Classic cars forum & vehicle restoration.
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Penman
Joined: 23 Nov 2007 Posts: 4756 Location: Swindon, Wilts.
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Posted: Sat Feb 01, 2020 11:24 am Post subject: |
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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. _________________ Bristols should always come in pairs.
Any 2 from:-
Straight 6
V8 V10 |
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Rootes75
Joined: 30 Apr 2013 Posts: 3816 Location: The Somerset Levels
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Posted: Sat Feb 01, 2020 2:11 pm Post subject: |
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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? _________________ Various Rootes Vehicles. |
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badhuis
Joined: 20 Aug 2008 Posts: 1390 Location: Netherlands
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Posted: Sat Feb 01, 2020 4:13 pm Post subject: |
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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 _________________ a car stops being fun when it becomes an investment |
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alanb
Joined: 10 Sep 2012 Posts: 516 Location: Berkshire.
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Posted: Sat Feb 01, 2020 5:00 pm Post subject: |
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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 . _________________ old tourer
Morris 8 two seater |
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mikeC
Joined: 31 Jul 2009 Posts: 1775 Location: Market Warsop, Nottinghamshire
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Posted: Sat Feb 01, 2020 5:13 pm Post subject: |
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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! _________________ 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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