Bidders Choice is excited to invite all car enthusiasts to an upcoming classic car auction on 2 September in Springs.
Car collectors and enthusiasts can enjoy the high-quality assortment of vehicles that will be on auction, and connect with fellow collectors and Bidders Choice’s top-notch staff at the auction.
Car collectors interested in selling their vehicles are welcome to contact Andre Wait on 083 459 2977 to enter their vehicles to sell at this prestigious event.
In lieu of the event, classic car collectors and enthusiasts are wise to remind themselves of what an auction entails.
What is a classic car auction?
A classic car auction is the ideal platform for car collectors to obtain that evading dream car to add to their collections.
Classic car auctions are lavish, branded, and sponsored lifestyle events for all car enthusiasts to attend.
Why buy a collector’s car on auction?
Auctions are, by their very nature, pure capitalism at work, with the laws of supply and demand never more evident than in an auction room. If the demand for a particular car is high, the price will likely also be high. At the same time, if a car is not in high demand, chances are that a bidder can claim a collector’s item at a bargain price.
A car auction is simply where all roads meet in the collector car business. Savvy buyers should work with the auction house to get the information they need in order to make informed bids.
What does “as-is” or “voetstoots” mean? What if there is a problem with the car, or if it turns out to be different after purchase than what the auction house represented before purchase?
Interested buyers must do their homework thoroughly before the auction by visiting the website for a wide selection of images and descriptions of all the lots. Interested buyers should also attend beforehand to view the vehicles in person, where possible, and talk to the auctioneer before and on the day to obtain all information necessary to make an informed bid.
All sales “as-is” or “voetstoots” refer to the fact that the bidder is responsible for inspections and verification of condition, authenticity, and completeness of any vehicle purchased.
Pieter Geldenhuys, Managing Director of Bidders Choice, reminds the interested buyer that “cars are never represented by the auction house. All actions, any statements or representations are strictly and solely those made by the seller.”
“Once you win the bid, you own the car,” he adds.
What if the reserve is not met, but I still want the car?
In auction jargon, the reserve is the minimum price required in order for a specific lot to sell. This figure is kept confidential and is set by the seller in advance of the sale. If the reserve is not reached on the podium, the auctioneer will sell the lot subject to confirmation.
However, all is not lost for interested bidders. At many auctions, they are invited to speak to an auction house representative for continued negotiations, and a possible post-sale deal.
Keep a look-out for more information about this exciting upcoming auction and the cars that will be on sale. You can also contact Andre Wait on 083 459 2977 or visit www.bidderschoice.co.za.