Discussion
It's Mathewsons again this weekend if anyone is looking for something new.....
Just watched a video of one car where the folder of receipts was shown trying to say it had had a lot of expensive work carried out. Except the £4000 receipt was actually the receipt for the car and was £40,000 and the next one was also a receipt for the next purchase of the car.
Might pass this time around unless anyone is going themselves anyway.
Just watched a video of one car where the folder of receipts was shown trying to say it had had a lot of expensive work carried out. Except the £4000 receipt was actually the receipt for the car and was £40,000 and the next one was also a receipt for the next purchase of the car.
Might pass this time around unless anyone is going themselves anyway.
In quiet moments I sometimes have a look at their site and click on a video or two. Apart from seemingly starting each one with "Right guys...", the thing that annoys most is the lack of knowledge and preparation. I don't mind a few well-informed comments, but if you know nothing then just film the key elements of the car with out the commentary, like other auction houses do. Don't keep saying "Yeah, it's alright".
They push some utter s
te through that auction room.
There was a complete and total wreck of an Elan Plus 2 on there quite recently which was not much more than a very rough shell with everything missing and no engine - reserve was something like 4,500 to 6,000. I'd be surprised if it even made a grand (for body cuts)
Nothing they sell ever seems to reach the reserve or even get near it and old man Mathewsons 'patter' is beyond a joke - he would probably have decribed the Elan as a "nice car, worthwile restoration this one, hard to come by"
te through that auction room.There was a complete and total wreck of an Elan Plus 2 on there quite recently which was not much more than a very rough shell with everything missing and no engine - reserve was something like 4,500 to 6,000. I'd be surprised if it even made a grand (for body cuts)
Nothing they sell ever seems to reach the reserve or even get near it and old man Mathewsons 'patter' is beyond a joke - he would probably have decribed the Elan as a "nice car, worthwile restoration this one, hard to come by"
Edited by Lotobear on Wednesday 18th May 13:06
Lotobear said:
They push some utter ste through that auction room.
There was a complete and total wreck of an Elan Plus 2 on there quite recently which was not much more than a very rough shell with everything missing and no engine - reserve was something like 4,500 to 6,000. I'd be surprised if it even made a grand (for body cuts)
Nothing they sell ever seems to reach the reserve or even get near it and old man Mathewsons 'patter' is beyond a joke - he would probably have decribed the Elan as a "nice car, worthwile restoration this one, hard to come by"
To be fair to Mathewsons , the ridiculous reserves probably come from a deluded car owner .te through that auction room.There was a complete and total wreck of an Elan Plus 2 on there quite recently which was not much more than a very rough shell with everything missing and no engine - reserve was something like 4,500 to 6,000. I'd be surprised if it even made a grand (for body cuts)
Nothing they sell ever seems to reach the reserve or even get near it and old man Mathewsons 'patter' is beyond a joke - he would probably have decribed the Elan as a "nice car, worthwile restoration this one, hard to come by"
Edited by Lotobear on Wednesday 18th May 13:06
But Derek's jovial BS is a little wearing .
lukeharding said:
Most auction houses wouldn't take on a car with a reserve they thought too high though. Why would they want a car that they didn't think would sell?
lukeharding said:
the tribester said:
It's an auction room, not a dealers. With owners of the lots often setting unobtainable reserves.
Most auction houses wouldn't take on a car with a reserve they thought too high though. Why would they want a car that they didn't think would sell?
lukeharding said:
the tribester said:
It's an auction room, not a dealers. With owners of the lots often setting unobtainable reserves.
Most auction houses wouldn't take on a car with a reserve they thought too high though. Why would they want a car that they didn't think would sell?
Quite a lot of auctioneers do IME
Edited by Escort3500 on Thursday 19th May 08:47
During 2020 and early 2021, some auction houses had free entry, I used Brightwells myself for that reason. 
But they all normally charge £150 ish or more, something never mentioned on the TV programme. When a punter then pays to have it delivered and then transported back to him, he must be out hundreds of £ for a deluded reserve. 
CCA charge £125 + vat and then 5% with a minimum if it sells. You're out £570 already, and then you have to deliver it!
https://www.classiccarauctions.co.uk/selling#entry...
Silverstone, their sister company, charge £250 + VAT and then 7.5% + VAT if it sells! No wonder they tend to have the cars valued in the squillions, ok £20k ish plus.....
But they all normally charge £150 ish or more, something never mentioned on the TV programme. When a punter then pays to have it delivered and then transported back to him, he must be out hundreds of £ for a deluded reserve. CCA charge £125 + vat and then 5% with a minimum if it sells. You're out £570 already, and then you have to deliver it!
https://www.classiccarauctions.co.uk/selling#entry...
Silverstone, their sister company, charge £250 + VAT and then 7.5% + VAT if it sells! No wonder they tend to have the cars valued in the squillions, ok £20k ish plus.....
Escort3500 said:
lukeharding said:
the tribester said:
It's an auction room, not a dealers. With owners of the lots often setting unobtainable reserves.
Most auction houses wouldn't take on a car with a reserve they thought too high though. Why would they want a car that they didn't think would sell?
Quite a lot of auctioneers do IME
Edited by Escort3500 on Thursday 19th May 08:47
From watching Bangers & Cash, their approach to business does seem to be accept the seller's reserve, have the auction where the lot doesn't make the reserve, put the best provisional bid to the seller who usually seems to accept it, rather than have the difficult conversation before the auction. They even have a "refer best offer" reserve where the highest bid is referred to the seller for them to say yes or no. I gather that livestock auctions may have a similar way of doing things, and noting where Mathewsons are located, may be that influences things. Watching ACA on YouTube, I get the impression that they tend to have more realistic reserves, presumably as a result of conversations prior to the sale, and I've never seen them sell something on a "refer best offer" basis.
Edited by trevalvole on Thursday 19th May 16:52
lornemalvo said:
I've no doubt he's a shrewd businessman, but Derek seems like a nice guy. He comes across as knowledgeable as well, in my opinion
I had similar thoughts regarding Derek, until I watched a clip with hime reviewing a Hillman Imp ..... he had no clue as to what size the engine was ...... 850 I think head said, then went on to trash the Linnwood factory workers and the Scots for building ste cars . droopsnoot said:
In the recent series, I'm sure I've seen Derek ask more than one owner what they want to get for the car, hear an unreasonable answer, and suggest that he wouldn't take it if that was to be the reserve as it had no chance of getting there.
I'm sure some of that is for the TV. The reserve price would have been arranged beforehand on the strength of photos and maybe a phone conversation. I doubt he's drive to a client's house with a trailer only to drive away again empty! I've noticed that a few have a lower reserve price at the actual auction (quickly put on screen at the time) than discussed for the camera.
just look what got sold ........... and what didn't get sold in early May
https://www.mathewsons.co.uk/auction/details/-apri...
most are NOT SOLD.
https://www.mathewsons.co.uk/auction/details/-apri...
most are NOT SOLD.
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