Hi guys, this is the second thread I wanted to comment on, I have my opinions and I am not quoting them as there are too many.
I was aware of this auction and had informed tbhp members about this a while ago.
People seem to forget that there are three actors involved in an auction sale, the auctioneer who want to attain best price to get more cars to sell, the seller who wants to maximize his profit, and the buyer looking to buy a car at the best rate.
That was a simplicit statement, the auction house is not looking for a one off event and would like to offer a service to encourage others to consign their cars to them.
The result has shown that all have benefited
The auction house had a sale above reserve price.
The seller got more than he was offered in the past (according to our learned members)
The buyer got a car where he won an action, btw that car as of now is unique in India, a Canadian RHD Pontiac.
The car, a Pontiac was a Goa car which came to Goa prior to liberation in 1961. The cars imported to Goa were mainly right hand drive, Beetles, Peugeots 403, Opel's, Mercs, Holden, Austin, Cadillacs, all came to Goa in RHD drive form. After liberation the car lovers in Goa were badly affected because Indian stupid policies were imposed and their purchases were limited to Ambys and Fiats.
She was bought in Goa, went to Hyderabad, restored in Delhi but seller was from Mumbai.
The car is quite presentable, the owner won her in an auction in competitive bidding and should be pleased with his acquisition. She is eye candy, and for a start quite a catch. Owner should be happy with the car.
Unfortunately, the car indeed did break down, the oil pipe did fail (btw, what is an oil PRESSURE pipe??) but I know that a replacement has been acquired. She will be soon back on the road. The car was offered for inspection to all bidders, the winner should not have a grouse, he will soon learn what vintage and classic car ownership means and how to live, deal and get on with it.
I thought that comments on the restoration and pricing were unfair in general, if you did not bid, the condition is irrelevant to the commentators. Why do some think that they must say that the car is not well restored? What is the compulsion other than opinionating? After all, no one knows with what intention did the buyer bid for the car, maybe he was prepared for a FULL stripdown restoration. Those who know the buyer and have interacted with him could but need not comment, others are merely speculating.
The auction house can to view this as a success, their clientile may clamor for more cars, but then where are cars available? Today, for example, you can import food products from China (yuk), but you cannot import a vintage or classic car.
I read comments about paying a higher price from the comfort of your home via the net. That is sheer rubbish. Auction is one more source for cars. I have purchased a lot of vehicles, cars and bikes from all over India, in more than 90% cases the owners don't know me and I was nowhere near by. I got these through agents and friends, sitting in my office with the comfort of my telephone. For me nothing has changed, but auction is a new medium which takes the competition into an open forum. But many prefer to do quiet deals, like the lot of Packards and other cars currently being offered
. Don't ask me about them, the broker(!) is on tbhp ask him!
These are not the first vintage/classic cars auctioned in India, this has happened before, e.g. with bank auctions, where two Rolls were sold.
Someone asked if cars were Art, well cars are cars, an investment, valuable, so why can these not be auctioned? Watches and clocks are also auctioned, are these art? No, but no question was asked about them.
My final 2 bits on this. The vintage car scene is very complex in India, it could have been made easier if our club was active in helping members to sort out issues instead of selfish gain. Many cars don't have clear docs, our club can but won't help. Such cars cannot be auctioned as clear docs are required. If the government were to consider these cars as national heritage, that would help in documentation and availability of spares, but again our club does nothing except play politics.
Someone wishing to enter the vintage car field as a newbie is not going to find comfort in an auction house, he needs to get to know people and ask questions. Before I bought my first car I made friends with people who owned vintage cars, they took me to the bazar and I even visited the vintage car club of that time. You have to learn the ropes just like you learn your business. If you chose to become a builder, you don't become one by winning a plot at an auction. Get my drift? So, if one intends to acquire cars, one should get to be one of those who is "in the know". Its not difficult, and will expose you to different personalities.
Lastly about Mercedes Benz selling vintage cars, what a joke. Mercedes Benz has been active in Opera House with dealers of their parts, but have no where even offered to touch base with owners of Vintage Mercedes cars in India. Aa a lark I once phoned MB in Pune, told them about a vintage car I own, the response was as warm as I could get from a barber. Maybe they could work on that first. Mercedes Benz tries to portray that they are a life style co, so they bombard you with Golf events which many Benz owners don't play, or invite you to the Noida track, now they associate themselves with Art in auction. They have lost touch with reality, recently it was in the news that Audi was top selling foreign high priced car above BMW and Mercedes. Audi was virtually unknown 12 years ago, the attitude of Mercedes to a buyer is so bad that they border on obnoxious. I have personal experiences with them, they must be the only company which had to sell their unsold W124's as second hand vehicles after putting 5000 KMs on the clock. They cannot sell their cars in a way to give some happiness to a buyer, and they are going to sell vintage cars? These would be pre 1940 being vintage, btw, they would have to source within India, recondition and sell. I feel that this is not possible, just hot air.
I have been to a Merc showroom in Germany and have seen these young classics. They are cars like W 124 coupes & convertibles, 126, 123 coupes, all reconditioned with some warranty, and expensive. As far as I am aware these are offered only in Germany, LHD, I am not aware of these being available in UK where we would get RHD cars.
I read here that GTO wants to buy a W 126. If I had known, I could have forwarded info about a one owner car which was scrapped for Rs 60000/-. One significant method of acquiring cars is to let the community know what you are looking for.
Cheers harit