Imaginative Timed Auction idea from CCA

CCA have been thinking creatively and rapidly of how they can continue their classic car auctions following the lock-down conditions announced by the UK Government on Monday.



Video tour round each car
To simulate the inspection prospective bidders might have made at a physical auction, CCA provide a video tour round each car. See the video

The tour of the MGBGTV8 shows the bodywork and Dunlop composite wheels appear to be in good condition but the nearside wing and tailgate badging are misplaced and with badging duplicated on the offside wing. The offside door fit needs adjustment, a non standard wooden steering wheel is fitted, the car retains the original cloth seating and interior trim and in the engine bay there is a large non standard circular air filter and presumably a carburettor upgrade too.

Posted: 200326
Updated: 200327



Dates for the series of Timed Auctions
Fifteen Timed Auctions each with ten lots. The first will be on Saturday 28th March and then on a daily basis with the last on Sunday 12th April 2020, all at 8am. The lots include popular classics like Datsun 250s, Jaguars and Astons Martins with a selection of hot hatches too.

An MGBGTV8 is Lot 171 on Friday 3rd April 2020
The details posted on the CCA website are reproduced below.

Buyers commission
There was a slight puzzle over the amount of buyer's commission payable on the hammer price. The announcement mentions CCA have reduced the buyer's premium to 9.6% including VAT whereas each listing shows a buyer's premium of 13.2% including VAT. This will probably be clarified later - it's possible the decision to offer the reduced commission of 9.6% for their new Timed Auction was made by CCA after the listings had been prepared and uploaded to the their website.

Update
It's now clarified - the special reduced buyer's commission for the Times Auction is 9.6% including VAT.
Imaginative "Timed Auction" idea from CCA
Faced with the Covid-19 lock-down conditions in force in the UK, the classic car auctioneer CCA has come up with a creative way of continuing to have classic car auctions. In an announcement circulated by email earlier today CCA says:
"We have previously communicated updates with regards to our March sale and following the Prime Minister's announcement at the start of this week, we have made a further change.
To ensure we prioritise the health and safety of everyone, our March sale will now be a timed online auction.

This step will allow us comply with the government advice, whilst continuing to do what we do best; bring superb, Everyman Classics to market".


How will CCA's "Timed Auction" work?
CCA say "from this Saturday 28th March, our daily timed auction will commence and we will offer ten cars per day for 16 days, for a 12-hour window of 8am - 8pm. The daily timed auction will take place on the website of our online bidding partner, Proxibid. This means that you will need to register in advance directly with them in order to bid. You can choose to bid live during the 12-hour window, or in advance online via a commission bid.

Each lot list has ten cars for each of the separate days
Please refer to the lot list on our website to view which cars will be auctioned on which day. We will be communicating daily on the forthcoming ten cars.

To thank you for your continued support during this challenging and changing climate, we have reduced the buyers premium to 9.6% (including VAT) for this sale. Furthermore, there will not be any additional online bidding fee for this sale.
If you have previously registered for a telephone or commission bid in this sale, you will be contacted by the CCA team and invited to bid online via Proxibid".

See the full announcement in the CCA email

1974 MGBGTV8 coming with an extensive history file, this lot's condition scores an impressive 96 / 135. Classic Car Auctions says: "unbelievably, with 112,000 miles, owned and cherished by one owner for 46 years, with the original bill of sale from Wadham Stringer of Waterloo (01/05/1974), finished in a classic 70s Harvest Gold with a black cloth interior, and a complete nut and bolt restoration documented from start to finish. Our meticulous one and only owner has amassed two folders brimming with invoices and receipts. Recent expenditure of around £20,000 means this V8 has a whole new life on offer its new owner".

The VIN is shown as GD2D1 1239G which indicates it was built as a chrome bumper MGBGTV8.