Newark Car Auctions Nottingham any Good?

mr_harris

Hi All

Does anyone go to Newark car auctions and had any goods buys from there.

Many Thanks

karatepet

yes it is good,was there a couple of weeks ago,if you have a classic car it is cheaper to get in a space for classic cars only.

mr_harris

Hi

Ok thanks more looking to buy

vax2002

Beware of two tricks, Ghost bidding ...where the auctioneer bounces the bid off the wall and bids against you, they do this by reading body language.
And "Pulling it out" you bid, you win a provisional sale , you go to the window and they say they will sell you the car if you add a bit more on than you bid as it has not met reserve, then they mug you for the extra and keep the difference.
If they try it on, ask for your deposit back .
take a buddy and if they start bouncing the bid get your buddy to walk in that area the auctioneer looks to be ghost bidding in.
Better still, set your price and dont bid till the hammer is due to go down

mr_harris

ok thanks for your advice

marryalison

Hi. Sorry to dispel some 'myths' here. Most vehicles have a 'reserve' price, and if this is not reached, then the highest bid is noted, bidder details taken, and the vendor (seller) contacted to see if they will accept the bid. If they ask for more money (they are entitled to - it is their vehicle and has not reached the reserve price) then this is conveyed to the bidder. It is then the bidders decision to either walk away or meet the asking price. All fair and proper to both sides, called 'provisional bids' 'Skimming the difference' is a product of someone's overactive (and suspicious) imagination!

s_b

marryalison wrote: »

Hi. Sorry to dispel some 'myths' here. Most vehicles have a 'reserve' price, and if this is not reached, then the highest bid is noted, bidder details taken, and the vendor (seller) contacted to see if they will accept the bid. If they ask for more money (they are entitled to - it is their vehicle and has not reached the reserve price) then this is conveyed to the bidder. It is then the bidders decision to either walk away or meet the asking price. All fair and proper to bothe sides, called 'provisional bids' 'Skimming the difference' is a product of someone's overactive (and suspicious) nature!

i remember one auction i used to use regularly it was the tractor sat in the corner that used to buy most cars auction days
or listen to vax2002.s good advice
mary you are the weakest link im afraid, have you never heard of a buyers ring or a sellers ring or even an auctioneer with his own cars trotting them up?

no idea about newark but please dont post incorrect answers

i thank you as a wall bidder sometimes

marryalison

I would be interested to know what part of a 100% factual answer is deemed to be 'incorrect' (in your opinion) and what working experience you have of a bona fide auction house. Guess work and presumption are not useful to any forum I'm afraid, and the comments I replied to were both ill-informed and incorrect.

s_b

marryalison wrote: »

I would be interested to know what part of a 100% factual answer is deemed to be 'incorrect' (in your opinion) and what working experience you have of a bona fide auction house. Guess work and presumption are not useful to any forum I'm afraid, and the comments I replied to were both ill-informed and incorrect.

hi mary
an independant link for you
https://forums.moneysavingexpert.com/discussion/3783723

please read post 27

cyclonebri1

From my experience not hearsay;

Newark the worst

Chesterfield 2nd worst but now gone

Bawtry good but be very carefull

Huthwaite aka Manheim Mansfield is excellant as are Notts, Derbs and my favourite bca at Measham

marryalison

I see the problem. You are refering to the 'bidding up ' accusation, and yet my reply is purely about the incorrect assumption about provisional bids - i make no comment about the former as it appears to be universally accepted/rumoured to be widespread, although if the final bidder is prepared to go to 'X' and is happy with the purchase, does it matter?!