Collecting Cars auction results

Collecting Cars auction results

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ettore

4,131 posts

252 months

Saturday 27th June 2020
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blacksun80 said:
What are the experts here thinking about the F12Berlinetta on CC, currently on 95k£ with 4 hours to go?

Sounds like a bargain except it is LHD and imported from Dubai - but I can imagine someone who takes the risk might be able to drive this a year and then sell without big loss to mainland Europe?

In Germany ask for 2013 berlinetta with 30-40k miles are around 165-170k Euro = 150-155k £...

Let’s see how much it goes further up...
https://collectingcars.com/for-sale/2013-ferrari-f...
Looked good value to me (96.5k) - what was wrong?

h0b0

7,580 posts

196 months

Saturday 27th June 2020
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ettore said:
Looked good value to me (96.5k) - what was wrong?
How do you verify the mileage?

blacksun80

39 posts

52 months

Saturday 27th June 2020
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ettore said:
Looked good value to me (96.5k) - what was wrong?

There is a thread in the Ferrari v12 forum - brake change at 10k miles and gearbox change at 14k miles indicates it might have been raced hard or abused on its first 10k miles in Dubai... nonetheless someone probably got a great deal...

anonymous-user

54 months

Sunday 28th June 2020
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The F12 is this morning no longer in the "sold" section of the website scratchchin

ferdi p

1,519 posts

172 months

Sunday 28th June 2020
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mstrbkr said:
The F12 is this morning no longer in the "sold" section of the website scratchchin
The website crashed close to the auction ending! Maybe the seller found out & pulled out?

anonymous-user

54 months

Sunday 28th June 2020
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ferdi p said:
mstrbkr said:
The F12 is this morning no longer in the "sold" section of the website scratchchin
The website crashed close to the auction ending! Maybe the seller found out & pulled out?
Oh really?! That explains why the final bid was barely more than it had been for the few previous days. I did think that was quite odd.

HokumPokum

2,051 posts

205 months

Sunday 28th June 2020
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i do think the website needs to explain discrepancies like that. Simply for transparency. otherwise it descends into another used car lot parallel and doesn't give potential bidders the confidence the site deserves.

It's situations like this that gives me the creeps and allows for the winners curse discussion.

why would you trust CC to be accurate and truthful about anything if they can't even explain or be upfront about sellers pulling out, or bidders not following through or any side deals. It's ok for them to make money if both parties decide a side deal but it should be disclosed. No one polices CC, not a regulator and CC chooses to disclose what it wants, hence unless cars are much cheaper than any dealer (which has a comeback), it MUST always be buyer beware.

h0b0

7,580 posts

196 months

Sunday 28th June 2020
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Now that the F12 has been taken down I will share my thoughts. All of this is based on theory and not any facts.

Super Cars from Dubai often have much higher mileage on them. It’s known you can bag a bargain as a result. The mileage of this one is not documented while it was out there. But, the brakes needed changing at a lot lower mileage than you would expect according to the dash. Where else is the mileage stored? Conveniently the other component that has been changed.......the transmission.

I suspect CC pulled the listing until evidence of low mileage can be produced. I’m not saying this car has been clocked. But, until some one shows me paper work it is looking and sounding like a duck to me.

blacksun80

39 posts

52 months

Sunday 28th June 2020
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h0b0 said:
Now that the F12 has been taken down I will share my thoughts. All of this is based on theory and not any facts.

Super Cars from Dubai often have much higher mileage on them. It’s known you can bag a bargain as a result. The mileage of this one is not documented while it was out there. But, the brakes needed changing at a lot lower mileage than you would expect according to the dash. Where else is the mileage stored? Conveniently the other component that has been changed.......the transmission.

I suspect CC pulled the listing until evidence of low mileage can be produced. I’m not saying this car has been clocked. But, until some one shows me paper work it is looking and sounding like a duck to me.
I am not a Ferrari expert but there were also a few cracks in the seat leather - which might indicate either more usage, but I don’t know - perhaps the hot weather and sunshine in Dubai is harsher on leather as well...

But even if real miles were 20-30k at 97k would still be value for money...

blacksun80

39 posts

52 months

Sunday 28th June 2020
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They posted this on Twitter:

“Last night, the Collecting Cars website suffered a system outage. To ensure a fair result for everyone, we have extended the bidding for Saturday's auctions to end on Sunday. Our team is working hard to prevent such problems in the future.”

blacksun80

39 posts

52 months

Sunday 28th June 2020
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On the f12

“We have it in hand. As above we have buyers and sellers best interest at heart. We had to cancelled the auction due to the issues we experienced but didn’t have the ability to simply reset the clock due to only seconds to act.”

VonSenger

2,465 posts

189 months

Sunday 28th June 2020
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Like I said, I give it a few months at best. Ridiculous business idea that makes no sense. Who's stupid enough to front the cash for this experiment?

jtremlett

1,375 posts

222 months

Sunday 28th June 2020
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blacksun80 said:
h0b0 said:
Now that the F12 has been taken down I will share my thoughts. All of this is based on theory and not any facts.

Super Cars from Dubai often have much higher mileage on them. It’s known you can bag a bargain as a result. The mileage of this one is not documented while it was out there. But, the brakes needed changing at a lot lower mileage than you would expect according to the dash. Where else is the mileage stored? Conveniently the other component that has been changed.......the transmission.

I suspect CC pulled the listing until evidence of low mileage can be produced. I’m not saying this car has been clocked. But, until some one shows me paper work it is looking and sounding like a duck to me.
I am not a Ferrari expert but there were also a few cracks in the seat leather - which might indicate either more usage, but I don’t know - perhaps the hot weather and sunshine in Dubai is harsher on leather as well...

But even if real miles were 20-30k at 97k would still be value for money...
This is exactly the reason why ex-Middle Eastern cars are always a hard sell and have to be at a significant discount to Euro left hand cars. There is almost never any history to speak of and very difficult to check on it. Then the lack of history feeds suspicions that the cars are not looked after as well as wondering whether the general conditions (heat and sand) may impact upon reliability going forward.

Wills2

22,785 posts

175 months

Tuesday 30th June 2020
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Drclarke

1,185 posts

173 months

Tuesday 30th June 2020
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Wills2 said:
I’m not the only one to smell a rat with this.

hairyandhappy

5 posts

58 months

Wednesday 1st July 2020
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VonSenger said:
Like I said, I give it a few months at best. Ridiculous business idea that makes no sense. Who's stupid enough to front the cash for this experiment?
I agree, IMO this glossy website could be used to put the finest dress on the ugliest pig. Perfect for certain Keighley supercar dealers who can't shift the worst of the worst via their multi storey car lot, track slags (there was one on there the other week) and ex hire cars.

As for imported cars, I would never buy via an online auction site. Mileages and crash damage are too easily hidden.

I'd rather give a dealer an extra £25k+ (which might provide some comeback/warranty) than spend that trying to fix a cheap car that will then be almost impossible to sell on.

p1stonhead

25,529 posts

167 months

Wednesday 1st July 2020
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Wills2 said:
£105k?!

Impossible surely.

TP321

1,477 posts

198 months

Wednesday 1st July 2020
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hairyandhappy said:
I agree, IMO this glossy website could be used to put the finest dress on the ugliest pig. Perfect for certain Keighley supercar dealers who can't shift the worst of the worst via their multi storey car lot, track slags (there was one on there the other week) and ex hire cars.

As for imported cars, I would never buy via an online auction site. Mileages and crash damage are too easily hidden.

I'd rather give a dealer an extra £25k+ (which might provide some comeback/warranty) than spend that trying to fix a cheap car that will then be almost impossible to sell on.
Well said. There should be comeback on the sale if the car bought from CC has mileage or damage discrepancies.

ferdi p

1,519 posts

172 months

Wednesday 1st July 2020
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p1stonhead said:
Wills2 said:
£105k?!

Impossible surely.
111k including fees for a questionable LHD Import.

What's impossible!?

cayman-black

12,641 posts

216 months

Wednesday 1st July 2020
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ferdi p said:
p1stonhead said:
Wills2 said:
£105k?!

Impossible surely.
111k including fees for a questionable LHD Import.

What's impossible!?
Exactly, i might take a gamble with your money but not mine.

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