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Category: CAR AUCTIONS UK

CAR AUCTIONS UK

Hundreds of animals are ‘sold to be slaughtered at auction’

1 min read

  • Footage reveals what is thought to be South Korea’s largest dog meat auction
  • 200 dogs seen crammed into small cages while being sold to the highest bidder 
  • Auction took place ahead of Bok Nal, at the height of summer, when the majority of the dog meat consumed in South Korea is eaten 
  • Campaigners are urging South Korea to ban the market and close it for good

Undercover footage has revealed the distressing conditions suffered by hundreds of dogs inside what is thought to be South Korea’s largest dog meat auction house. 

Investigators from US charity Lady Freethinker captured images from the Nakwon auction house, in the city of Namyangju, over the summer.

The footage was recorded ahead of Bok Nal, the hottest period of summer when most dog meat is traditionally eaten, when the auction house is at its busiest.  

Undercover animal activists found around 200 animals for sale, crammed

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CAR AUCTIONS UK

BCA reports rising used car values and volumes

1 min read

Date:

14 October 2020


  |  

Author: Sean Keywood





Used car values and volumes both rose during September, according to auction firm BCA.




It says the average sale value was £8,363, a 3.9% increase month-on-month, while online sold volumes were up by 31% to reach the highest point on record.




Conversion rates also remained high, typically exceeding 85%.




BCA says overall buyer demand for stock remained strong, with an increasing focus on stock that is ready to take away and retail immediately.

BCA COO for UK remarketing Stuart Pearson said: “The used car market saw buying activity and demand increase in September with BCA selling record volumes online for the fifth month running.  

“We also saw record numbers of customers purchasing online in September, with numbers of customers for both online auctions and fixed price purchase continuing to rise. 

“It is this strength in depth in the used

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CAR AUCTIONS UK

BCA used car values rise 6.9% as volumes rise in strong September

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BCA’s average used car sale value at auction remained above £8,000 for a fourth consecutive month after values rose by 6.9% during strong September trading.

The remarketing giant recorded average used car values of £8,363 last month, with online sold volumes rising 31% during September to reach record levels as conversion rates typically exceeded 85%.

BCA average used car sales values, 2020It was the fifth consecutive month that BCA had sold record numbers of vehicles online, with daily online weekday sales averaging over 6,000 units.  

BCA’s chief operating officer for UK Remarketing, Stuart Pearson, said: “The used car market saw buying activity and demand increase in September with BCA selling record volumes online for the fifth month running. 

Stuart Pearson COO BCA remarketing “We also saw record numbers of customers purchasing online in September, with numbers of customers for both online auctions and fixed price purchase continuing to rise.” 

Despite reports of supply shortages driving high used car values, Pearson claimed

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CAR AUCTIONS UK

Rare low-mileage Porsches up for auction

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Four incredibly rare low-mileage classic Porsches are all going under the hammer at the same auction next month.

Rarest of the quartet is a 1974 911 Carrera 2.7 Targa. Painted in an unusual and eye-catching magenta colour called Karminrot 909, only two were sold in this particular shade.

The Targa was restored in the 1990s and has won many awards. It’s expected this desirable open-top will fetch more than £100,000.

The Porsche 911 (993) Carrera RS

Another 911 in this sale is a Speed Yellow Carrera RS that’s covered only 34,267 miles from new in 1996.

Still with its original engine and the Clubsport Aero kit fitted by the factory, this racer for the road should sell for more than £300,000.

The 1988 Porsche 928 S4 Manual

Silverstone Auctions reckons the Porsche 928 S4 with rare manual gearbox and a mere 10,325 miles from

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CAR AUCTIONS UK

Making Auctions Work in Practice Is Worth a Nobel

1 min read

(Bloomberg Opinion) — Quite literally since the days of Adam Smith, economists have been great believers in the invisible hand that guides markets. But sometimes, we give the invisible hand a little help.

When coordination problems or other complexities stop the market from finding the right price on its own, we often bring people together and discover prices through auctions. That’s the specialty of Paul Milgrom and Robert B. Wilson, two Stanford economists — and it’s the reason they received the Nobel Memorial Prize in Economic Sciences on Monday.

Auctions are everywhere, of course. People use them to sell art, antiques and houses; to find the right price for fresh fish and used cars; and to raise money for nonprofits. Auctions also hide in the backdrop of daily life, controlling the advertisements we see on the internet — and maybe even the page you’re looking at right now.

In many

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CAR AUCTIONS UK

Doctor’s surgery in Cwmbran for sale at auction

1 min read

HAS the coronavirus pandemic left you unable to book an appointment with your GP? If so, there might be a solution.

A former doctor’s GP surgery in Thornhill, Cwmbran, is set to go under the hammer later this month.

Paul Fosh auctions have give the surgery, which is still in working order, a guide price of £135,000.

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Sean Roper, who is handling the sale for Paul Fosh Auctions, said: “We have never sold a former doctor’s surgery in this kind of excellent condition before.

“Other surgeries we have sold in the past have been put up for auction due to their age, in this case it was simply because of a dissolved partnership.”

South Wales Argus:

The former surgery in Cwmbran up for auction. Picture: Paul Fosh Auctions/DBPR.

The former surgery comprises an entrance lobby, reception/waiting area, four consultation rooms, baby changing room, a toilet and a disabled toilet, boiler room,

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CAR AUCTIONS UK

Three Teesside men accused plan to steal fuel from auction mart

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Three men from Teesside have been charged with going equipped to steal fuel from lorries at an auction mart.

They were stopped by North Yorkshire Police who had reported noticing an Audi A5 being driven close to lorries, in the car park of Thirsk Auction Mart, in August.

Officers conducting proactive patrols of lorry parks following an increase in thefts from HGVs in the area at the time.

Police say there was a strong smell of diesel inside the vehicle and officers located 11 empty 25-litre plastic drums packed into the boot – and another four balanced on the back seat.

The men were found to be carrying large plastic containers, screwdrivers, gloves and mole grips when they were stopped.

Three men, all aged in their 20s, have since been charged with going equipped for theft.

They will appear at York Magistrates’

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CAR AUCTIONS UK

Coast buyer loses $6.5k after online car scam

1 min read

A Sunshine Coast car buyer has lost $6500 after paying money to a fake account without seeing the vehicle first.

Sunshine Coast Criminal Investigation Branch officer-in-charge Daren Edwards said police were receiving complaints where victims were buying cars without seeing them first.

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Detective Senior Sergeant Edwards said buyers were going by online advertisements, interacting with a purported seller and paying money to the sellers’ accounts.

They are then realising, after the so-called seller stops all communication, they have been sicked into a scam.

Det Sen-Sgt Edwards said there had been two victims on the Sunshine Coast from car fraud.

He said in one case a Sunshine Coast buyer tried a car at auction through Auto Trader for $6500.

The victim had contacted the purported owner of the car online, only to be directed

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CAR AUCTIONS UK

Broadhurst Grove village green sold again at auction

1 min read

A PIECE of land in Lychpit has been sold at auction again, despite a council order that says it should be handed over to the authority.

As previously reported, residents in Broadhurst Grove and Saxon Way have been campaigning to save their ‘village green’ after it was put up for auction by the developers of the estate.

It was due to be handed over to Basingstoke and Deane Borough Council 40 years ago when the estate was finished, but never was.

During lockdown, residents were given a shock when at least 73 cars passed through to view the piece of land.

And despite BDBC issuing a section 52 agreement, which would see the owner of the land hand it over to them for just £1, The Gazette has been told that it was auctioned off again last month.

After bumping into the purchasers shortly after the auction on September 9,

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CAR AUCTIONS UK

Classic 1971 Ford Falcon with 32 axe dents fetches a record $400,000 at auction

1 min read

Classic 1971 Ford Falcon with 32 axe dents fetches a record $400,000 at auction – and it doesn’t even have an engine

  • A 1971 Ford Falcon missing an engine has fetched for a whopping $400,000
  • The collectible, based in Melbourne, was sold after an online auction last week
  • The car was idle in a farm shed for decades and had been attacked by an axe
  • The new owners will have to fork out an estimated $200,000 to make it driveable

By Tita Smith For Daily Mail Australia

Published: | Updated:

A beaten-up 1971 classic Ford Falcon with 32 axe dents and no engine has fetched a whopping $400,000.

The car was salvaged from a farm shed in Melbourne and listed for auction on Grays online last week, with bidding rapidly reaching $350,000.    

Despite attracting vast interest, it failed to hit

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