[v12]

Came across this ad in today's Times of India.

Vintage and Classic Car Online Auction
Nov 20-21
www.astaguru.com

The as shows a 1947 Rolls Royce Silver Wraith

http://astaguru.com/auction-calender.aspx#

[KartikeyaL]

Originally Posted by v12

Came across this ad in today's Times of India.

Vintage and Classic Car Online Auction
Nov 20-21

Here are the cars up for the auction

[octane1002]

The Auction starting bids are ambitious to say the least.

With Auction culture kicking in, I'm afraid we'll see a further soaring of an over-heated market. Nice cars though.

[awini]

Originally Posted by octane1002

The Auction starting bids are ambitious to say the least.

With Auction culture kicking in, I'm afraid we'll see a further soaring of an over-heated market. Nice cars though.

on the other hand, fresh imports will begin to look more lucrative, an early 40s Cadillac will cost less to import and restore than the opening bid on the Chrysler in the auction, which you will probably have to work on after you buy it!

[Bulldogji]

Originally Posted by awini

on the other hand, fresh imports will begin to look more lucrative, an early 40s Cadillac will cost less to import and restore than the opening bid on the Chrysler in the auction, which you will probably have to work on after you buy it!

With due respect, perhaps you are unaware of what restorers today charge for a decent job.

The owner of a recent import Cadillac being restored in Bombay has been quoted 35lakhs for just cosmetic work like body paint seats and chrome.

Mechanical work being additional, probably another 15 lakhs at least.

If you add this to the actual cost of import, and I mean actual, not the value shown for custom duty purposes, which in many, ( not all )cases is suppressed, you may find the cost way above what you thought.

[awini]

Originally Posted by Bulldogji

With due respect, perhaps you are unaware of what restorers today charge for a decent job.

The owner of a recent import Cadillac being restored in Bombay has been quoted 35lakhs for just cosmetic work like body paint seats and chrome.

Mechanical work being additional, probably another 15 lakhs at least.

If you add this to the actual cost of import, and I mean actual, not the value shown for custom duty purposes, which in many, ( not all )cases is suppressed, you may find the cost way above what you thought.

im sure those are exceptional quotes, for specific cars and clients .

https://classiccars.com/listings/vie...ton-ohio-45439

heres a complete running car for $14000, should cost about 35-38 lakhs after duties and taxes. project cars cost far less. point is, even if you buy the Chrysler at 35lakhs or so as the auctioneers expect, you will still have to restore it, might as well spend that money on a Cadillac instead, since its not exactly a desirable body on the Chrysler. of the cars in the auction, only the Studebaker interests me, for its originality.

[Aditya]

Vintage and Classic Car Online Auction : Nov 20-21 - Posts moved to a new thread.

[Rehaan]

Originally Posted by KartikeyaL

Here are the cars up for the auction

Attaching the same in PDF form in case it helps anyone...

[Bulldogji]

Another auction is fixed for february2019 in New Delhi by Osiana
I expect Gautam Sen to be the driving force of this venture.

[KartikeyaL]

Most cars have attracted some crazy bids at this auction, looks like people who have bid are not from the fraternity, dont know if this is good or bad for the hobby.

The first picture shows the final bids received at the auction



The one below shows the prices including the margin.

[Bulldogji]

Actually I feel the current cartel which decides prices and who should get what , at least in Bombay, Will now be broken.
These may be prices on the higher side, let market forces decide!


There are those in the so called fraternity who seem to think it their birthright to decide who gets what and at what prices.

Now perhaps things will begin to change, transparency may well bring in new enthusiasts .

Let's wait and see.

Also remember, one swallow does not a summer bring

[manishk123]

Excellent response to the auction. Doesn't really matter if the buyers are first timers or collectors. Such events will make the Indian classic car scene more mature and transparent. Eventually market forces will decide whether the prices are realistic or not. Once a few more auctions happen the picture will be clearer.

[awini]

Originally Posted by KartikeyaL

Most cars have attracted some crazy bids at this auction, looks like people who have bid are not from the fraternity, dont know if this is good or bad for the hobby.

The first picture shows the final bids received at the auction

Attachment 1821035

The one below shows the prices including the margin.

Attachment 1821034

everyone is a first time buyer sometime, including big name collectors worldwide, I don't mind the lesser cars fetching a high price, it then justifies making the effort to restore them, as for the Silver Wraith at nearly 2 crores, there are plenty of better options one can import at that price point. and legally too... time to hoard up and mothball cheap early Maruti Zens, Gypsys and Honda City Vtechs...

[Bulldogji]

Originally Posted by awini

I don't mind the lesser cars fetching a high price

Surely it matters not to any buyer what you , I , or any one other than the buyer himself minds ..

Originally Posted by awini

As for the Silver Wraith at nearly 2 crores, there are plenty of better options one can import at that price point. and legally too)

There are always options! The buyer , especially one who spends this amount of money , would have done his research and decided that the price works for him. Who are we to question?

You are quite right when you say that for two crores there are better options, but those options which may look better to you , may not to someone else.

Suffice to say the market will decide, irrespective of what you or I may feel is the correct price.

With prices becoming more public, even sellors who have inherited old cars and do not really know their worth will benefit, unscrupulous individuals will find it difficult to fool elderly and less informed folks into parting with cars at throwaway prices just because someone sweet talks them

[awini]

Originally Posted by Bulldogji

There are always options!
The buyer , especially one who spends this amount of money , would have done his research and decided that the price works for him. Who are we to question?

You are quite right when you say that for two crores there are better options, but those options which may look better to you , may not to someone else.

Suffice to say the market will decide, irrespective of what you or I may feel is the correct price.


With prices becoming more public, even sellors who have inherited old cars and do not really know their worth will benefit, unscrupulous individuals will find it difficult to fool elderly and less informed folks into parting with cars at throwaway prices just because someone sweet talks them

Fair enough. It is a Rolls Royce at the end of the day, and that's all that counts for many. And were it fitted with a different body, even I would have considered it a bargain at that price.