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Colin916
Joined: 14 Aug 2019
Posts: 10
Location: Darlington
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 Posted: Sun Dec 22, 2019 9:55 pm Post subject: Classic prices |
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Has anyone else noticed the gulf between what people"ask" for their cars when trying to sell, and the final prices achieved on eBay?
I've never known such a topsy turvy market.
I can't believe the optimistic prices some folks put on their cars.
All I can suggest is that any would be buyers should get haggling.
It seems a Peugeot 309 is worth about £12k apparently, and a 1996 Fiesta 1.1 Pop is £5k!!!!!!
It's interesting to note the massive gap between the buy it now price and the final bid. Literally thousands of pounds.
I'm looking for a new project, but will wait until one comes up on an auction. |
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mikeC
Joined: 31 Jul 2009
Posts: 1775
Location: Market Warsop, Nottinghamshire
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| Posted: Sun Dec 22, 2019 10:45 pm Post subject: |
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The market is not as buoyant as many sellers think. I was interested in a local Peugeot 201 (1931) that was for sale at a local garage. No marked price, so I asked, and was told they wanted £9,000 for it. Had they suggested around £5,000 I would have been tempted, but at that price I just walked away. Three months later I saw they had put it into auction (I think it was Anglia Auctions) and it eventually sold for £3,200 including buyers premium. That means the seller didn't get much over £2,000 for it!
A friend recently bought a very nice Bentley Mk6 which had been on the market for eighteen months at £30,000; he paid £25,000 for it.
Moral of the story: if you are interested in a car, make the seller an offer that you are happy with, regardless of his asking price. You just never know ...
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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! |
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Penman
Joined: 23 Nov 2007
Posts: 4756
Location: Swindon, Wilts.
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| Posted: Mon Dec 23, 2019 12:29 pm Post subject: |
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Hi
As far as eBay is concerned i have always assumed that a "Buy it now" price is a seller taking a punt on finding a "must have it" buyer, and is way over any reserve.
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Bristols should always come in pairs.
Any 2 from:-
Straight 6
V8 V10 |
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Rootes75
Joined: 30 Apr 2013
Posts: 3814
Location: The Somerset Levels
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| Posted: Mon Dec 23, 2019 2:30 pm Post subject: |
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I think the thing that gets me most at the moment with car prices and ebay etc is the amount that I see selling at auctions and then in a week or so are then listed on ebay at often twice the selling price.
To me the car is worth what was paid at auction, if it were worth double that the bidding would have continued.
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Various Rootes Vehicles. |
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alanb
Joined: 10 Sep 2012
Posts: 516
Location: Berkshire.
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| Posted: Mon Dec 23, 2019 5:27 pm Post subject: |
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The thing with auctions is it depends so much on who is there at the time, I seen cars at auction not meet the reserve price one week then three weeks later fetch almost double the same reserve price.
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old tourer
Morris 8 two seater |
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Rick
Site Admin
Joined: 27 Apr 2005
Posts: 22446
Location: UK
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| Posted: Mon Dec 23, 2019 6:33 pm Post subject: |
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Things are worth what someone will pay on the day, and with auctions it all comes down to who knows about the sale(s) and is available to place a bid on the day, or leave a bid in advance on.
Some of the advertised prices for many cars are on the optimistic/opportunistic/silly side though. Did I see a Wolseley 1500 up for around £15k the other day?
A car has to have a strong USP to get top £, it must be immaculate, be delivery mileage only, be an amazingly rare un-touched barn find, or have impeccable and impressive documented history. Anything else not quite meeting the mark in these respects will sell for significantly less, IMO.
As MikeC says, fixed asking prices are just a starting point and a cheeky low-ball offer could just see a car bought, irrespective of the "screen" price.
RJ
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Rick - Admin
Home:https://www.oldclassiccar.co.uk
Videos:https://www.youtube.com/user/oldclassiccarRJ/videos
OCC & classic car merchandise (Austin, Ford ++):
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Rootes75
Joined: 30 Apr 2013
Posts: 3814
Location: The Somerset Levels
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| Posted: Mon Dec 23, 2019 8:35 pm Post subject: |
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Many years back my 1947 Minx was on ebay, it was on at a very silly price. Not surprisingly it did not sell, a few messages and phone calls later the chap sold her to me for a third of what he was asking.
It turned out he had it advertised at a price to clear a debt not thinking about what the car was actually worth.
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Various Rootes Vehicles. |
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Rootes75
Joined: 30 Apr 2013
Posts: 3814
Location: The Somerset Levels
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| Posted: Mon Dec 23, 2019 8:42 pm Post subject: |
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For example regards auctions we were told about a little Fordson 7V truck recently and it sold for £2600 at auction.
Within a week it was listed on carandclassic at £6k and now its also on ebay for £5k.
Its simply someone trying to make money quickly and to be honest the truck is nice but needs work and is at best worth around the £3k mark paid at auction.
My point was mainly that this sort of thing is happening more and more with ebay the usual outlet.
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Various Rootes Vehicles. |
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MikeEdwards
Joined: 25 May 2011
Posts: 2470
Location: South Cheshire
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| Posted: Tue Dec 24, 2019 10:43 am Post subject: |
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| Rootes75 wrote: | For example regards auctions we were told about a little Fordson 7V truck recently and it sold for £2600 at auction.
Within a week it was listed on carandclassic at £6k and now its also on ebay for £5k. |
I imagine that at least some of this is down to the likes of Salvage Hunters and the other more car-oriented programmes on the TV. People see a TV "expert" go out, find something for a bargain price, give it a quick clean up and flog it for a big profit and think "I can do that", without considering how much of it is set up for the cameras.
Good luck to people trying it, of course, but it's not as simple. OK, sometimes there are bargains to be dropped on, but they are few and far between. |
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HealeyV8
Joined: 17 Oct 2019
Posts: 5
Location: Croydon Surrey
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| Posted: Tue Jan 07, 2020 4:06 pm Post subject: |
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Some times the price is not a "chancer" but based on how much the owner has invested in the car and restoring it, and as we all know you don't really ever re-coup that.
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Jensen Healey
16 valves but 4 extra pistons |
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Rick
Site Admin
Joined: 27 Apr 2005
Posts: 22446
Location: UK
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gillberry
Joined: 27 Nov 2007
Posts: 702
Location: Norwich
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| Posted: Fri Jan 17, 2020 7:14 pm Post subject: |
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We have a auction house near us and like to check in on what things have sold for then normally a few days later a local classic car dealer hasn’t the same car using the same pics for sale a few thousand more than the final sale price. We know they need to make a living but it does not take much time to look back on sale prices
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1968 Volvo Amazon estate (Gracie)
1967 Cheltenham Nyala caravan |
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Ray White
Joined: 02 Dec 2014
Posts: 6312
Location: Derby
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| Posted: Sat Jan 18, 2020 10:51 pm Post subject: |
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| gillberry wrote: | | We have a auction house near us and like to check in on what things have sold for then normally a few days later a local classic car dealer hasn’t the same car using the same pics for sale a few thousand more than the final sale price. We know they need to make a living but it does not take much time to look back on sale prices |
I know a classic car dealer who has been around for many years. He often won't buy a car unless he can re sell for double what he paid for it. It can take months but some dealers prefer to play the long game. I expect there is always someone who will pay over the odds for a car if they want it enough?
I wonder who I might be thinking about??
Oh yes....that's me!  |
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alanb
Joined: 10 Sep 2012
Posts: 516
Location: Berkshire.
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| Posted: Sun Jan 19, 2020 5:55 pm Post subject: |
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Many years ago I was with a friend in his brother in laws antique shop, and we were looking at a WW1 cavalry sword and commenting on the price, his brother in law said " I know, I paid too much for it, but still if I was daft enough to pay that much then there's someone out there daft enough to pay more"
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old tourer
Morris 8 two seater |
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Rootes75
Joined: 30 Apr 2013
Posts: 3814
Location: The Somerset Levels
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