Reply With QuoteWell, a poor bugger payed $5000.00 for the Disco.
My theory at clearing sales are know your prices and if you can not get it for 1/2 price you are paying too much.
Hence I do not buy much at them, but enjoy going to them.
RoverLord
Someone gets carried away at every auction sale! All you need is two people who have both decided they are going to buy that particular item.
John
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
Wizard
Well, a poor bugger payed $5000.00 for the Disco.
My theory at clearing sales are know your prices and if you can not get it for 1/2 price you are paying too much.
Hence I do not buy much at them, but enjoy going to them.
RoverLord
Yes, I have not been to one for a couple of months , but that pretty much covers it. In particular, items such as vehicles, unless you know that specific vehicle (and this does happen!) you have to put a large margin in for possible unknown problems.Originally Posted by crash
Prices at clearing sales also vary a lot according to where the sale is, and also, what other sales (or other events) are on the same day.
In some cases it is worth paying above market price for items simply because they are there on the spot. But it is difficult to see where this would apply for something like the Disco mentioned.
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
Master
No not mine, but a soon to be new AULRO member "SE7$5000" or something
1. whot do you use to remove 5 gallons of oil from upholstry?
2. how do I fit 6/7 seat in my SE7 which I had assumed has 7 seats!
3. is 67,000 klms between services considered excessive?
But I'm sure we'll all help out, after all they're now family!
Hope it isnt a lemon, fingers crossed for the dude.
Swaggie
A very experienced and very successful second hand dealer once told me his creed for buying at auction. Never pay more than 1/4 of new price for goods in good used condition that can be resold with a minimum of preparation and never pay more than 1/3 new price for goods that are new or as new and can be resold with no preparation. This obviously applies to general goods not motor vehicles. You should look up wholesale price on the internet before the auction and allow for costs of recovery to your premises, necessary expenditure to get a Safety Certificate, any other necessary repairs and/or preparation to make saleable or usable as the case may be, registration and ctp. a car with a private resale value of say $5000 and a bit rough probably should not attract bids of more than $2000-$2500 at a general auction without rego and Safety Certificate, and "as is, where is". Car dealers have to provide a warranty but auctioneers don't.
URSUSMAJOR
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