H&h Motorcycle Auction

What a lovely collection for sale,but the Question you've to ask yourself is this a healthy way of purchasing motorcycles, for me paying 12% plus tax on top as a buyer to the auction house when the hammer drops,also the seller has to part with 5/6%,perhaps i'm missing something here.

 

It's 15% with Bonham's - I'm sure the buyer and seller pay 15% too (and there's vat on the 15% fee too) but saying that I have had 3 great buys from auctions.

 

Surely none of that is relevant, as you say you know what the add on fees are above and beyond the hammer price so you can reverse calculate what the final bid you want to make is 'at the hammer' so that you don't exceed the 'all in' price you want to pay.

This way unlike a dealer sale you know the margin upfront and can make a decision on your spend in advance, in fact it could be viewed as a healthier way as you know the component parts of the financial transaction.

Makes no odds what part of the pie has what value, only real number that matters is the total price you pay and only you can decide whats right for you.

 

^^^The reverse cycling formula is a very handy tool to have at your disposal when parting with your bread,i just prefer a price tag and go from there.

 

The old dangerous equation.

• Time on hands + Boredom + Internet auction sites + Hankering to ride motorbike = Trouble.

Thankfully, there is a neutraliser

• Lack of disposable funds for more toys.

 

The prices achieved will be interesting - see how the current situation is affecting the market

 

Wow that's pricey,If they start at a very low price (well below the guide price) and as you said before no one else on the bidding floor / dog & bone you could get a bargain on the day.i have never been to a auction house so not that comfortable with the format.My father has brought and sold property online without looking at the goods.

 

Well, when my funds come through from Lawrence the bannister in Ghana, I know what I'm spending some of it on.

 

Been watching some of the auctions and the prices seem steep - a BMW R80 G/S just went for around £7k which when you add the fee and the VAT is around £9.5k - madness.

 

Some list with fees added (but not the VAT on the fee) like Bonham's… but it's the only true way of determining value at a point in time, what someone is prepared to pay on the day. Similar to Ebay Auctions, but people rarely go with no reserve on Ebay. The auction houses try and talk everyone into no reserve.

 

Looks like only 2 out of the 7 Ducati’s sold

 

Private sellers with an unrealistic expectation of the value of their items is not uncommon but the person who come up with guide prices needs to find a job in a different field because they certainly haven’t excelled themselves with this auction. Andy

 

saw an 1199 SL sold for 29k at auction recently, though that was low? Or am i mistaken?

 

Even Sheffield seemed to have significantly reduced the asking price of theirs. All 3 are now priced in the mid £40k bracket. 1299SLs and D16s still seem to be holding a high asking price though. Andy

 

With all those who were gagging to get a Norton, and pay top dollar, I'm surprised this didn't sell; one of only 3 ever made, and actually with a V5 and complete, not been hacked part for bits.
https://www.handh.co.uk/auction/lot...0&au=399&ef=&et=&ic=False&sd=1&pp=96&pn=2&g=1

 

RD500 not sold as well. Just goes to that people asking 15k plus for them are dreamers.

 

With no attendees I'm not surprised - no Auction Fever I see the FP1 must have been withdrawn

 

I sold my RG500 for more than that

and I sold a project RD500 for £10k..

there are buyers out there but they clearly weren’t at that auction