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Classic prices
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Penman



Joined: 23 Nov 2007
Posts: 4756
Location: Swindon, Wilts.

PostPosted: Sat Feb 01, 2020 11:24 am    Post subject: Reply with quote

Hi
I have always maintained that at an auction a private buyer can always outbid a dealer.

The problems lie when the private buyer drops out because they are scared of being pushed too high, or there are 2 or more PB's going for the same lot.
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Rootes75



Joined: 30 Apr 2013
Posts: 3814
Location: The Somerset Levels

PostPosted: Sat Feb 01, 2020 2:11 pm    Post subject: Reply with quote

I just think its such a shame to then put £10k straight on the price, but like has been pointed out before on the forum, I wonder what it will actually sell for?
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badhuis



Joined: 20 Aug 2008
Posts: 1390
Location: Netherlands

PostPosted: Sat Feb 01, 2020 4:13 pm    Post subject: Reply with quote

I do not really see what the problem is. Everyone was able to buy it the first time, for a relatively low price. Someone did and now tries to make a (big) profit. If there is someone who think the truck is worth that and buys it, then they are both happy.
That said I do not see it selling for that kind of money. That is the risk of the first time buyer.

There is a Triumph Roadster on Ebay now, £3000 or near offer. That same car was sold earlier via Ebay for £455. It was in parts. The buyer assembled the bits and now tries to sell it for a much higher price. Is that a bad thing? I do not think so, someone else might have broken it up for spares, now there is a chance the car will get restored.
https://www.ebay.co.uk/itm/1946-Triumph-Roadster-for-Restoration-barn-find-/274241581144
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alanb



Joined: 10 Sep 2012
Posts: 516
Location: Berkshire.

PostPosted: Sat Feb 01, 2020 5:00 pm    Post subject: Reply with quote

In any business the aim is to make a profit, buy cheap sell higher, just remember doubling the purchase price is only a 50% profit take of overheads (transport, rent , storage, advertising, phone bills etc, ) and your probably down to 30% then you have to pay yourself wages and pay the taxman, what is left (if any) is your profit .
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mikeC



Joined: 31 Jul 2009
Posts: 1775
Location: Market Warsop, Nottinghamshire

PostPosted: Sat Feb 01, 2020 5:13 pm    Post subject: Reply with quote

You can't blame him because he bought a bargain, although I agree his selling price looks a mite optimistic. I reckon the auction price should have been at least double, cut his asking price by a chunk, and he'd hardly make a profit!
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