Auctions

[ChrisEdu]

Just wondering, is there anyone else here that buys from auction houses?

 

[GeeJayW]

Have never been to an auction. Should go one day I guess.

 

[DSM10000]

We have on occasions, once completely unplanned as we were in Oxford and saw a sign and as it was raining we went in

Bought a rather nice side table

 

[alabbasi]

i pretty much only buy at auction, either dealer or salvage. It's a gamble but if you do it for a while, you can figure out the good ones from the bad ones.

 

[ChrisEdu]

Drove from the coast up to Bedford on Saturday, to collect stuff from an auction.

Today, I made a purchase from an auction in Hull. I will not be driving up there!

 

[Deleted member 159894]

Drove from the coast up to Bedford on Saturday, to collect stuff from an auction.

Today, I made a purchase from an auction in Hull. I will not be driving up there!

Imagine if you went there and back?

 

[Darrell]

Imagine if you went there and back?

Interesting to see who knows what you’re on about.

 

[Big Janner]

Imagine if you went there and back?

If he went up there, would he ever be seen again?
That is the question

 

[Petrol Pete]

OP . Auctions as in car auctions ? or auctions in general ?

 

[Benz17]

Interesting to see who knows what you’re on about.

OFAH, hope I am not way off.

 

[ChrisEdu]

OP . Auctions as in car auctions ? or auctions in general ?

General

 

[Benz17]

Used to frequent car auctions in the early 90's, lovely buzz in those places, bought a Ford Capri Ghia, wow what a car, first and only Ford.

 

[MikeInWimbledon]

General

I moved out from Pimlico to Wandsworth in the Nineties and furnished a lot of the house with "brown furniture" bought from Lots Road Auctions. Dining table, chairs, credenza, cupboards, side tables, bureau, chests of drawers etc. etc.

Different times - I was switching from very modern furniture to Georgian / Victorian. Twenty years later, I went back in the other direction, in line with modern fashion.

Have attended lots of classic car auctions: Bonhams, Coys, and Historics, but have always used them for research. Any time that I've actually bought a Classic it has been privately or from a Specialist like the old Paradise Garage.

Always, always, define the maximum that you're prepared to pay in advance, and stick to it.

Never, ever, let the dealer know that you're keen. They will milk you. Delay joining the bidding until the last minute and never "signal" that you're prepared to pay more to get it.

And always make sure you understand the buyer's fees.

.

 

[ChrisEdu]

I moved out from Pimlico to Wandsworth in the Nineties and furnished a lot of the house with "brown furniture" bought from Lots Road Auctions. Dining table, chairs, credenza, cupboards, side tables, bureau, chests of drawers etc. etc.

Different times - I was switching from very modern furniture to Georgian / Victorian. Twenty years later, I went back in the other direction, in line with modern fashion.

Have attended lots of classic car auctions: Bonhams, Coys, and Historics, but have always used them for research. Any time that I've actually bought a Classic it has been privately or from a Specialist like the old Paradise Garage.

Always, always, define the maximum that you're prepared to pay in advance, and stick to it.

Never, ever, let the dealer know that you're keen. They will milk you. Delay joining the bidding until the last minute and never "signal" that you're prepared to pay more to get it.

And always make sure you understand the buyer's fees.

.

Fees are the stinger.

 

[MikeInWimbledon]

Fees are the stinger.

It’s the same old thing: marketing and sales costs. We need the listing, the promo, the auction process, the storage, physical and cash handling, and security to buy, but no-one wants to pick up the tab.

Similar to the loopy fees for buying a home, but at least without the absurd transaction taxes. (“Downsizing from an empty nest or moving to take up a new job? You must be rich: the State will have a slice of that”)

 

[Tonye]

Did it for years in the 90s, buy at one, give it a wash and a bit of a fettle, and sell at another. 20 - 30% profit 9 out of 10 times, not now to much headache.