Mar­ket view

Classic Car Weekly (UK) - - This Week - RICHARD BAR­NETT, MAR­KETS EDI­TOR

by Richard Bar­nett

It seems that my re­cent sound­ing off about some auc­tion­eers not putting their prices up has the sup­port of those who do make the ef­fort. One auc­tion­eer I spoke to re­cently said the lack of pub­lished prices re­flected badly on the whole in­dus­try, and fol­low­ing on from CCW’s story about in­tro­duc­ing a code of con­duct for clas­sic sales, the need for some busi­nesses to be more open about what sold, what didn’t and prices achieved has be­come more im­por­tant than ever.

We’re go­ing into busiest part of the year for clas­sic auc­tions and buy­ers and sellers will be look­ing for good re­sults from long-es­tab­lished com­pa­nies. Both sides of the deal need peace of mind – the seller that they will be paid, and the buyer that they’re get­ting what they paid for, with no mis­lead­ing cat­a­logue de­scrip­tions mean­ing they’re spend­ing their cash on some­thing that’s not what they ex­pected it to be.

It goes with­out say­ing that the good auc­tion­eers will look af­ter the buyer and the seller, which means the need for a code of con­duct should be su­per­flu­ous.

Let’s hope that is the case.

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