Collecting Cars auction results
Discussion
ferdi p said:
Krikkit said:
ferdi p said:
2018 488GTB at 157K was a strong result for a very basic spec car...
Out of interest what was it missing? It looked pretty complete to me.21ATS said:
High Bidder was "Justin Banks" vendor (unless he has a namesake) of the 102,000 550 Maranello listed here:- https://www.pistonheads.com/classifieds/used-cars/...
Interesting that trade have outbid end users here (assuming it's the same Justin Banks), be interesting to see if this pops up for sale on his website.
I'm confused..... This has been JBs car for some years. Interesting that trade have outbid end users here (assuming it's the same Justin Banks), be interesting to see if this pops up for sale on his website.
So.... It went to auction... And he was the highest bidder on his own car?
Doesn't that suggest that vendor bids can always be used to push the auction price to whatever price the vendor desires... Whereby it's actually a quasi sale?
And assuming the vendor is not charged a fee for this... As clearly they won't be paying a 10% buyer fee... How can bidders be confident that they are partaking in fair auctions?
I might have this wrong... Just read this now and am a little confused and bemused by this....
foibles said:
21ATS said:
High Bidder was "Justin Banks" vendor (unless he has a namesake) of the 102,000 550 Maranello listed here:- https://www.pistonheads.com/classifieds/used-cars/...
Interesting that trade have outbid end users here (assuming it's the same Justin Banks), be interesting to see if this pops up for sale on his website.
I'm confused..... This has been JBs car for some years. Interesting that trade have outbid end users here (assuming it's the same Justin Banks), be interesting to see if this pops up for sale on his website.
So.... It went to auction... And he was the highest bidder on his own car?
Doesn't that suggest that vendor bids can always be used to push the auction price to whatever price the vendor desires... Whereby it's actually a quasi sale?
And assuming the vendor is not charged a fee for this... As clearly they won't be paying a 10% buyer fee... How can bidders be confident that they are partaking in fair auctions?
I might have this wrong... Just read this now and am a little confused and bemused by this....
Mezzanine said:
Silver 993 Turbo S went unsold with a highest bid (last time I looked) of £270k.
Despite the reserve having been lowered this still didn’t sell!
How much would we guess the lowered reserve was?!
Amazed it didn’t sell...what was it 24k miles ? JZM appear to have taken a deposit of their 17k mile car which they’ve had for a few months and has recently been up for £300k. So I imagine it sold for less than that. Despite the reserve having been lowered this still didn’t sell!
How much would we guess the lowered reserve was?!
Cheib said:
Mezzanine said:
Silver 993 Turbo S went unsold with a highest bid (last time I looked) of £270k.
Despite the reserve having been lowered this still didn’t sell!
How much would we guess the lowered reserve was?!
Amazed it didn’t sell...what was it 24k miles ? JZM appear to have taken a deposit of their 17k mile car which they’ve had for a few months and has recently been up for £300k. So I imagine it sold for less than that. Despite the reserve having been lowered this still didn’t sell!
How much would we guess the lowered reserve was?!
Wonder what the previous reserve was before it was lowered and still didn’t sell!
Mezzanine said:
Silver 993 Turbo S went unsold with a highest bid (last time I looked) of £270k.
Despite the reserve having been lowered this still didn’t sell!
How much would we guess the lowered reserve was?!
Bet the owner is kicking themselves that they didn’t take £270k for it. Can’t be many who would drop that sort of money on a 993 turbo s. Despite the reserve having been lowered this still didn’t sell!
How much would we guess the lowered reserve was?!
The owner of the Jzm car probably watched the auction and sold his car accordingly to the same collecting cars bidder.
355fiorano said:
Interestingly, looks like Edward Lovett owns Collecting Cars
It's not that interesting. It's the Collecting Cars Podcast, that is advertising the Collecting Cars auction website. The podcast was created to drive traffic to the Auction website.
Chris Harris and Edward Lovett have run the podcast from day 1. With Edward constantly pushing the Auction site and Chris Harris even selling his cars on it.
I am sure Collecting Cars Auction is owned by Chris Harris and Edward Lovett.
TCruise said:
355fiorano said:
Interestingly, looks like Edward Lovett owns Collecting Cars
It's not that interesting. It's the Collecting Cars Podcast, that is advertising the Collecting Cars auction website. The podcast was created to drive traffic to the Auction website.
Chris Harris and Edward Lovett have run the podcast from day 1. With Edward constantly pushing the Auction site and Chris Harris even selling his cars on it.
I am sure Collecting Cars Auction is owned by Chris Harris and Edward Lovett.
It’s a great business model...without Chris Harris’s promoting it would be nowhere near as successful.
Cheib said:
100% Chris Harris is always posting comments about CC auctions. Good luck to him I say. Clearly he’s not doing the Podcast just for kicks, it’s a great way of deriving revenue from the media content...something most people except Joe Rogan struggle to do!
It’s a great business model...without Chris Harris’s promoting it would be nowhere near as successful.
Harris' hatred of YouTube revenue is so very transparent when you listen to his podcasts. He clearly tried multiple times, generating a variety of content, but never got anywhere. He now has distinct dislike for YouTubers, which is unfair as they're just better at playing the same game he was playing. It’s a great business model...without Chris Harris’s promoting it would be nowhere near as successful.
He's instead found another way of making money, without the difficulty or outlay of creating footage for YouTube: Using his Podcast to drive an Auction business.
Undoubtedly, Coronavirus has helped his business as selling cars remotely via internet auction has spiked. Whilst traditional auctions (e.g. BCA or COYS) have been closed or shutdown.
But all in all, it's worked out pretty well for him.
Edited by TCruise on Wednesday 17th June 11:58
TCruise said:
He now has distinct dislike for YouTubers
You can hardly blame him. Old school journo with first class writing skills and pro racing experience spends a couple of decades honing those skills. Spotty 20-somethings suddenly appear splashing their trust funds on this month's "special edition" McLaren, video the unboxing experience peppered with inane platitudes and grating hyperbole about deviated stitching options, generate an equally moronic gazillion followers, and are deemed "influencers" by the world's most desirable brands.Weep for the future.
(Obviously my kids think I am an idiot.)
Harris_I said:
TCruise said:
He now has distinct dislike for YouTubers
You can hardly blame him. Old school journo with first class writing skills and pro racing experience spends a couple of decades honing those skills. Spotty 20-somethings suddenly appear splashing their trust funds on this month's "special edition" McLaren, video the unboxing experience peppered with inane platitudes and grating hyperbole about deviated stitching options, generate an equally moronic gazillion followers, and are deemed "influencers" by the world's most desirable brands.Weep for the future.
(Obviously my kids think I am an idiot.)
For many it's principally a hobby.
TCruise said:
I am sure Collecting Cars Auction is owned by Chris Harris and Edward Lovett.
No, it's owned entirely by Edward Lovett.Incidentally, I was surprised this beauty didn't sell, and also that the top bid was just £62k - https://collectingcars.com/for-sale/1964-jaguar-e-...
Pro Bono said:
Incidentally, I was surprised this beauty didn't sell, and also that the top bid was just £62k - https://collectingcars.com/for-sale/1964-jaguar-e-...
Yes, that looks like quite a good car, albeit not in its original colour scheme, and surprising it didn't get above £62K (but therefore not surprising it didn't sell!). The early cars aren't quite as usable as the later ones and maybe it's not the type of car to necessarily appeal to on-line bidders. When I was looking to buy a few years ago I looked at loads around the £100K mark and none were as good as this one! Gassing Station | Supercar General | Top of Page | What's New | My Stuff