Bonhams Auctions at the Beaulieu National Motor Museum
Bonhams Auctions have been holding motoring auctions at the National Motor Museum at Beaulieu now for several decades. The auctions are held annually and you can guarantee that there is always a massive range of motor cars and motor cycles and automobile to catch the eye of all collectors and lay persons.
If you are thinking of buying a classic car or motor cycle at Beaulieu then you will find that on times you will get what you want within your budget but please be careful and don’t get the auction fever. Know your limit and stick to it. Do your research an view before the auction so that you know exactly what you are looking at before the vehicle comes to the auction. Remember too that there are additional fees to pay such as buyers and sellers fees and of course VAT. So before you start any bidding make sure you are clear what the end price will be. If you get these things right you could find yourself a really good deal and save yourself some money.
Bonhams Auctions – Catalogues
Before the auction Bonhams Auctions will publish a catalogue of all the vehicles that will be on auction on the day. The inspections that Bonhams carry out on each lot are rigorous and you can be confident that what is written in the catalogue is genuine.
If you are looking at a particular car from the catalogue it may be a good idea to do some research before you go and find out what the current market car is for the car. It may be a good idea to see how the prices of the car has fluctuated over the years as this will give you and idea if it will hold it’s value for you.
Finally, you can read all the catalogues and do all the internet research but there is nothing quite like getting there and viewing the car for yourself. Indeed Bonhams do offer a viewing day where you can go along and check it out for yourself or take your own expert with you.
Coys Auctions on Social Media
If you are looking for that classic historic car then there is no better place to go to than the Coys Auctions. Collectors and enthusiastic world wide are forever using them to find the missing piece to their collection. However if a day trip to Blenheim Palace or the NEC Birmingham is out of the questions then don’t worry because Coys last month launched their first ever social media auction.
They sold an Aston Martin D85 through social media with the final bid for £825,000 which is a record breaking biggest ever purchase from an app. Coys had not done this before they normally rely on their housed auctions rooms and invite bidders to make their bids by telephone or on the internet if they are unable to attend on the day. However making this sale through a social media platform called Vero we are left wondering if this is the way for all future auctions taking the auction room to the international market.
The car sold was the old favourite of James Bond and was a 1964 silver grey model Aston Martin D85. Coys recognised that the car was in high demand with collectors and therefore wanted to make the auction open internationally. The car had been in storage for over 20 years and had been restored with much rebuilding including the engine being restored.
Coys Auctions use Apple Pay
Many of us use Apple Pay to make online purchases for anything from household products to books. However who would have thought of using Apple Pay to buy not only a car but a classic Aston Martin D85 would sound rather bizarre but that is exactly what Coys have done. Coys tapped into the Apple Pay portal to make the transaction and this has been recorded as the highest ever payment through the portal.
Coys Auctions prepared their market well as they announced the sale a month earlier at one of the biggest auctions in Paris putting the car on show at the event. Customers were aware of the social platform being used for the sale and also the payment methods. The buyer has remained anonymous but probably won’t be able to keep it secret for long when he or she starts driving it on the road as it really is an eye catcher.
How to buy at the Silverstone auctions
If you are looking to go and bid and even buy at the Silverstone auctions then you will need to make sure that you have followed all the guidelines. You will first need to register with the auction and you get a form to do this from their website. You will be able to bid on lots by being at the auction yourself or you can do online bidding or telephone bidding. The latter procedures do take a bit longer to set up though as you will need to prove who you are by a passport or drivers licence and even a utility bill with you current address on. At registration, Silverstone will take your credit or debit card number.
On the day of the auction when you arrive you will register and then be given a number on a card so that you can hold up when submitting a bid. However if you chose to do the telephone bidding then you can contact Silverstone tell them the lot you wish to bid on and one of their representatives will ring you when the lot comes up so that you can be involved in the bidding live. In like manner if you are using the online bidding you will access it through the web portal at silverstone.
Getting it right at Silverstone Auctions.
One thing I would definitely recommend is that you inspect the vehicle before you even consider bidding. This is imperative as when you make a bit there is no warranty on the lot and all bids are final.
It is a really good idea to show up the day before and have a view of the vehicle and even to bring an expert or mechanic with you so that you can get it thoroughly inspected.
If you are successful and you make your purchase then you will find that the vehicle will not be released until the payment has gone through and all the necessary paperwork is signed. You can use debit or credit cards to make a payment but remember there is always a charge for purchasing with a credit card so this isn’t the best option. Silverstone Auctions will only accept cash up to the value of £5000 so it best to make sure that you have all the necessary funds set up and ready before the auction. You are allowed 24 hours to get the payment sorted however if it is not complete by then you will be charged storage fees by the auctions.