auctions.You’re daft if you lower the reserve to a price less than you want for the car with an online auction....end of. If they approached me with that on the basis there are a lot of buyers involved and it’ll create price tension...I’d want them to reduce their commission if the car sold for less than the original reserve at a minimum.
Here, though, where the vendor has invested nothing in the process (no entry fee etc) then unless there is a good reason to want to get shot of a car I wouldn't be inclined to lower the reserve - albeit bear in mind that a "fail to sell" can cause difficulties when trying to sell the car at a later date; either buyers will question why it didn't sell, or they will be unwilling to offer much more than it "failed to sell for" when put up for auction.
Edited by will_ on Friday 29th May 09:55
Historically the trade would often put a car through auction because it wasn't of retail quailty. I appreciate that circumstances are currently different in that CC is an outlet to clear some good stock during lockdown but I wonder what will happen when all retailers open their showrooms again.
Will buyers revert to visiting showrooms and selling prices on CC then reduce to closer to trade? Or is the momentum achieved by CC set to continue and some retailers just sell through CC with no showroom or warranty costs? I guess part of the answer depends on what percentage of CC lots are bought by collectors adding to their portfolio compared to those wanting to px and have finance and warranty provided in the package.
Will buyers revert to visiting showrooms and selling prices on CC then reduce to closer to trade? Or is the momentum achieved by CC set to continue and some retailers just sell through CC with no showroom or warranty costs? I guess part of the answer depends on what percentage of CC lots are bought by collectors adding to their portfolio compared to those wanting to px and have finance and warranty provided in the package.
will_ said:
You're forgetting the caveman-brain concept of auction fever. Even at this level, get two ego maniacs sitting at home with a glass of wine or ten bidding against each other it's easy to see how, even sight unseen, the bidding can get above retail!
lol, you are right i can see this achieving dealer money.I was interested in the Porsche 550 replica at McGurks but got waylaid due to work then the virus hit. It was around £27K from memory which felt too much (for me that is). I though of putting a cheeky £15K bid in, it ended up going for that through the CC auction a few months later so reckon someone got a nice car for that.
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