Mar­ket mat­ters

Classic Car Weekly (UK) - - This Week - by Richard Bar­nett

RICHARD BAR­NETT, MAR­KETS ED­I­TOR

If last week’s CCW cover story is any­thing to go by the idea of a clas­sic auc­tion code of con­duct seems to be gain­ing in­ter­est.

It’s a pleas­ing de­vel­op­ment to know that busi­nesses – of­ten ri­vals – have sim­i­lar views and are keen to en­cour­age cus­tomer con­fi­dence. The num­ber of peo­ple buy­ing and sell­ing at auc­tion are clearly happy with the ser­vice they re­ceive, but there’s also a worry among the longer-es­tab­lished busi­nesses that the new­com­ers might not nec­es­sar­ily be play­ing with such a straight bat.

Of course, com­pe­ti­tion is good, as it gives both buy­ers and sell­ers more choice. And more com­pe­ti­tion means lower pre­mi­ums. But at what price does an auc­tion­eer fi­nance those lower pre­mi­ums? A less in­for­ma­tive web­site and fewer ad­ver­tise­ments? A poorer qual­ity cat­a­logue? And then we need to get down to the all-im­por­tant length of time it takes to pay the ven­dor.

A code of con­duct should tidy things up and unite those oth­er­wise ri­vals in mak­ing the clas­sic auc­tion move­ment even bet­ter than (most of) it is al­ready. Who’s go­ing to get the ball rolling?

‘A code of con­duct should tidy things up’

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