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The price is right
Page 78
Page 79
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CM kicks off a new series in which we'll be putting auctioneers under the spotlight They get to value three trucks — then we see how well they perform...
Auctioneering isn't just about shouting loudly, waving a hammer around and making sure you get everyone's nod or wink.
Auctioneers also price vehicles for vendors to help ensure a sale, as well as sourcing quality products to go before ever more demanding buyers.
So how well do auctioneers know the market? We asked Charlie Wright at Commercial Vehicle Auctions to put his reputation on the line, by choosing three lots at the firm's 9 February sale in Doncaster to see how they performed.
He selected the price he thought each lot would sell for; Commercial Motor went along to see just how accurate his predictions were. Eyes down for...
LOT ONE Vehicle: Daf 45, W-reg, 210hp, 4x2 rigid Specification: High-roof sleeper cab with demountable body on 10-tonne chassis; 1.5tonne tail-lift Condition: Clean exterior with tidy cab Status: Unusual Auctioneer's estimate: £7500 (ex-VAT) Outcome: Spot on within 5% LOT TWO Vehicle: Scania R113, N-reg, 360hp, 6x2 tag Specification: Streamline Topline cab, tag axle Condition: Rear wheels missing, air dumped out of chassis; looked more unkempt that tatty Status: Popular for export Auctioneer's estimate: £5,500 (ex-VAT) Outcome: Sold for more LOT THREE Vehicle: Volvo FM12, 51-reg (2001), 340hp 8x4 tipper Specification: Steel bodied tipper; one of a pair Condition: Tidy chassis cab with clean interior; muckaway body looked well used Status: Sellers' market Auctioneers estimate: 226,500 (ex-VAT) Outcome: Received higher bids, but not high enough to tempt the current owner to part with it Conclusion These vehicles certainly weren't peas in a pod, reflecting the diversity auction houses cater for.
The prediction for the Daf 45 was accurate enough,considering you never know what the trade is after with unusual vehicles.The export market gleefully snapped up the Scania with strong bidding taking it past Wright's prediction.
Finally the tipper received bids higher than predicted.but it seems they were not high enough to satisfy the owner.