Auction Free For All

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kafkaian
Posts: 221
Joined: 01 Sep 2003, 16:05

Auction Free For All

Post by kafkaian » 18 Oct 2003, 15:49

A reliable friend of mine reckons he saw a 1999 2.0 litre petrol Xantia at an auction in Birmingham yesterday for.........GBP500.
Now this is just ridiculous. Had FSH and one owner, started perfectly, ran without any smoke, had no noticable accident damage and therefore (looking really closely) wasn't a cut 'n' shut.
To me this is an insult to the car's design and ability, whilst I can't get over how people just run scared of these cars. But I'm also pleased - as I have others have repeatedly suggested on this forum. It can only be GOOD for Cit fans.
Can't wait until the C5 gets thrown into resale oblivion.

Homer
Posts: 1449
Joined: 26 Feb 2003, 11:52

Post by Homer » 23 Oct 2003, 02:17

Did it actually sell though?
It's not uncommon for the auctioneer to make up fictitious bidders. Get's the bargain hunters excited so they forget their limit and overbid on another car.
I have seen cars go through as 'sold' only to reappear on the next day at the same auction. I even followed one Xantia around the auctions of West Yorkshire, each time being 'sold' for a lower price, until the seller eventually gave up an took the price I was willing to offer.
Then again, the floor has well and truly dropped out of the used car market.