[KaosTheory]

Anyone ever gone to a bike auction? There's one on Sat the 9th of April in Naas and am thinking of going up for a nosey, was watching a car auction last night and some nice cars going for nothing, wondering is it the same with bikes?

Old thread here Wonder if its improved since, I know with the recession biting hard a lot of toys could have been repossessed?

Kaos

[KildareMan]

Never been. Always a good idea to go with your hands firmly in your pockets once just to get a flavour of the day. Don't bid.

[wesifumi]

what are you thinking of killing..i mean buying

[bosley]

was at car auction in either merlin or the other place about 2 years ago, had to pay deposit so could bid, fair enough; got the van i wanted at the price i wanted and gave me number. went up to desk to square up and get out as me brother had to get home - well when your woman said they will have to ask the owner if he is willing to take the price (below reserve - which there was no indicator of) and it could take a day; i flipped as she said i couldnt walk on it - get me money back in the morning sihtte. i thought about it and said will come back in morning and resolve it then - in am your man says no - wanted twice its worth!so i had to go to dubland to pick up me money - never again.

hysterical thing is 15 years ago i used to run our companies (finance and leasing) sale of surrendered and repossessed equipment! i totally forgot that we sold about 5% of the stuff on the day and the rest was by negotiation with the auctioneer in following weeks. we would set a reserve price - usually very optimistic and wouldnt ever tell potential buyers what it was - it was all a game. but when you have used up your deposit money and dont have anymore for something else its a real gamble - what do you do? do several bids and risk getting left with 2 machines - the one you really wanted and the one you really really wanted - you could re-enter the one you dont want i suppose.

so find out how it works is my advice and remember you dont own it til the key is in your hand, good luck

[KaosTheory]

KildareMan, on 31 March 2011 - 12:07 PM, said:

Never been. Always a good idea to go with your hands firmly in your pockets once just to get a flavour of the day. Don't bid.

You need to pay a €500 refundable deposit to be able to bid.

wesifume, on 31 March 2011 - 12:28 PM, said:

what are you thinking of killing..i mean buying

Dunno, was gonna go along and see if anything decent was there or were they all just heaps of crap.

bosley, on 31 March 2011 - 01:33 PM, said:

well when your woman said they will have to ask the owner if he is willing to take the price (below reserve - which there was no indicator of) and it could take a day; i flipped as she said i couldnt walk on it - get me money back in the morning sihtte. i thought about it and said will come back in morning and resolve it then - in am your man says no - wanted twice its worth!so i had to go to dubland to pick up me money - never again.

Its called Provisionally Sold and the auctioneer should have said it soon as you won the bid, nowadays they get the owner on the phone after the bidding and in a few minutes you know if they'll take your offer or not.

Kaos

[bosley]

KaosTheory, on 31 March 2011 - 01:42 PM, said:

You need to pay a €500 refundable deposit to be able to bid.

as a matter of curiousity is that per bid?


Its called Provisionally Sold and the auctioneer should have said it soon as you won the bid, nowadays they get the owner on the phone after the bidding and in a few minutes you know if they'll take your offer or not.

thats what your woman said to me, but that night she couldnt contact the owner - so my money was tied up and if he had refused it there and then i could have gone back in and bid on somethingelse - utter waste of my time as i didnt have the cash just credit card etc. i have got some great stuff in auctions tho - well worth it if researched and you keep to your budget - best of luck
Kaos

[KaosTheory]

No, you can bid on as many as you like once you've paid your deposit. Lads at the car one the other night buying multiple cars on the one bidding number.

Kaos

[EatinGTarmaC]

KaosTheory, on 31 March 2011 - 02:26 PM, said:

No, you can bid on as many as you like once you've paid your deposit. Lads at the car one the other night buying multiple cars on the one bidding number.

Kaos

I think he means that his "buying" money was tied to the seller, not the deposit, so he couldn't risk bidding anymore.

[petecourtney]

KaosTheory, on 31 March 2011 - 01:42 PM, said:

...nowadays they get the owner on the phone after the bidding and in a few minutes you know if they'll take your offer or not.

I'd say you'd be doing well to get anyone on the phone on a Saturday

I was at a (non-vehicle) auction before and there were all sorts of "hidden" charges, or at least hidden to the novice. The 'hammer price' didn't include the auctioneers fee. Are these auctions the same?

[bosley]

petecourtney, on 31 March 2011 - 05:52 PM, said:

I was at a (non-vehicle) auction before and there were all sorts of "hidden" charges, or at least hidden to the novice. The 'hammer price' didn't include the auctioneers fee. Are these auctions the same?

it isnt that complicated, auctioneers fees always added on after. what is very handy is putting in a bid if you cannot make it on the day - you put in your deposit and fingers crossed - used to do this a bit in o'reilly auctions in lord edward st. they are usually helpful if you explain your a virgin

[kairos]

Been there once trying to sell my bike and I was happy to leave after a half a day. It's probably good for 4 wheels but in my opinion doesn't really works for bikes. Good luck anyway