Dealer switches to auctions
A top classic car dealer has explained why he has switched 90% of his business to running auctions.
Derek Mathewson, of North Yorkshire-based Mathewsons attributes the change in business down to ‘timewasters, day dreamers and getting cynical over the current market’.
He has been selling classics for 45 years, and has built up his own collection of more than 100 vehicles.
Derek says: ‘To be honest I’d had enough of just dealing in classics and the way the market has been going.
‘We are still selling a few classic cars retail, but I’m pleased to say that auctions are now 90% of our business. We love doing this.’
Mathewsons’ main showroom at Thornton-le-Dale near Pickering has now turned over to storing and displaying lots for the seven auctions taking place there every year.
The next sale, on 16 July, will have around 140 cars and motorcycles going under the hammer along with automobilia and other lots.
‘I must emphasise that we have many great customers, but as time goes on there seem to be more and more timewasters and a lot of dreamers – people saying that they were calling from 30 miles away on their way to see us and then never turning up.
‘People are paying huge sums to have cars restored, thinking they will get it back in this market, but even with a good restoration this rarely happens,’ Derek says. Nick Larkin
This Morris Traveller, Triumph Herald and Wolseley 1500 will be in Mathewsons’ 16 July auction.