Not eBay but still an auction with some Mercedes

[daveenty]

Also some very interesting other marques.

Several Mercedes on offer with no reserve at Silverstone Auctions, 27 - 28th July. Quite a bit of other nice stuff as well but the Mercedes make it for me. I don't seem to have a particular favourite in this collection, let's face it, they're all lovely, though if I did have to pick I'd be torn between the Mk I Lotus Cortina and the W108 280SE. The Citroen DS would have been in with a shout but it's too late a model for me.

The catalogue looks a bit like a small portion of the cars belonging to @jaymanek but in reality we know that he rarely sells anything of special interest.

 

[clk208]

Love the two tone SEC in red over silver. Have seen a pre facelift W124 coupe in this colour also and think it really suits.

 

[flowrider]

A couple of the MB descriptions are mixed up and when clicking on anything I get a '404 error'.

 

[Chrishazle]

I love the auction estimate price with (+buyer's premium of 15% including VAT @ 20%), so a £40k buy becomes £50k+!

 

[John]

I like the Arnage 500T. Looks great.

 

[MikeInWimbledon]

I love the auction estimate price with (+buyer's premium of 15% including VAT @ 20%), so a £40k buy becomes £50k+!

The VAT is levied only on the buyer's premium, so I calculate the cost to be £46,200.

(£40k plus £6k buyer's premium plus £1.2k VAT on the buyer's premium)

The VAT man doesn't tax used cars, only the sales commission being taken on flogging them.

Here's their write up of their buying process:h ttps://www.silverstoneauctions.com/pages/buy

 

[MikeInWimbledon]

Very nice, on just 38k miles:

1988 Mercedes-Benz 420 SEC (C126)

 

[MikeInWimbledon]

Anyone want to buy an MG Metro:
1985 MG Metro 6R4

For a quarter of a million quid.

I mean, it's OK, but I'd have to change those wheels....

 

[Chrishazle]

Very nice, on just 38k miles:

1988 Mercedes-Benz 420 SEC (C126)

Estimate £35-45K - plus 15% buyers premium + VAT, as above!

 

[MikeInWimbledon]

Estimate £35-45K - plus 15% buyers premium + VAT, as above!

Agreed: apologies, I thought you said £40k plus £15k buyers premium + VAT.

But we should be wary about their estimates, they're only a best guess. Could be £35, could be £50 plus fees, could be unsold. It all depends on the second
highest bidder.

 

[daveenty]

They won't remain unsold, as written in the OP and the Silverstone web page, no reserve on any of them.

Brave decision? Or shrewd?

 

[Chrishazle]

No apology needed Mike, my brain was in neutral thinking 15% of 40k was more than 6k, and that the VAT was on the bid+buyers premium - never been to an auction so don't know how the system works!

Sounds a lot of money for a 31 year old car even with low mileage and superb condition - but what do I know about classic car prices (not a lot!). I think I'd struggle to sell my 26 year old classic for anywhere close to the "in the region of £20k" that PCGB valued it at a couple of years ago!

 

[jdrrco]

Buyer's premium of 15% including VAT = 15%.

Or, in other words, buyer's premium of 12.5% plus VAT.

So £40k +15% = £46k