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Jun 14th, 2026
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Joined: Aug 2006
Posts: 1,103 Likes: 17
Has a lot to Say!
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OP
Has a lot to Say!
Joined: Aug 2006
Posts: 1,103 Likes: 17 |
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Joined: Jul 2007
Posts: 27,809 Likes: 749
Member of the Inner Circle
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Member of the Inner Circle
Joined: Jul 2007
Posts: 27,809 Likes: 749 |
Yep that is a steal at that price & with warranty remaining.
JohnV6
2022 CX Plus Four
2025 Renault Scenic Alpine etech "Yvette"
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Joined: Aug 2011
Posts: 7,553 Likes: 88
Talk Morgan Guru
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Talk Morgan Guru
Joined: Aug 2011
Posts: 7,553 Likes: 88 |
It will be interesting to see what it sells for.
Nice looking car.
Bud
4/4 - Stanley
Bud
4/4 "Stanley"
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Joined: Sep 2016
Posts: 1,035 Likes: 36
Has a lot to Say!
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Has a lot to Say!
Joined: Sep 2016
Posts: 1,035 Likes: 36 |
It's only an estimate and it may go higher of course, also the reserve may be set above the estimate. The 16.2% commission will add considerably to the hammer price ! Presumably there was no interest when advertised by this Morgan dealer. Surely if they'd listed it at £40k rather than £60k it would be sold which makes the auction estimate look a bit peculiar. https://www.carandclassic.com/car/C1679018.
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Joined: Nov 2015
Posts: 8,671 Likes: 489
Just barreling along Needs to Get Out More!
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Just barreling along Needs to Get Out More!
Joined: Nov 2015
Posts: 8,671 Likes: 489 |
16.5% buyers commission...eek !
Jon M
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Joined: Jun 2021
Posts: 1,982 Likes: 103
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jun 2021
Posts: 1,982 Likes: 103 |
It's only an estimate and it may go higher of course, also the reserve may be set above the estimate. I struggle with that. In a recent (non-automotive) auction, the auctioneer told me ".....we cannot legally set an estimate that is below the reserve figure ". Does anyone who has more experience of auctions than I do, know for sure ?
Peter
2009 3-litre Roadster "Ivor", royal ivory / green
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Joined: Sep 2016
Posts: 1,035 Likes: 36
Has a lot to Say!
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Has a lot to Say!
Joined: Sep 2016
Posts: 1,035 Likes: 36 |
It's only an estimate and it may go higher of course, also the reserve may be set above the estimate. I struggle with that. In a recent (non-automotive) auction, the auctioneer told me ".....we cannot legally set an estimate that is below the reserve figure ". Does anyone who has more experience of auctions than I do, know for sure ? Actually I've heard the same and I think it's usual to have the reserve below the estimate. However, my understanding is that the reserve can be set at up to 10% above the estimate. In this specific case I find it very strange that a car recently advertised at a Morgan Main Dealer for £60k, would be allowed to sell for less than half of that amount.
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Joined: Aug 2006
Posts: 1,103 Likes: 17
Has a lot to Say!
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OP
Has a lot to Say!
Joined: Aug 2006
Posts: 1,103 Likes: 17 |
It’s a buyers market… Expect reserve will be £30k or just below. The market is flooded with CX and Trads which are not selling,.
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Joined: Sep 2016
Posts: 1,035 Likes: 36
Has a lot to Say!
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Has a lot to Say!
Joined: Sep 2016
Posts: 1,035 Likes: 36 |
It’s a buyers market… Expect reserve will be £30k or just below. The market is flooded with CX and Trads which are not selling,. Even considering the current state of the market that's more than £20k below any similar age/spec car. I can't believe it wouldn't sell for more than £30k if it was advertised directly.
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