Seriously?

[Othen]

Originally Posted by Othen

Ah! Now that is interesting! Almost certainly shill bidding in the auction, then chumney decided he could do a bit better and wants 9 grand for his pile of bits. I think that is pushing the price hard, unless the seller can show there is nothing missing from the Vincent (the Villiers is of negligible value in comparison) as when restored it would only be worth 20 grand.

It looks (from the pattern of bidding at the previous auction) that the genuine bidding dried up at about £6,200, and this bidder:

8***mFeedback score (107)

Nudged it on all the way from £3,500. I still think £9,000 is an ambitious price for a pile of single cylinder bits and won't leave any profit margin.

I've just read the new ad, and chumney claims it was a spurious bidder (who is named and shamed) that spoiled the previous auction. Maybe, and maybe not. I think the pile of parts will be for sale for some time at 9 grand.

[Bob 1967]

Originally Posted by Laird Scooby

Dutch Auction?

https://en.wikipedia.org/wiki/Dutch_auction

Seems to closely resemble what's happening!

I think I countered that with "It's more like a Dutch Oven!"

https://www.urbandictionary.com/defi...m=Dutch%20oven

[Moomoo]

https://www.ebay.co.uk/itm/275539657...Bk9SR9bjw4GfYQ

It’s not going to sell for anything like that price is it?🤨

[Othen]

Originally Posted by Moomoo

https://www.ebay.co.uk/itm/275539657...Bk9SR9bjw4GfYQ

It’s not going to sell for anything like that price is it?🤨

I thought that was a fairly sensible price for an historic motor car Andrew. I think the vendor is an occasional member of this forum.

[Moomoo]

Originally Posted by Othen

I thought that was a fairly sensible price for an historic motor car Andrew. I think the vendor is an occasional member of this forum.

Too many imperfections, I think Alan!

The car is good but , as I say too many knocks!

[Othen]

Originally Posted by Othen

I've just noticed the asking starting price has just been cut to £3,150 (still no bids). If that called a 'falling auction' where the price keeps getting reduced until someone buys?

I still think it is too expensive for a polished turd.

I’ve been following this auction, the 740 estate failed to get any bids at £3,150. I suppose we see it a few more times until it gets to £2,500.

[Othen]

Originally Posted by Moomoo

Too many imperfections, I think Alan!

The car is good but , as I say too many knocks!

Maybe Andrew. The seller is a genuine chap I think. If I recall he inherited the motor car from a relative and has spent a bit to recommission it. If he got it MoT tested and took some better photos I think it would make the money.

[Othen]

Originally Posted by Othen

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I regret to report that I was exactly right, this was obvious shill bidding by another seller and this one has also had his fingers burned. A classified ad appeared this morn at £5,995:

https://www.ebay.co.uk/itm/195463659748

... it this wasn't so pathetic it would be amusing. It looks (to me) like genuine bidding at the auction topped out at about £3,000, but chumney thought he/she would add another £1,700 or so on with some shill bids and see if a sucker followed. Fortunately no one did and the seller looks foolish.

I find this obvious shill bidding really irritating - perhaps it is something about red motor cars?

:-(

Originally Posted by Othen

Ah ha!

The asking price (classified ad) has suddenly dropped to £4,995 - only another 2 grand to go until it sells .

I've been keeping an eye on this one... the sale ends this morn (it is a classified ad with offers invited). I don't think it will sell so we'll probably see it again, but it probably won't be worth re-advertising until after the holidays. If I remember correctly this motor car has been for sale since October (I suspect the day after it passed a MoT test), this is from when BicycleBoy saw it on 3 November (having already been on sale for a while):

Originally Posted by BicycleBoy

It's a good place to log and track the UK 240 market.

Here's a nice saloon that's sat for aeons at £6.5k, vendor has finally thrown it to the market to decide with a no-reserve auction:
https://www.ebay.co.uk/itm/195449039987

And we all love a GLT estate, again no reserve auction:
https://www.ebay.co.uk/itm/225234209444

... the vendor has tried lots of tricks to shift it including shill bidding at auction, but I think he/she has been greedy and is now paying the price. January and February are going to be hard times to sell large, thirsty, non-historic cars of no particular note - even in red.

I'm still struggling to see this motor car making more than about 3 grand.



PS/ This vendor is the one also selling the Austin Ambassador and a Ford Cortina - neither of those has sold either .

[Othen]

Originally Posted by Othen

I’ve been following this auction, the 740 estate failed to get any bids at £3,150. I suppose we see it a few more times until it gets to £2,500.

... by way of comparison, this 760 diesel estate made £3,000 at Mathewson's auction last week:

https://www.mathewsons.co.uk/auction...pp=96&pn=5&g=1

... with just 87,000 miles (according to the MoT history). I think that puts the 740 above at no more than £2,500.

[Othen]

Originally Posted by Othen

This one might be a good test of the bottom of the market:

https://www.ebay.co.uk/itm/354428701...p2471758.m4703

Bobwalkin time.

PS. Bob and I are back home. This one is another 'barn find', it hasn't been run since 2018 and the registration plates have been removed so I can't check the MoT history. It looks a bit rough, and one has to wonder why it was shelved 4 years ago. Bidding seems to have gone along briskly, but in small increments so I wonder whether there is a friendly (to the seller) bidder nudging it along a bit to get things started. I'd say this one would be much more risk than Phil's estate that sold for under £500 a few days ago, so if bidding goes over a monkey I'd suspect a bit of shill action

Bidding was quite brisk early on with this 'barn find' 740. The bidding pattern does look like it is shill with a new eBay user (7***3Feedback score (2)) pushing the price up quickly from £300 to £540, where it seems to have stalled with a day to go. If that happens we normally either see the shill bids retracted just prior to the end of the auction, or the motor car advertised again on Monday.

I can't help thinking the 740 is already at the price it is worth.