Acid Yellow Clio V6 - Collecting Cars

[Matt182!]

Saw This on Collecting Cars. Same chassis number that sold at Silverstone auctions a while back for £92,250.



Will be interesting to see what it goes for this time...

 

[R3k1355]

That was over 100 grand inc the fees 😲

Not entirely sure I see it doing better tbh

 

[rctempire]

Someone wants their almost 100k back.
Floating at £55k now. Crazy money too.

 

[MarcB]

Now sitting at £65k

 

[Short Norman]

finishes tonight

I think it'll go to about £85k

 

[R-Sport.]

81k me thinks

 

[Oggy997]

I’d die inside if I lost £15-20k on a Clio

 

[Short Norman]

Sold for £73,500

Ouch

 

[Matt182!]

That's a rough loss.

 

[Oggy997]

I was just outbid. £73k was my cap

 

[R3k1355]

That's a loss of a little over £32,500 in 7 months if my maths is right? Nearer £34k if it was bought online at Silverstone.

Wounded

 

[NickReilly063]

£18750 to be exact - I was there in person at the sale and spoke to the Chap who had just bought it, he was having a celebrationey cup of coffee with this friend just after buying it - he was telling me he had just sold a Turbo 2 which he didn't get on with -

To do just 9 miles and lose nearly 20k (must have other costs - Transport etc ) I'd be really sick - and in the dog house after telling the Mrs.

The bit I really don't understand is the car was absolutely stunning and he didn't buy it blind ???

 

[seb]

Who ever bought it, bought it at peak prices.

Vee prices have started to come down a fair bit so no wonder they lost on this.

I don't understand the logic of selling at this time in the market unless you really needed to get the money back. Which i preusme is the only reason it was sold.

 

[R3k1355]

£18750 to be exact - I was there in person at the sale and spoke to the Chap who had just bought it, he was having a celebrationey cup of coffee with this friend just after buying it - he was telling me he had just sold a Turbo 2 which he didn't get on with -

To do just 9 miles and lose nearly 20k (must have other costs - Transport etc ) I'd be really sick - and in the dog house after telling the Mrs.

£18750 doesn't include the buyers premium paid when it was bought at the Silverstone auction, which is 12.5% +VAT of the £92,250 hammer price.

Which if I have it right pushes the total loss to a little over £32,500 (not considering any other costs)

 

[R3k1355]

I don't understand the logic of selling at this time in the market unless you really needed to get the money back. Which i preusme is the only reason it was sold.

I can only guess they figured people are more inclined to buy a toy like this during summer when they can show it off?

 

[NickReilly063]

The price it shows is what it sold for with fees already added in - when you think about it they also charge the seller 7.5% plus vat sellers fees -

Hammer Price before fees was around £80200 plus 12.5% plus vat - Total £92250

Seller then pay about £7218 in fees unless they have already done a deal with the Auction house on the fees before hand -

If they did pay the fees the Seller would receieve back £72982 - CC Sale price £73500 plus fees - it looks like the over payment last year is all in the fees these Classic Car Auctions take to run there sales

The only win with them is when you ring the bell like the recent RS500 did or the Lady Diana car (Black RS Turbo).

 

[NickReilly063]

Another example of high auction fees and a possible decline in the market so far this year.

33k - £27640 including fees

1990 FORD ESCORT RS TURBO - 37,206 MILES for sale by auction in Lewes, East Sussex, United Kingdom

collectingcars.com

63k - £33750 including fees

Iconic Auctioneers | 1989 Ford Escort RS Turbo S2-Sold

This 1989 FORD ESCORT A desirable, second-generation RS Turbo subject to a fasti

www.silverstoneauctions.com