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Apr 29, 2013 3:58 pm
Apr 29, 2013 3:58 pm
Subject: Re: Lagondas at auctions versus direct selling
Dear Stewart,
I fully agree. A 2 litre LC tourer estimated 68-75k did not sell at 60k (H&H). Another 2litre LC tourer with (ridiculous) engine rebuilt cost of 198k and estimated 60-80k did sell at 50k (plus premium, Bonhams). A V12 saloon said to be in good running condition sold for 28k (plus premium, Bonhams). It seems auctions not always bring the best prices for the owners or is the market going down for not really perfect cars? at least this is an advantage of the auction: it reflects market changes very fast. And you can get rid of your car without long discussions with potential buyers.
Peter
Dear Stewart,
I fully agree. A 2 litre LC tourer estimated 68-75k did not sell at 60k (H&H). Another 2litre LC tourer with (ridiculous) engine rebuilt cost of 198k and estimated 60-80k did sell at 50k (plus premium, Bonhams). A V12 saloon said to be in good running condition sold for 28k (plus premium, Bonhams). It seems auctions not always bring the best prices for the owners or is the market going down for not really perfect cars? at least this is an advantage of the auction: it reflects market changes very fast. And you can get rid of your car without long discussions with potential buyers.
Peter