Sagaris on Collecting Cars next week

Sagaris on Collecting Cars next week

Author
Discussion

RFC1

1,107 posts

197 months

Tuesday 20th April 2021
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Wilmslowboy said:
Genuinely why do you think it’s dodgy ?

I’m currently the under bidder, bids are still 20% away from dealer prices - cheers
Have you viewed the car you are bidding on ?.. Genuine question. ?
And that is a question to anyone bidding on any of these auctions...


pb450

1,302 posts

160 months

Tuesday 20th April 2021
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I see the T350 didn't sell with the closing bid at 29.5k earlier this evening. Also, the end time overran by 5 minutes... a minute or so at a time. WTF? How does this happen? Disappeared from the site now, so yes something looks dodgy here.

Clockwork Cupcake

74,507 posts

272 months

Tuesday 20th April 2021
quotequote all
pb450 said:
Also, the end time overran by 5 minutes... a minute or so at a time. WTF? How does this happen?
Depends on the style of auction. This isn't eBay. Some forms of timed auction extend if people are still bidding, just like a live auction does. Perhaps they do that?

pb450 said:
Disappeared from the site now, so yes something looks dodgy here.
That's a fairly serious accusation, you know.

jilap

305 posts

207 months

Tuesday 20th April 2021
quotequote all
pb450 said:
I see the T350 didn't sell with the closing bid at 29.5k earlier this evening. Also, the end time overran by 5 minutes... a minute or so at a time. WTF? How does this happen? Disappeared from the site now, so yes something looks dodgy here.
Every time someone bids close to the auction ending, the auction extends.

Clockwork Cupcake

74,507 posts

272 months

Tuesday 20th April 2021
quotequote all
jilap said:
Every time someone bids close to the auction ending, the auction extends.
Which is how timed auctions ought to work. But people have got too used to the eBay version of a timed auction, which is a hard end time. Which of course gives rise to sniping.

Wilmslowboy

4,208 posts

206 months

Tuesday 20th April 2021
quotequote all
RFC1 said:
Wilmslowboy said:
Genuinely why do you think it’s dodgy ?

I’m currently the under bidder, bids are still 20% away from dealer prices - cheers
Have you viewed the car you are bidding on ?.. Genuine question. ?
And that is a question to anyone bidding on any of these auctions...
No, not viewed, bidding on a car unseen (with 230 photos, and long detailed description) is perhaps ‘brave / foolish’ to some but personally I’m happy with the risk / reward.

In the words of Dr Pepper - what’s the worse that can happen.


BURNIE

1,152 posts

240 months

Tuesday 20th April 2021
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OK guys what's it going to finish on?
I'm thinking 53k plus the 6%commission

Clockwork Cupcake

74,507 posts

272 months

Tuesday 20th April 2021
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BURNIE said:
OK guys what's it going to finish on?
I'm thinking 53k plus the 6%commission
If it does then the highest bidder is going to be disappointed, because that isn't going to make Reserve.

Edit: It would also make it the cheapest Sagaris to have been sold in years (accident damaged ones and damaged-repaired ones excepted)


Edited by Clockwork Cupcake on Wednesday 21st April 01:12

non_linear

278 posts

83 months

Tuesday 20th April 2021
quotequote all
pb450 said:
I see the T350 didn't sell with the closing bid at 29.5k earlier this evening. Also, the end time overran by 5 minutes... a minute or so at a time. WTF? How does this happen? Disappeared from the site now, so yes something looks dodgy here.
It's not disappeared, it's here:

https://collectingcars.com/for-sale/2003-tvr-t350t

ric p

567 posts

269 months

Wednesday 21st April 2021
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non_linear said:
It didn’t make the reserve set by the vendor. I’d been following it, having viewed the car last year and was interested in bidding. The site will extend the bidding by 2 minutes if someone bids in the last 2 minutes for the reasons above.

It is quite an interesting blend of auction and introduction service with all the weight / risk carried by the buyer. On winning CCs instantly take 6% from your registered card, non-refundable, but then pass you to the seller to complete the sale. So in this case they buyer would be in for an extra near £1800 on top of the hammer price. The purchase money does not pass through them. The vendor pays no fees but I understand that they get a 3 figure charge for the mandatory 200+ photos.

CC have very little exposure and any issues are a buyer/seller problem. They keep the commission (introduction) fee.

With that in mind, it is a private, caveat emptor, no comeback sale. So I though the final bid was pretty strong in the end.

TVR Tommy

613 posts

225 months

Wednesday 21st April 2021
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I thought it was a good idea that every last minute bid added a 1 minute bid to the auction time. Stops people going right at the last second.

Clockwork Cupcake

74,507 posts

272 months

Wednesday 21st April 2021
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ric p said:
It is quite an interesting blend of auction and introduction service with all the weight / risk carried by the buyer. On winning CCs instantly take 6% from your registered card, non-refundable, but then pass you to the seller to complete the sale. So in this case they buyer would be in for an extra near £1800 on top of the hammer price. The purchase money does not pass through them. The vendor pays no fees but I understand that they get a 3 figure charge for the mandatory 200+ photos.
Almost.

Collecting Cars ask for a comprehensive set of photos and send you a guide outlining what photos they require. Alternatively they can put you in touch with a local professional photographer who will charge a flat fee of £150 inc VAT. The photographer knows what kind of photos to take.

It's kind of like the Post Office's Passport Checking Service. You can send your photo and docs off to the Passport Office and hope it's not rejected, or you can pay a fee to make sure everything is in order before it's send off. If that makes any sense. smile

I considered doing the photos myself (in a sort of Luke Skywalker "I'm not such a bad pilot myself you know" sort of way) but decided that the cost of the photographer is less than one bid increment, and if the professional photos get you just one bid increment more then it's paid for itself.

(Edited to clarify that the £150 is the total cost for the photography, not a fee for putting you in touch with the photographer)

Edited by Clockwork Cupcake on Wednesday 21st April 10:22

Tusc289

172 posts

165 months

Wednesday 21st April 2021
quotequote all
Clockwork Cupcake said:
BURNIE said:
OK guys what's it going to finish on?
I'm thinking 53k plus the 6%commission
If it does then the highest bidder is going to be disappointed, because that isn't going to make Reserve.

Edit: It would also make it the cheapest Sagaris to have been sold in years (accident damaged ones and damaged-repaired ones excepted)


Edited by Clockwork Cupcake on Wednesday 21st April 01:12
Good choice on the auction format, anyone familiar with BAT will testify just how long those last two minutes actually last !
Sagaris sold at Barons last year, I was there for another lot, for £50,490 inc fees... but it was a very poor example having been used as a high end hire car, sounded fine though.
Good luck with your auction.

leef44

4,375 posts

153 months

Wednesday 21st April 2021
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non_linear said:
pb450 said:
I see the T350 didn't sell with the closing bid at 29.5k earlier this evening. Also, the end time overran by 5 minutes... a minute or so at a time. WTF? How does this happen? Disappeared from the site now, so yes something looks dodgy here.
It's not disappeared, it's here:

https://collectingcars.com/for-sale/2003-tvr-t350t
Oh wow! That's my old car. I sold it many years ago due to life changing circumstances (got married and so couldn't afford to keep it frown) )

Nothing dodgy about that car. Previous three owners including myself are PH petrolheads who knows the required mechanical sympathy for these beasts. Serviced every year in my ownership by David Batty TVR specialist (I can't remember how long I had it, three years?). I checked the previous service with TVR HHC before I bought it and they praised the condition of the car back then.

If anything, they've undersold the car. I had a new clutch put in about a year before I sold it with less than 2000 miles on it. So probably less than 4000 miles on the current clutch. Sport catalytic converters replaced the OEM with probably less than 6000 miles from current mileage. It already had ACT Power back exhaust.

It has an oil sump warmer so you plug it in to warm up the oil half an hour before driving (useful for winter and if not driven regularly). It has a C-Tek cable feeding into the passenger footwell for easy access to plug in trickle charger. I don't know if those are still there. I couldn't see from the photos.

No leaks at all and although the roof panels are tied down from the sides (2004 model onwards tied down from front), it is very tight and I've never had any issues with the panels coming loose.

Why did I sell it? It had some rattling noise and a compression test showed it was not top end. It would need an engine rebuild so sold at a discount. This would have been my opportunity to upgrade the engine but getting married meant my bachelor days and associated diversions were sacrificed... oh well...

Good to see the engine rebuild is done and that it is back on the market.

Sorry to see that it didn't sell. It really needs to go to an enthusiast and get driven again but I'm out of touch with these things so don't know what the market value is these days.

Disclaimer: I don't know who the seller is so don't ask me. TVRs are old cars which always need fettling so even though I had all the stuff sorted out (especially niggly electrical stuff, too OCD, can't live with knowing something is not working as it should), don't be surprised if little things crop up.

pb450

1,302 posts

160 months

Wednesday 21st April 2021
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OK, apologies to all, no offence meant with my remarks from yesterday regarding end time and disappearance.
Yes, I'm probably too used to eBay with fixed end times. The logic that it extends if people are still bidding, just like real life, sounds very sensible.
Perhaps it's not so dodgy after all and as said, no offence meant. Good luck to Mrs Clockwork Cupcake with the sale of her very nice looking Sagaris.

Clockwork Cupcake

74,507 posts

272 months

Wednesday 21st April 2021
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pb450 said:
Good luck to Mrs Clockwork Cupcake with the sale of her very nice looking Sagaris.
Awwww thanks! thumbup


leef44

4,375 posts

153 months

Wednesday 21st April 2021
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Clockwork Cupcake said:
pb450 said:
Good luck to Mrs Clockwork Cupcake with the sale of her very nice looking Sagaris.
Awwww thanks! thumbup
Another here to say good luck on the sale. That looks like one of the finest Sagaris on the market. I remember when these were around 80k. I wouldn't be letting it go for less than 60 something if it were mine.

I just wished I could afford it and have that in my life.

Wilmslowboy

4,208 posts

206 months

Wednesday 21st April 2021
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Great result - well done.

Clockwork Cupcake

74,507 posts

272 months

Wednesday 21st April 2021
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Thanks. It was slightly on the lower end of what I had hoped for, but not a bad result.

With hindsight I should have got a service + inspection report done on it before consigning it, as that may have inspired more confidence from some buyers. But it had only been serviced less than 200 miles ago (albeit not recently in time).

Anyway, it's academic now because it made reserve and is sold.

Clockwork Cupcake

74,507 posts

272 months

Wednesday 21st April 2021
quotequote all
leef44 said:
I wouldn't be letting it go for less than 60 something if it were mine.
Funny you should say that. wink