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MG MGA - Coys Auction at Autosport

Just thought I would remind the guys who are interested in my MGA race car, that it is in the Coys Auction at the Autosport show on Saturday 15th, ie this week!

Colin
Colin Parkinson

Your car looks really fantastic Colin and I wish I was in a position to buy it.
I have always loved the look of a race prepared MGA.

My roadster was a race prepared hill climb car with the le mans style front valence when I first saw it. I reluctantly had to have its full race engine swapped for a fast road tuned MGB engine as it was almost undriveable on the road but otherwise, apart from also removing the full roll cage, I have left it pretty much in race set up.

The two MGAs I owned before my roadster were both Coupes which my wife loved ( I think she likes to be warm!) and I know that if she had seen your Coupe before I bought it we would most likely now be driving your car.

I think in the present market you should get the high end of the reserve for your car. The race tuned 1622 engine and the Jack Knight gearbox should easily make up any difference in value between roadster and coupe prices.

Best of luck with the sale.

Colyn

Colyn Firth

Colin

I presume you will be at the auction. Can you let me know how much the Carltonware Morris fetches. I have 2 of them and 2 of the 'Old No.1). I am guessing it should fetch 60 to 80.

Steve
Steve Gyles

Link to the car
http://www.coys.co.uk/auction.php?carID=63&auctionID=8
Mike Ellsmore

Steve, no I will not be at the auction. I am going to the show on Friday, trade day, and if it doesnt sell I will have to go back on Sunday. Cant do 3 days! And it will a madhouse on Saturday.
If you go to www.coys.co.uk you will be able to access the auction live through Ibidder. That is what I will do!

Mike, thanks for putting on the link. I should have done that!!

Colyn thanks for your message.

Colin
Colin Parkinson

Steve the Carltonware Morris fetched 50 + 15% buyers premium +VAT on the BP.

At a quick glance many items did not sell or meet reserve.

At the show yesterday, the word on the street was it would not be a good sale, with the heavy BP and now VAT at 20%.

I am not holding out much hope for the A, and have already been contacted to see if I will lower the reserve, as was my mate with a Porsche.

So we will just have to wait until later!

Colin
Colin Parkinson

Colin

Best of luck. That was a fairly low price for the Carltonware, but I guess with the extras it brings it up to Ebay prices which are normally 80 ish. That said, one used to be advertised in an antiques shop in Stoke on Trent for 395.

Steve
Steve Gyles

Well it sold! Not sure where it is bound. It seems that prices were on the low side, with only 6 cars out of 59 making minimum estimate. But they still knocked them down. Not sure how that works!

Now I must finish the B race car.

Colin
Colin Parkinson

Colin

It usually depends on whether you set a fixed or discretionary reserve. My experience when selling at antique auctions is that you have to be quite specific when entering the item for sale. The auction house will specify an estimate range, say 80 to 100. The lower figure is assumed to be the reserve. If you do not specify a fixed reserve, the auctioneer will use his discretion to sell up to 10% below the lower estimate figure if the auction is struggling.

Cost me money before I understood the rules.

Steve
Steve Gyles

Steve I actually think I did a good deal. There was an upper and lower estimate. And a reserve which was specified, which was between the 2. But it was a net reserve. So if they sold for less than the reserve, they would still make it up to the net reserve, subsidised out of the (massive!) buyers premium.

That's how it works! If you dont like the rules, then you dont play the game!!

I am happy. Just hope the new owner is!!

Colin
Colin Parkinson

This thread was discussed between 11/01/2011 and 15/01/2011

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