Classic cars forum & vehicle restoration.

[Rootes75]

This is something new to me...I saw a vintage car a few weeks back at an Auction and yes, I don't need another and yes I don't really have the space but this was something special.

I registered for the auction, looked forward to it for weeks, that nervous anticipation going up and up..

Hit auction day and it all increases even more...but then enter the auction, I have my limit set which includes the fees etc..

Auction starts and for a little while i'm in the running for it...then in no time it sails well over the top end estimate and out of my grasp.

All that anticipation and excitement and it suddenly drops you flat! I very much hope that I don't see the car simply flipped on ebay or the like for an even higher price.
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Various Rootes Vehicles.

[badhuis]

Come on, in what car were you interested? Link to the auction?

Looking at results of some auctions, it surprises me that some cars go for very little but on the other hand some go for surprising high bids.
Still think bargains can be had most easily at auctions, not advetisements.
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a car stops being fun when it becomes an investment

[Rusty]

Welcome to the world of "Auctions", it happens all the time!

Just tell yourself it was overpriced, probably unreliable, and you didn't need it anyway!!! (Thats what I do!)

[Rootes75]

Honestly, to me nothing beats having a look, taking it for a test drive, talking to the seller and some sensible negotiations over a price that you already know.
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Various Rootes Vehicles.

[Ray White]

I would suggest that auctions are an option if you need to sell a car and are having problems finding a buyer. The car may have a problem that will get missed at auction because buyers can't get it up on a ramp and have a good poke about underneath.


Not that long ago I was keen on a Mark 6 Bentley. I had followed it's restoration history on line and eventually it was advertised by a Classic Car dealer for 55K. He subsequently sold it at auction for 38K. A year later it was sold again for 29,500K.!

[alastairq]

Another advantage of selling via auction is that the hassle of dealing with tyre kickers and chancers is removed.

Also, in today's media driven world, an auction site that has a wide audience means more interested eyeballs get to see one's vehicle.

Sure, the charges on both vendor and buyer are not low.
But, what price convenience?
I happen to live a mere half gallon's worth away from a big auction site which also has a huge TV audience.

Inspection is welcomed [even during covid!!]...and even if the items cannot be heard running, a good prod here & there is possible.

All auctions are conducted online, or by phone...with no actual punters present [a relic of covid, which works very well indeed....]...If one lives too far away for a visit, then the staff will give an accurate [as possible] overview of a particular item...Warts and all!

I used to pop over for half a day [and a pasty] just to 'have a look'....never having enough spare income to actually take a punt. Made a nice 'day' out too.
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Dellow Mk2, 1951 built, reg 1952.
Fiat 126 BIS
Cannon special [1996 registered. Built in 1950's]
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Ford Pop chassis, Ashley 1172 bodyshell, in pieces.

[Ray White]

[Rootes75]

I must say too that recently we have followed a couple of auctions only out of interest for specific cars and not with the intention of buying them. But, both cars were snapped up at auction for very modest prices and then appeared on Car and Classic for sale with Dealers less than a month later both at over double the auction price + fees....One was triple the the price!!
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Various Rootes Vehicles.

[Ray White]

When I see a car advertised by a dealer I usually dismiss it out of hand. It needs to be very special to keep my interest. The early Bristol 401 that I posted recently is a case in point. Sometimes you have to deal with a specialist if you want the right thing; unfortunately, they tend to know their market!

[norustplease]

[Rootes75]

One of the Hillmans we followed at Auction is still for sale now with a Dealer, almost 12 months later, the price has dropped a couple times but it's still double what it made at Auction.

It's a shame to see cars like this hang around and not be used.
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Various Rootes Vehicles.

[Ray White]

I somehow managed to let this beauty slip through the net. Unless there is something horrendously wrong with it, I think someone picked up an absolute bargain.

https://rmsothebys.com/auctions/ch25/lots/r0033-1947-bentley-mark-vi-drophead-coupe-by-vanden-plas/#/utm_source=rss&utm_medium=classified&utm_campaign=CH25

[mikeC]

1950s prices seem to have crashed through the floor; this Lancia Aurelia was a steal (in my view) at under ?11,000:

https://carsonline.bonhams.com/en/listings/lancia/aurlia/f689bfed-5f4b-490a-a273-b5908b8bf4b5?utm_source=internal&utm_medium=email&utm_campaign=preview_to_live&utm_content=
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in the garage: 1938 Talbot Ten Airline
Recently departed: 1953 Lancia Appia, 1931 Austin Seven, 1967 Singer Chamois, 1914 Saxon, 1930 Morris Cowley, 1936 BSA Scout, 1958 Lancia Appia coupe, 1922 Star 11.9 ... the list goes on!

[Ray White]

On further investigation things are not quite what they seem. Following a brief period when Sothebys reduced their buyers premium to 20% they have now reverted to 27% hammer price ...which seems excessive.

So, not such a good deal after all.

[Penman]

Hammer price ?1,000,000 Sotheby's take ?370,000. 27% buyers premium and 10% sellers fee. If you have pricey items in say the ?50 mill to ?100 mill range then percentages are lowered and sellers can in some cases even get some of the buyers premium.
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Bristols should always come in pairs.

Any 2 from:-
Straight 6
V8 V10