MGBGTV8
& RV8 sell at ACA auction
MGV8 Price Guide update
Last update to the end of October 2019 released early in November.
Our next market review and guide will be out in early May 2020. More
Buying a selling advice on the buyinganmg.com website
It's a website packed with useful information and advice.
www.buyinganmg.com
200130
See CCW auction listing
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MGBGTV8
in BRG
ACA Auction - 25th January 2020
Estimate: £12,000 to £16,000
Sold including premium: £16,748
.
Keith Belcher, one of our Pricewatch volunteers,
reports "the MGBGTV8 was sold at the ACA auction.We believe
the hammer price was £15,800 and with the 6% commission
and VAT the buyer will have paid £16,937.60.
The seller would receive the hammer price less the entry
fee and 6% commission plus VAT thereon - £14,572.40
Auction
result
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Reimported RV8 in Woodcote Green
ACA Auction - 25th January 2020
Estimate: £14,500 to £16,500
Sold including premium: £15,264
.
Keith Belcher, one of our Pricewatch volunteers, reports
"the RV8 was sold at the ACA auction.We believe the hammer
price was £14,400 and with the 6% commission and VAT the
buyer will have paid £15,436.80.
The seller would receive the hammer price less the entry
fee and 6% commission plus VAT thereon - £13,273.20
Auction
result
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Bumper
crowds at the ACA auction
Classic Car Weekly reports there was a "draw-dropping number
of punters" at the auction at King's Lynn on Saturday 25th
February 2019. Low mileage entries and keenly priced modern
classics were the "pull". The CCW report says "Anglia
Car Auction's sales are often seen as a market barometer and,
with a seriously large crowd in attendance, the late
2019 slow-down was (in King's Lynn at least) replaced by an
upbeat, positive, let's-get-on-with-it air". With 82% of
the cars on offer sold and a claimed attendance of 25,000, bidding
was brisk. With 181 cars selling for over £1.8m on sale
day before any post-sale deals that was an average of £10,145
including the 6% buyer's premium.
Our prompt report on the two MGV8s (above) included as lots
in the auction, shows they went for a little more than the average
price on the day: the MGBGTV8 for £16,748 and the RV8
for £15.264. Those reports illustrate the impact of buyer
and seller fees and VAT thereon - just look at the final price
the buyers paid and the net proceeds the sellers received. |
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