Collecting Cars auction results

[MingtheMerciless]

Isn't it a 6% premium? So £318k for that Pista. Seems like strong enough money.

[anonymous-user]

MingtheMerciless said:

Isn't it a 6% premium? So £318k for that Pista. Seems like strong enough money.

The maximum is £6000.

[golfer19]

MingtheMerciless said:

Isn't it a 6% premium? So £318k for that Pista. Seems like strong enough money.

6% under £100k.
Maximum £6k over.

[MingtheMerciless]

Ah OK sorry. I can't help thinking even £306k is strong enough. Certainly not an out and out bargain?

[PrancingHorses]

This Pista still sold above list?

[will_]

ettore said:

I agree that the prices are actually surprisingly strong. The Silverstone Auction prices yesterday were also, quite staggeringly strong. In fact, they look way stronger than the previous 12 months.

Strange things afoot!

Very strong indeed.

Will be interesting to see how Bonhams do this coming weekend.

I think this could be the death of many of the traditional "venue" auctions - looks like people are happier to bid unseen on-line than they are to actually view the cars and bid in the room.

[footsoldier]

will_ said:

Very strong indeed.

Will be interesting to see how Bonhams do this coming weekend.

I think this could be the death of many of the traditional "venue" auctions - looks like people are happier to bid unseen on-line than they are to actually view the cars and bid in the room.

I think more likely that most people buying online don't normally buy from auctions, but are doing so now for various reasons.
No doubt a mix.

[cayman-black]

footsoldier said:

Pro Bono said:

Congratulations - were you the buyer?

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

(Though I'm not sure whether the £6k premium is payable on a pre-auction sale).

No..., so don’t know!

It says selling price so i take it as £300k all in? Otherwise it says winning bid.?

[South tdf]

Did I miss something or did it sell as buy it now? When I looked Saturday it was coming soon, then today sold?

[anonymous-user]

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.

[dmahon]

458 about to finish, currently at 108k including fees...

https://collectingcars.com/for-sale/2010-ferrari-4...

[MrVert]

Got to £106,500 but is listed as unsold? Didn’t meet reserve?

[p1stonhead]

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.

[Taffy66]

MrVert said:

Got to £106,500 but is listed as unsold? Didn’t meet reserve?

I saw the price with six minutes to go at £102K..Did it go up to £105,500 ex fee by the end.? If so it was £111.500 in total which was a fair shout so i'm surprised it didn't sell.

[spikeyhead]

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.

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.

[MrVert]

Now showing as sold for £110k....?

[jjr1]

I know it was last showing at £106,500 so how have they come up with £110,000?

[Regy53]

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...

[jjr1]

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...

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

[kdsl]

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.