I believe the buyers premium is 12.5%+VAT so it cost the new owner over £22k all said and done.
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240Z auction NEC Saturday KMM750K
- Thread starter martinperry
- Start date
I believe the buyers premium is 12.5%+VAT so it cost the new owner over £22k all said and done.
So it is worth selling via auction? I would say yes as long as you have a reserve. I suspect non Z experts would bid more at most auctions than experts (unless you are selling something of special interest or significance).
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Alphabettispaghetti
Club Member
What were the selling fees? So someone paid 22k for a car that didn't sell for 18k?
There's only one winner in auctions, that's the auction house.
What were the selling fees? So someone paid 22k for a car that didn't sell for 18k?
There's only one winner in auctions, that's the auction house.
5% of sale price ..... plus VAT and a small entry fee. Makes eBay look like a bargain.
martinperry
New Forum User
Well,
I went to have a good look, and after giving the car a good once over, was pleasantly surprised.
HOWEVER there photo record showed no evidence of bare metal resto, and I felt that the car wasnt even close to £20K =- A few chats with people on the "other" Z club's stand confirmed my feelings
Some one obviously disagreed with my view, but £22K???
I dont think so!
Anyway, onwards and upwards and thanks for the help thusfar!!
Martin
PS I understand Barry Williams has a car to get rid of - anyone know anything??
I went to have a good look, and after giving the car a good once over, was pleasantly surprised.
HOWEVER there photo record showed no evidence of bare metal resto, and I felt that the car wasnt even close to £20K =- A few chats with people on the "other" Z club's stand confirmed my feelings
Some one obviously disagreed with my view, but £22K???
I dont think so!
Anyway, onwards and upwards and thanks for the help thusfar!!
Martin
PS I understand Barry Williams has a car to get rid of - anyone know anything??
When was it restored? If 10+ years ago and you were "pleasantly surprised", then bare metal or not the job would have had to have been good, right? Therefore, other than taking other peoples opinion (and it is only that, opinion) on the price, what knocked the value in your own mind?
This forum is rather strange in how it talks down the value of it's own cars, there are not many good UK cars left, and even with a budget of £50k, I don't think I could find a more usable, beautiful classic.
I have had a lot of cars inc both modern and older classics and nothing much compares with a well sorted, clean, 240z. I wouldn't sell mine for £22k, it's worth more than that to me now, and I'm pretty confident it will be worth considerably more than that to anyone else looking for one as the years roll on.
martinperry
New Forum User
The big clinchers for me were - in no particular order..
Body was really good, but paint not in A1 condition (resto done 2001)
Slightly dodgy looking seams around tailgate
Offside front wing panel gaps all over the place
Doorcards not good and different grain on seat upholstery
Very much not original
Wheel nuts rusty an Nangkang tyres all round
The fact it didnt make 18.5K on the "Bay"
Finally the fact that B williams car is up for sale at about £25K
It just didnt stack up for me as a £22K car - As I said, someone else plainly doesnt agree!!
Body was really good, but paint not in A1 condition (resto done 2001)
Slightly dodgy looking seams around tailgate
Offside front wing panel gaps all over the place
Doorcards not good and different grain on seat upholstery
Very much not original
Wheel nuts rusty an Nangkang tyres all round
The fact it didnt make 18.5K on the "Bay"
Finally the fact that B williams car is up for sale at about £25K
It just didnt stack up for me as a £22K car - As I said, someone else plainly doesnt agree!!
Ok, that's all fair enough and would put me off too but, you went there knowing the guide price and opened your post above by saying you were pleasantly surprised, that's what threw me. Anyway, best of luck finding your perfect partner.
Did you by chance look at that red one which was up for £22k ish with little or no information in the advert?
Did you by chance look at that red one which was up for £22k ish with little or no information in the advert?
Good question. My view is that if it makes the few that are left stand the test of time then for me, prices going up is a good thing. No one dislikes an appreciating asset either, surely?
The other knock on effect will be it will make it more of a draw to pick up clean examples in the States which will mean we might see more on British roads, again, a good thing which will suppress spiralling inflation of their value to an extent.
rahail240
Well-Known Forum User
"This forum is rather strange in how it talks down the value of it's own cars, there are not many good UK cars left, and even with a budget of £50k, I don't think I could find a more usable, beautiful classic."
Hope you didn't think i was trying to knock the value on the cars i love. I was merely stating the car wasn't top notch in certain areas. So really it's spot on, a nice example £22k and a better more sorted example £30k plus.
But in my defense of my blunt evaluation of the car not being top notch,
The auction write up did read 'body work done to concourse standards'.
I'm sorry, but anyone who viewed it physical knows what i'm talking about.
Hope you didn't think i was trying to knock the value on the cars i love. I was merely stating the car wasn't top notch in certain areas. So really it's spot on, a nice example £22k and a better more sorted example £30k plus.
But in my defense of my blunt evaluation of the car not being top notch,
The auction write up did read 'body work done to concourse standards'.
I'm sorry, but anyone who viewed it physical knows what i'm talking about.
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rahail240
Well-Known Forum User
You try picking up a high standard Zed from the states, prices have rocketed world wide.
And yes agreed, any truly unmolested UK cars are worth a mint.
Alphabettispaghetti
Club Member
I think part of the reason UK prices are rising is the increasing costs of decent american examples to convert, they've doubled over the past 2-3 years. Another good thing about prices rising is that people are appreciating them for what they are, it'll discourage people from buying them who think they are 'cheap old cars', so the examples that are out there will be better than say 10 years ago. Its just refinement of the breed.
As said, if it was an OK example without a documented restoration showing exactly what was done and to what standard then maybe 20k is about right? As rahail says a great example is going to be 30K plus, one like his I'd expect, that sort of quality.
What were the selling fees? So someone paid 22k for a car that didn't sell for 18k?
There's only one winner in auctions, that's the auction house.
The seller would have to pay £1,280 in fees (incl the entry fee) plus expenses like storage, insurance if applicable. Therefore he would have got almost £18k so a 'result' for him. The Auction House would have got about £4k so a 'result' for them too.
The buyer will be happy too I'm sure but it's worth keeping an eye on ebay and you can test drive then too.
I hope the new owner joins the Club and gets a warm welcome - perhaps he/she is already a member?
What were the selling fees? So someone paid 22k for a car that didn't sell for 18k?
There's only one winner in auctions, that's the auction house.
5% of sale price ..... plus VAT and a small entry fee. Makes eBay look like a bargain.
Either, my posts are invisible to you, you believe our members can't do simple maths or you are selectively reading. Which might it be Rob?
Yeah, has anyone noticed the guy in Beverly Hills who seems to have a steady stream on them on eBay? Link http://www.ebay.co.uk/sch/harmony01/m.html?_nkw=&_armrs=1&_ipg=&_from=&LH_Complete=1&rt=nc (not sure if you need to logged in to see completed items, and that search only shows a few of the ones I've noticed. It depends on how he ends the auctions).
Completely agree on this one, this is what puts me off buying anything at auction, but that said, I was pretty committed to my Z before driving it, and I have bought quite a few cars from auction and got lucky on the whole.
Alphabettispaghetti
Club Member
You can see from this
http://cgi.ebay.co.uk/ebaymotors/AW...rs_Trucks&hash=item259731e815&forcev4exp=true
Obviously its the highly desirable early type, however it needs a full restoration really and it was reportedly sold for $22k, 3 years ago something the same would have been £6k in the uk. However this is the first of the breed so is exceptionally desirable
Alphabettispaghetti
Club Member
gogobobgo10
New Forum User
I have 1970 240z SER 1602