Collecting Cars are selling a lot of cars, there is still a strong demand for good cars with realistic sellers prepared to meet the market in Q3 2022. And buyers ready to bid to own. We don't see the "wobble" you talk about at all.NLW73 wrote: ↑Thu Oct 06, 2022 8:08 am I have been hearing & reading some interesting things about Collecting cars plus the business model
the arse has fallen out of the market and people are still expecting big dollars for ok condition cars and mileage.
they have been selling cars regardless of the reserve it would appear and telling the sellers to take it or face further issues thus breaking the contract/SLA. looking at old car values and auctions is irrelevant now and the model is starting to wobble a bit.
maybe why they are getting into watches but then they will suffer as a luxury item and folks start trimming back as the heating goes on, mortgage rates go up and money is not as cheap as it used to be across the board.
I am not sure its a mini crash tom more a reversion to actual value and worth. during lockdown and after cars were at a short supply and people had a fair chunk of change lying around and went out buying. very different economic position now and going into 23 & 24.
The move into watches was driven by inquiry, there is even a watch section on this platform, and some US platforms discuss wines and food and music as well. For the more erudite perhaps
And in the US the BAT platform is performing strongly too, mind you the economy there is more robust than that of the UK just now.
