Hi I'm not sure how you disagree with my net price approach? as per your post just before this one , you tell us to view the sellers commission as a set percentage amount that rarely gets negotiated, so why debate the same point you cited?! Please clarify, you seem to be contradicting yourself. All I'm saying is that since both buyer and seller dont see the same price, the hammer price is the most accurate one. Why dont they quote a stock's price with the commission in it? Because it varies and is not the clearing price of the asset.. My inside info - and its not "inside" - simply amounts to the experience over the past 4 months when i was approached with an open mind to commission structures provided I consigned a car. Using the word unethical in this context is poor form. Beyond this point, i don't follow the rest of you post Bill, sorry for being slow. elad
I agree. He was the one that made the Monaco sale a success last May. More than 8 hours straight on the block, I take my hat off for him. You should see him charm people in fluent Italian, French and English all without taking a breath. It's impressive. Onno
I agree. He seems to be able to come across as less formal than British auctioneers, but conducts the auction completely unlike typical American auctioneers who sometimes appear to be selling pork on the hoof. We met him briefly before the Maranello auction last year, and Mrs. Jack-the-Lad was completely charmed. (Not charmed enough to bid on a car, though!)
Hi Elad, Regarding Bill's comment I think he metioned I cannot agree more....As the hammerprice is the nett price. ciao Oscar typed with fingers on a Ipad......
Excuse an opinion from a neophyte but isn't the hammer price the only one that the public knows for sure? Using it as the standard insures an apples to apples comparison. Or am I missing something. Congrats on the sale Bill.
Increasingly houses are posting hammer price including buyer commission which seems a clearer picture to me too ie the cost to buy the car - although I did note that one gives you the option of hammer or hammer plus commission
If he meant disagree= agree, then all is fine with the world! Good luck to both buyers and sellers. this game is fun anyhow you look at it. elad
Every year there is disagreement on the price listed by members. The way I understand it is such. To give a comparable price line of sales the hammer price should be used. However to give a more realistic value of each cars price it should reflect the total money coming out or going into your wallet. Whether you are a buyer or a seller also in this scenario changes. If the car has a hammer price of 100,000 and your a seller , you will for all intense and purposes get back 90,000 in hand. If your the buyer of that car it would cost you 110,000. Generally it is always asked "how much does that cost".
Maybe I was watching the auction at the wrong time. I turned it on at the very tail end and he just seemed unprofessional to me. He was on the block for 6 hours though so I gotta give him that. Pretty incredible line-up tonight. If anyone wants to follow along, the online catalog is here: http://viewer.zmags.com/publication/55b81963#/55b81963/1
