keron Posted September 30, 2021 Share Posted September 30, 2021 2 minutes ago, Tyson said: It now says total price £40,500, does that mean it is no longer an auction but a buy it now price? If so, @ARPUS £45k looks like a sensible market value. correct... so lawrence wants about 38k for the car... the rest is the auction fees. Quote Link to comment Share on other sites More sharing options...
Annabella Posted September 30, 2021 Share Posted September 30, 2021 See if it goes, it has 7 days.... Quote Link to comment Share on other sites More sharing options...
rider Posted September 30, 2021 Share Posted September 30, 2021 2 hours ago, keron said: correct... so lawrence wants about 38k for the car... the rest is the auction fees. Classic Car auctions have buyers fees rather than sellers commission. So the sales price is what the seller sees or on reserve wants. Quote Link to comment Share on other sites More sharing options...
keron Posted September 30, 2021 Share Posted September 30, 2021 (edited) 12 minutes ago, rider said: Classic Car auctions have buyers fees rather than sellers commission. So the sales price is what the seller sees or on reserve wants. so what you mean is that the seller wants £40500? im a little confused as it says here the sales price is including the 5%+vat ? so if someone buys it at £40500, then what does the auction house get then? what i said earlier is that the owner of the car wants about 38k for the car so the rest is for the auction house. Edited September 30, 2021 by keron (see edit history) Quote Link to comment Share on other sites More sharing options...
Tyson Posted September 30, 2021 Share Posted September 30, 2021 15 minutes ago, rider said: Classic Car auctions have buyers fees rather than sellers commission. So the sales price is what the seller sees or on reserve wants. 4 minutes ago, keron said: so what you mean is that the seller wants £40500? im a little confused as it says here the sales price is including the 5%+vat ? so if someone buys it at £40500, then what does the auction house get then? what i said earlier is that the owner of the car wants about 38k for the car so the rest is for the auction house. I think the confusion maybe that it is now not being sold under auction but at a fixed price so the fees are already added as they are a fixed price. Quote Link to comment Share on other sites More sharing options...
rider Posted September 30, 2021 Share Posted September 30, 2021 It could be that fixed price selling auction house fees are allocated in a different way to an auction sale but if it is, then it must be something they don't do very often seeing it isn't outlined in their fees section. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.