CAR AUCTIONS

Nayf

Member
Messages
2,750
I quite like seats that aren’t leather.
The Momos on a 156 look lovely, but when your back and crack are a bit like the Amazon while driving through 35 degree Italian heat with no aircon….
 

Doctor Houx

Member
Messages
792
Been viewing as usual at the ACA classics in Kings Lynn ahead of this W/E sale. Couple of QP5’s of which the 07 car was pretty good and seems solid. Just a bit tatty inside and usual sticky buttons. New MOT


Other one not so nice and there’s a QP4 also and a Biturbo for the very brave




 

williamsmix

Member
Messages
569
Alfa Romeo 4C coming up for auction soon from Targa Florio Cars near Chichester.
I noticed they had this one in stock a few weeks ago and now see it's up for auction. It's a real shame that Alfa didn't do more with the interior on these; this one has canvas seats!

As an aside: can a car be legally sold at auction - not by the finance company - with outstanding finance on it?

Just hit £40k and reserve not met! I think that was far too high for an auction where there’s no comeback. There are 4Cs for sale at retail prices of just a few thousand more … insane for such a basic spec car!
 

Ewan

Member
Messages
6,811
The band manager bought them one each. Keith Richards finally sold his one approximately 3 years ago at auction and it went for about £270,000, which is the current record for a 400i.

This auction guide price is stupidly low, clearly just to draw people in. But that said, I don’t know the condition of this particular one, and they are not cheap to restore/recommission. Strange choice of auction, also, so maybe it will fly under the radar and be bought cheaply. Let’s see.

Typically, here in the UK, unrestored but working RHD examples auction for around £40k. Better examples, from dealers, range from £50k to £120k depending on condition, age, and gearbox (with early manual cars being the most desirable). There are two for sale in the USA currently, at Ferrari main dealers, both up at circa USD 200k, so the rise in interest and value appears to be continuing.
 

Nayf

Member
Messages
2,750
Been viewing as usual at the ACA classics in Kings Lynn ahead of this W/E sale. Couple of QP5’s of which the 07 car was pretty good and seems solid. Just a bit tatty inside and usual sticky buttons. New MOT


Other one not so nice and there’s a QP4 also and a Biturbo for the very brave




Yeah the Biturbo piqued my interest.
Then I saw the rust…

What was the QPIV like?
 

MarkMas

Chief pedant
Messages
8,919
The band manager bought them one each. Keith Richards finally sold his one approximately 3 years ago at auction and it went for about £270,000, which is the current record for a 400i.

This auction guide price is stupidly low, clearly just to draw people in. But that said, I don’t know the condition of this particular one, and they are not cheap to restore/recommission. Strange choice of auction, also, so maybe it will fly under the radar and be bought cheaply. Let’s see.

Typically, here in the UK, unrestored but working RHD examples auction for around £40k. Better examples, from dealers, range from £50k to £120k depending on condition, age, and gearbox (with early manual cars being the most desirable). There are two for sale in the USA currently, at Ferrari main dealers, both up at circa USD 200k, so the rise in interest and value appears to be continuing.

Did Charlie Watts not get one?

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DLax69

Member
Messages
4,290
The band manager bought them one each. Keith Richards finally sold his one approximately 3 years ago at auction and it went for about £270,000, which is the current record for a 400i.

This auction guide price is stupidly low, clearly just to draw people in. But that said, I don’t know the condition of this particular one, and they are not cheap to restore/recommission. Strange choice of auction, also, so maybe it will fly under the radar and be bought cheaply. Let’s see.

Typically, here in the UK, unrestored but working RHD examples auction for around £40k. Better examples, from dealers, range from £50k to £120k depending on condition, age, and gearbox (with early manual cars being the most desirable). There are two for sale in the USA currently, at Ferrari main dealers, both up at circa USD 200k, so the rise in interest and value appears to be continuing.
This...the pricing discrepancy on F cars and Masers here v. there is pretty interesting.
 

williamsmix

Member
Messages
569
Just hit £40k and reserve not met! I think that was far too high for an auction where there’s no comeback. There are 4Cs for sale at retail prices of just a few thousand more … insane for such a basic spec car!

Having obtained a bid of £40k I see that it remains unsold as it’s now open to offers on £42,500 …
 

MikeyMaser

Member
Messages
473

Having obtained a bid of £40k I see that it remains unsold as it’s now open to offers on £42,500 …

It's quite shocking the amount of stuff going unsold at the moment. I smell a market correction on the horizon.
 

Nayf

Member
Messages
2,750
It's quite shocking the amount of stuff going unsold at the moment. I smell a market correction on the horizon.
It’s more likely to be greed on behalf of the seller/the auction house over stating the reserve to get business.
It’s a tale as old as time, really, made worse every three years or so when there’s a raft of ‘new’ auction houses appearing. There simply aren’t that many good, decent cars about and what I call bread and butter cars - ones where I can spend less than five minutes and find another one on the open market with a dealer (and all the customer protections that is supposed to entail) always should be below open market price. This is why, Ferrari aside, most Italian cars from the 00s onwards typically do rather badly at auction.
Of course, there are exceptions - spec, mileage, celebrity ownership - but this was a 4C in the least desirable colour.

The auctions are a good place to sell if you have something pre-00s and very rare - if that’s the only time you’ve got a chance to buy an Uno Turbo Mk1 all year, there’s going to be at least two or maybe more fighting over one of 21 remaining cars, for example. This explains the clamour for fast Fords; there may be more of them but they were the dream car for a lot more people (I too clamour for an RS500 more than a Testarossa, and they’re around the same price - it’s not vehicular meritocracy, it’s more emotional than that).
That means that the 80s and 90s stuff will continue to climb at auction because the cars are simply that rare now.

The market crash that has been foreseen by what seems like bloodthirsty and bitter posters on Pistonheads (mainly) and elsewhere has been going on since 2008, and then again in 2016, and then again in 2020 - the opposite happened. Aside from a complete ignorance of inflation (in real terms the ‘value’ of some cars have remained static, even if the numbers have changed), this wishful thinking ignores simple human behaviour; even if there are fire sales, there is enough money, and enough buyers, to scoop up these cars before prices drop to a ‘crash’ level. It’s the same with the housing market; there won’t be a ‘crash’ or even a ‘correction’ (correction to what?) because before it reaches ‘crash’, people will pounce and, by that time, the flow of money will be made available again. Rightly or wrongly, (hello @Wattie ) the world economy relies on cheap money and debt.

So, I’d expect to see some of the air to come out of the balloon, but anyone frothing at the mouth, rubbing their hands that they’re going to pick up a 250 GTO for 50p and a packet of Quavers is at best misguided.
 
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Nayf

Member
Messages
2,750
Trouble is, people were lent lots of cheap money that they can’t afford at normalized rates. The debt is therefore in danger of defaulting.
Trouble is, people were lent lots of cheap money that they can’t afford at normalized rates.
The debt is therefore in danger of defaulting.
They won’t let it for political reasons. As I think I’ve mentioned before, the political answer is untenable because it will destroy votes. That’s how it’s got this bad now. More of the same until it gets written off, or there’s an alternative fudge.

I think it will all come to a head when China’s falling birthrate starts to have more of a real-world effect rather than just bearish projections but that won’t be for ten/twenty years and by then India will probably be on the way up. Brazil and the continent of (china sponsored) Africa may well be there too.