Vin 5866 for sale by Auction on 10th Oct

[MikeWard]

From what I have seen, the better prices seem to be had at auction, even allowing for all fees and costs added.

I would disagree with that, given that the seller has to pay commission + VAT on the sale, it is usually a better as a seller (if you are not in a rush to sell) to hold out for your asking price with a private sale.

In the case of this auction, with an entry price of £100 (assuming it was a standard entry and not premium), a commission of 12% + VAT and a hammer price of £29,120, after deductions, the seller walks away with £24,827.

[drago1979]

To be fair, of all the classic car auctions I have been, either side, buyer and seller pay 5% each.
Which on a 30k sale means the seller still net's around 28k after deductions.
I guess, just like anything it all comes down to how quick you want to sell.

[arranj]

To be fair, of all the classic car auctions I have been, either side, buyer and seller pay 5% each.

Typically - most of the auctions featuring DeLoreans on the last couple of years have been 12% (including VAT) each side. - with one exception - this one: viewtopic.php?f=56&t=4906 - where it was 5%. I suppose the argument is that the ones with the higher commissions tend to attract a better quality of buyer or something.

The one in this thread was 14.4% for the buyer and 6% for the seller (including VAT) - plus £100: http://www.classic-auctions.com/home/bu ... arges.aspx

So the figures were
Hammer: £29120
Buyer: £4193
Seller: £1847

i.e. £6040 to the auctioneer, £27273 to the seller.

There was another auction last year that didn't do too well really - £25k - plus I think there were a couple of others that didn't make their reserve? i.e. even at auction it isn't necessarily always a high price - but I agree it does tend to be.

[joel]

Now for sale 4 miles away from me for £40k

http://www.autotrader.co.uk/classified/ ... &logcode=p

[arranj]

Nice spot Joel - nice optimistic price

[tbrm]

Well it is the more desirable auto gearbox so that alone justifies the £40K price tag.

[mec]

Well it is the more desirable auto gearbox so that alone justifies the £40K price tag.

[Dangermouse]

One picture!!!!

For the most expensive car on the dealers lot, by a long way, and only 1 picture??

[Rissy]

"It was. Brushed Steel Body, ABS, Air Conditioning, Alarm, Alloy Wheels, Body Coloured Bumpers, CD Player, Central Locking, Climate Control, Cup Holders, Electric Mirrors, Electric Windows, Leather Seats, MOT, Power Assisted Steering, Radio, Rear Spoiler, Safety Belts, Tinted Glass, V5 Registration Document,Speakers, £39,995"

Really!?

REALLY!?

R E A L L Y !?

Cool!

well for the asking price, at least they've decided to throw in the speakers.

[Admin-bloke]

ABS ? I DON'T THINK SO !!!