Classic Car Weekly (UK) - - Buying & Selling - RICHARD BAR­NETT, MAR­KETS EDI­TOR

When is a clas­sic car auc­tion not a clas­sic car auc­tion? There’s quite a lot of rightly jus­ti­fied con­fu­sion in the old car move­ment about cars some­times be­ing of­fered on auc­tion­eers’ web­sites with both an es­ti­mate AND a ‘buy it now’ price. Not sur­pris­ingly, the net re­sult of this is that con­fu­sion reigns, with some peo­ple I’ve spo­ken to in re­cent months say­ing ‘what’s the point of that?’

I have to say that I’m in com­plete agreement with this sen­ti­ment. Cars that are sold at auc­tion are a dif­fer­ent ket­tle of fish from cars that are sold by a dealer or a pri­vate seller, and blur­ring the lines in this way does the auc­tion world ab­so­lutely no favours at all. And it’s not just me say­ing it, ei­ther – deal­ers and en­thu­si­asts are also in­creas­ingly scratch­ing their heads.

In­ter­est­ingly, the longe restab­lished busi­nesses have de­cided against jump­ing aboard this par­tic­u­lar band­wagon, and rightly so – they’re clearly see­ing the dif­fer­ence in roles be­tween a dealer and an auc­tion. Would that oth­ers would fol­low suit.

‘Blur­ring these lines does the auc­tion world no favours’

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