Silverstone Auctions - Sold Prices
Discussion
I do like it when Auctions post their sold prices post-sale!
Silverstone Auctions had a number of lots that I would spend my "virtual overdraft and savings" on, some good stuff here:
http://www.silverstoneauctions.com/spring-sale/vie...
A one-owner Lotus Carlton for £9900 (Lot 120)
An '89 944 S2 with MOT for £3190 (Lot 101)
A '72 Alfa 2000GTV £unsold (Lot 113)
Lot 3 - £39
Silverstone Auctions had a number of lots that I would spend my "virtual overdraft and savings" on, some good stuff here:
http://www.silverstoneauctions.com/spring-sale/vie...
A one-owner Lotus Carlton for £9900 (Lot 120)
An '89 944 S2 with MOT for £3190 (Lot 101)
A '72 Alfa 2000GTV £unsold (Lot 113)
Lot 3 - £39
Astacus said:
The surprising thing is , so much was unsold. Unrealistic reserves? Lack of interest or less money sloshing arounf i the economy.............?
I think it's unrealistic pricing in this economy. I think people are seeing the headlines of the super-rich buying top line classics for ever increasing money, and thing the market should follow. That's not possible in this economy. You are a new auction house.
The first thing you must do is to acquire cars to sell at your sales.
You have to get vendors to place their cars in your sale and not
with one of the more established auction houses; how do you do that?
One way is to persuade vendors that you can achieve the highest price for their car,
(if estate agent 1 says he can get you £300K for your house and estate agent 2 says £360K, who do you go with?) so you have to put their car in your sale catalogue with a high estimate and reserve.
Bingo ...... the over-valued car usually is unsold at the sale!
IMO past Silverstone auction estimates have been rather 'bullish' but for the
first time, I think that Silverstone Auctions sale next Saturday contains many cars with what appear to be conservative and hence tempting estimates.
The first thing you must do is to acquire cars to sell at your sales.
You have to get vendors to place their cars in your sale and not
with one of the more established auction houses; how do you do that?
One way is to persuade vendors that you can achieve the highest price for their car,
(if estate agent 1 says he can get you £300K for your house and estate agent 2 says £360K, who do you go with?) so you have to put their car in your sale catalogue with a high estimate and reserve.
Bingo ...... the over-valued car usually is unsold at the sale!
IMO past Silverstone auction estimates have been rather 'bullish' but for the
first time, I think that Silverstone Auctions sale next Saturday contains many cars with what appear to be conservative and hence tempting estimates.
I went to the Silverstone Auction in May. A HUGE number of cars didn't sell. I was interested in the RS2000 they had (not from a buying persective, I hasten to add...), it started off at around £130,000, quickly dropped to £80,000 as a starting bid then straight away was unsold, without any interest at all!
I attended the H&H Buxton sale a couple of weeks back. A lot of it was average, some nice stuff and plenty of crap. An awful lot of it sold - some made way over estimate, a lot way under and the 'unders' were mostly sold when the owners realised they had to come and take the thing away again.
Elderly said:
IMO past Silverstone auction estimates have been rather 'bullish' but for the
first time, I think that Silverstone Auctions sale next Saturday contains many cars with what appear to be conservative and hence tempting estimates.
Agree with this totally, quite a few cars in their Silverstone Classic sale that appear quite competitively priced, no doubt to lure people through the door..first time, I think that Silverstone Auctions sale next Saturday contains many cars with what appear to be conservative and hence tempting estimates.
lotus72 said:
I went to the Silverstone Auction in May. A HUGE number of cars didn't sell. I was interested in the RS2000 they had (not from a buying persective, I hasten to add...), it started off at around £130,000, quickly dropped to £80,000 as a starting bid then straight away was unsold, without any interest at all!
That must be a works car to fetch that sort of money....?Elderly said:
You are a new auction house.
The first thing you must do is to acquire cars to sell at your sales.
You have to get vendors to place their cars in your sale and not
with one of the more established auction houses; how do you do that?
One way is to persuade vendors that you can achieve the highest price for their car,
(if estate agent 1 says he can get you £300K for your house and estate agent 2 says £360K, who do you go with?) so you have to put their car in your sale catalogue with a high estimate and reserve.
Bingo ...... the over-valued car usually is unsold at the sale!
IMO past Silverstone auction estimates have been rather 'bullish' but for the
first time, I think that Silverstone Auctions sale next Saturday contains many cars with what appear to be conservative and hence tempting estimates.
I think most of the estimates are laughably optimistic and I can't see one car that I think looks cheap. Will be interesting to see the actual prices achieved.The first thing you must do is to acquire cars to sell at your sales.
You have to get vendors to place their cars in your sale and not
with one of the more established auction houses; how do you do that?
One way is to persuade vendors that you can achieve the highest price for their car,
(if estate agent 1 says he can get you £300K for your house and estate agent 2 says £360K, who do you go with?) so you have to put their car in your sale catalogue with a high estimate and reserve.
Bingo ...... the over-valued car usually is unsold at the sale!
IMO past Silverstone auction estimates have been rather 'bullish' but for the
first time, I think that Silverstone Auctions sale next Saturday contains many cars with what appear to be conservative and hence tempting estimates.
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