Vanquish S Red Arrows

[RobDown]

There are some lovely details (not captured in my poor photographs)

[Simon Lane]

Medic-one said:

What sort of cash would one be looking at by not accepting the car and selling it back?

I love the idea of owning a special Aston Martin, but I think I love the idea of being mortgage free even more...

The amount we can return the winner will be dictated by how much we can sell the car for, hence I'm floating the idea now publicly. The decision on how much we return the winner sits with us. Each of the 9 cars available to purchase was sold at £275,000. Red 10 is extra special as it is Sqn Ldr Mike Ling's car. Mike is the most experience Red Arrows pilot in history and this was his final season after 9 years with the team.

The car is parked in Canary Wharf all week this week and some of the Reds/Circus stood with it all day yesterday selling tickets. I might have to give some of them a job here......

[Simon Lane]

AMLAndrew said:

What retail price do you put on a very limited & very special Vanquish. I'am guessing it would be sub Zagato prices. I'll have a stab at it £400K

Tough one to call. Its worth whatever someone is willing to pay. I'd rather sell it to the highest bidder than put a price on it.

[AMLAndrew]

V8LM said:

AMLAndrew said:

What retail price do you put on a very limited & very special Vanquish. I'am guessing it would be sub Zagato prices. I'll have a stab at it £400K

Valued at 250k, that's why they need to sell £2.5m worth of tickets.

Simon says owners paid £275K. My guess of £400K is the overs price it could fetch given its rarity. But its all a guess

[V8LM]

AMLAndrew said:

V8LM said:

AMLAndrew said:

What retail price do you put on a very limited & very special Vanquish. I'am guessing it would be sub Zagato prices. I'll have a stab at it £400K

Valued at 250k, that's why they need to sell £2.5m worth of tickets.

Simon says owners paid £275K. My guess of £400K is the overs price it could fetch given its rarity. But its all a guess

From RAFBF - https://www.rafbf.org/red10/raffle-faqs

rafbf.org said:

We need to raise £2.5m in order to comply with our licences from the Gambling Commission. This is because the value of the prize cannot be more than 10% of the total funds raised and the car is worth £250,000.

rafbf said:

The current closing date is Friday 1 December 2017 and the winning ticket will be drawn on Friday 8 December 2017. These dates are subject to change should we need to extend the timings of the raffle if we have not made our fundraising target. We will make any such changes clear on our website.

[Beefmeister]

V8LM said:

From RAFBF - https://www.rafbf.org/red10/raffle-faqs

rafbf.org said:

We need to raise £2.5m in order to comply with our licences from the Gambling Commission. This is because the value of the prize cannot be more than 10% of the total funds raised and the car is worth £250,000.

rafbf said:

The current closing date is Friday 1 December 2017 and the winning ticket will be drawn on Friday 8 December 2017. These dates are subject to change should we need to extend the timings of the raffle if we have not made our fundraising target. We will make any such changes clear on our website.

Given that Simon said they only just clocked over £1m on the handover day it seems unlikely that they'll reach 2.5 times that amount in the remaining month, so I'd wager that the draw date will be moved to sometime in the new year to give them more time.

I have no problem with that, if it's a case of wait another month or two or get my money back I'll wait!

[AMLAndrew]

V8LM said:

AMLAndrew said:

V8LM said:

AMLAndrew said:

What retail price do you put on a very limited & very special Vanquish. I'am guessing it would be sub Zagato prices. I'll have a stab at it £400K

Valued at 250k, that's why they need to sell £2.5m worth of tickets.

Simon says owners paid £275K. My guess of £400K is the overs price it could fetch given its rarity. But its all a guess

From RAFBF - https://www.rafbf.org/red10/raffle-faqs

rafbf.org said:

We need to raise £2.5m in order to comply with our licences from the Gambling Commission. This is because the value of the prize cannot be more than 10% of the total funds raised and the car is worth £250,000.

rafbf said:

The current closing date is Friday 1 December 2017 and the winning ticket will be drawn on Friday 8 December 2017. These dates are subject to change should we need to extend the timings of the raffle if we have not made our fundraising target. We will make any such changes clear on our website.

This only states what value the prize can be i.e 10% of the total funds raised giving a figure of circa £250K. Not sure what the finer detail/restrictions is in selling the car apart from selling it back to Simon in the first 12 months. Like any rare car once on the open market it will likely fetch overs simples.

[Simon Lane]

V8LM said:

AMLAndrew said:

V8LM said:

AMLAndrew said:

What retail price do you put on a very limited & very special Vanquish. I'am guessing it would be sub Zagato prices. I'll have a stab at it £400K

Valued at 250k, that's why they need to sell £2.5m worth of tickets.

Simon says owners paid £275K. My guess of £400K is the overs price it could fetch given its rarity. But its all a guess

From RAFBF - https://www.rafbf.org/red10/raffle-faqs

rafbf.org said:

We need to raise £2.5m in order to comply with our licences from the Gambling Commission. This is because the value of the prize cannot be more than 10% of the total funds raised and the car is worth £250,000.

rafbf said:

The current closing date is Friday 1 December 2017 and the winning ticket will be drawn on Friday 8 December 2017. These dates are subject to change should we need to extend the timings of the raffle if we have not made our fundraising target. We will make any such changes clear on our website.

This information dates back to the original gambling license issued to the charity at the start of the year. The RAFBF have confirmed to me that the raffle draw will take place on Friday 8th December regardless of the total amount raised.

Edited by Simon Lane on Thursday 2nd November 15:06

[Beefmeister]

Simon Lane said:

This information dates back to the original gambling license issued to the charity at the start of the year. The RAFBF have confirmed to me that the raffle draw will take place on Friday 8th December regardless of the total amount raised.

Edited by Simon Lane on Thursday 2nd November 15:06

[Simon Lane]

Last week's event gave the raffle a shot in the arm (£54,000 sold the day we released images), so I am hopeful we will get to at least £1.2m by the time ticket sales close on 1st Dec. Hopefully some wealthy bankers will take a punt this week at Canary Wharf!

[jonby]

Simon Lane said:

Last week's event gave the raffle a shot in the arm (£54,000 sold the day we released images), so I am hopeful we will get to at least £1.2m by the time ticket sales close on 1st Dec. Hopefully some wealthy bankers will take a punt this week at Canary Wharf!

£1M + is an incredibly result, especially given that the cost of the prize does not come out of those monies

Also, the publicity for the charity that this has generated is priceless

[V8LM]

Simon Lane said:

Last week's event gave the raffle a shot in the arm (£54,000 sold the day we released images), so I am hopeful we will get to at least £1.2m by the time ticket sales close on 1st Dec. Hopefully some wealthy bankers will take a punt this week at Canary Wharf!

Great news

[steviebee155]

Simon,

Canary Wharf is indeed full of wealthy bankers (careful everyone!). Don't know if you've thought about anywhere in the City of London too. Paternoster Square, in front of the London Stock Exchange, would be within easy reach of some very affluent people too. Just a thought.

Best of luck
Steve

[Simon Lane]

steviebee155 said:

Simon,

Canary Wharf is indeed full of wealthy bankers (careful everyone!). Don't know if you've thought about anywhere in the City of London too. Paternoster Square, in front of the London Stock Exchange, would be within easy reach of some very affluent people too. Just a thought.

Best of luck
Steve

Thanks Steve.

I absolutely love this Facebook live clip from yesterday. Red 1 and Red 8 giving a walk around tour of some of the special features on the car. Legends! https://www.facebook.com/rafbf/videos/101559337126...

[Simon Lane]

Rule Brittannia



If you would like to see a Spitfire and Red Arrows together we have both on display in our showroom for a limited time - please feel free to pop in and take a look:-

[SFO]

are you open on Sundays?

[Simon Lane]

SFO said:

are you open on Sundays?

Hi Sean we are not open on Sundays sorry. We are open Saturdays 9am - 5pm and weekdays 8.30am - 6.00pm. Hope you can make it in to see them.

Regards Simon

[superlightr]

Simon Lane said:

SFO said:

are you open on Sundays?

Hi Sean we are not open on Sundays sorry. We are open Saturdays 9am - 5pm and weekdays 8.30am - 6.00pm. Hope you can make it in to see them.

Regards Simon

Hi Simon

How long will the cars be there until? Hoping to drive up from Brighton with 2 children just to admire and window lick but without the licking part !

[Simon Lane]

superlightr said:

Hi Simon

How long will the cars be there until? Hoping to drive up from Brighton with 2 children just to admire and window lick but without the licking part !

Hi Bob,

Should be with us until at least Christmas (the cars belong to the owners so they may ask for them back at any time - but I think they will be here until the weather improves in Spring). You're very welcome to come and have a look with your children. Drop me a line on [e-mail] and let me know which day you are coming, I'll try and make sure I'm around to say hello in person. S

[TTOBES]

Have bought a couple of tickets for this. "AM" quite excited!

Here's what I'd do if I won:

1) Drive car around UK for a bit (holidays permitting and assuming can afford insurance)
2) See if any UK airfield [with link to Red Arrows] wanted to borrow it for some sort of display
3) Take it back in time to drive to Spain for a week or so next summer
4) Entertain offers to buy the car
5) Donate about £20,000 to the charity. Keep the rest.