Link to auction site
[url= http://www.sweeney-kincaid.com/Sales/SaleDescription.aspx?SaleId=2225 ]http://www.sweeney-kincaid.com/Sales/SaleDescription.aspx?SaleId=2225[/url]
That seems to be Macdonald Cycles just off Lothian Road - didn't they help get Danny MacAskill get started?
Of course, a huge Evans Cycles opened up just along the road from them a year or so back... 👿
Oh dear
Yep - it's Macdonalds. Looks like the vultures have already had their pickings 🙂
Macdonalds have been halfway down the tubes for years- badly run, badly stocked- so don't get too excited about Evans. Think this auction represents the highest chance of me buying anything of theirs for years
I work just round the corner and Macdonalds was crap way before Evans came along. I think Evans were positioning themselves relative to the bike co-op rather than any thing else.
Oh yeah, you had to prize the lads away from watching youtube videos to buy anything!
Hmm if I got a 5-bike floor rack, that would be some sort of justification to get 3 more bikes...
How does it work btw? If I bid up to the reserve, do I win it now, or in 5 days etc time?
It's an auction - they'll be looking to get a lot more than the reserve!
How does it work btw? If I bid up to the reserve, do I win it now, or in 5 days etc time?
Reserve means they will sell it for no less than that amount, the auction will still run as it's ermmm an auction.
😆 Okay I may have walked into that one! I got confused by the 'ten minute rule' stuff at the top. 😳
Anyone bidding needs to bear in mind that there is 20% VAT and 15% auctioneers fees to add to winning bid.
How does it work btw? If I bid up to the reserve, do I win it now, or in 5 days etc time?
With sweeney kincaid you need to get registered with them ahead of time. I'd recommend you go and view stuff, their photos and descriptions are fairly brief, its not a given than everything is working or complete or the that the details they give are correct, it identifies the lot, nothing more. But a bid is binding and theres no comeback once you win- sold is sold and buyer beware.
Theres a viewing day, usually the day before the auction. Useful for checking out some of the job lots- it might be worth bidding on a whole shelf of stuff if you've spotted something you want amongst it
Theres a closing time for bids (usually noon) and you bid 'live' so to speak, like an ebay auction anytime up to that deadline. The '10 minute rule' is the big difference, anyone who bids in the closing minutes of the auction extends the deadline for that item by another few minutes, if someone bids again, the deadline extends again. So like a live auction the bidding for that item ends only when nobody in the room is is prepared to bid any further, not because the clock has run out. Something hotly contested could run for hours after the 12 noon deadline. Its only items where people have bid as high as they'll go already that close at noon on the dot.
So your strategy needs to be different to ebay - that least second snipe actual opens the auction again for everyone else and gives them another 10 mins to bid. However the bid incrtements also tend to be quite high, so low value items don't run and run.
Don't get giddy - factor for added vat and auction fees (and from now on stop moaning about how much eBay charges 🙂 )
Theres usually only one day you can collect anything, so make sure you know what day that is and that you can get there then - you'll get an invoice when the auction closes and you need to pay that (over the counter at the bank) before you go to collect.
and at 237 it all goes a bit tits up as the photos are are of the items described in the previous lot.
just a tad poor me thinks
Its early days - the auction listings go up while they're still cataloguing it - stuff will get corrected and more items will doubtless appear yet too - if you've spotted obvious errors just tell them -but all the more reason to view in person
With sweeney kincaid you need to get registered with them ahead of time. I'd recommend you go and view stuff, their photos and descriptions are fairly brief, its not a given than everything is working or complete or the that the details they give are correct, it identifies the lot, nothing more. But a bid is binding and theres no comeback once you win- sold is sold and buyer beware.Theres a viewing day, usually the day before the auction. Useful for checking out some of the job lots- it might be worth bidding on a whole shelf of stuff if you've spotted something you want amongst it
Theres a closing time for bids (usually noon) and you bid 'live' so to speak, like an ebay auction anytime up to that deadline. The '10 minute rule' is the big difference, anyone who bids in the closing minutes of the auction extends the deadline for that item by another few minutes, if someone bids again, the deadline extends again. So like a live auction the bidding for that item ends only when nobody in the room is is prepared to bid any further, not because the clock has run out. Something hotly contested could run for hours after the 12 noon deadline. Its only items where people have bid as high as they'll go already that close at noon on the dot.
So your strategy needs to be different to ebay - that least second snipe actual opens the auction again for everyone else and gives them another 10 mins to bid. However the bid incrtements also tend to be quite high, so low value items don't run and run.
Don't get giddy - factor for added vat and auction fees (and from now on stop moaning about how much eBay charges )
Theres usually only one day you can collect anything, so make sure you know what day that is and that you can get there then - you'll get an invoice when the auction closes and you need to pay that (over the counter at the bank) before you go to collect.
Having been to a few auctions over the years I'm curious as to your obvious non-widespread knowledge on this one. In a genuinely nice way.
Yeah, I think I spotted a Giro helmet from decades ago listed as a Met.
That seems to be Macdonald Cycles just off Lothian Road - didn't they help get Danny MacAskill get started?
Get started in bicycle shops? Bothy Bikes was his first bike shop.
Auction fees - it is the Auctioneers fee (buyers premium), plus VAT only on the fee.
e.g. buy an item for £100. add on the buyers premium (the auctioneers fee), which will be £15, then there will be VAT on the £15, so an £100 item will end up at £118.
No it is not an ebay type of auction.
Couldashoulda has hit the nail on the head.
Having been to a few auctions over the years I'm curious as to your obvious non-widespread knowledge on this one. In a genuinely nice way.
They're my local auctioneers - so I've bought a few things from them over the years - in fact I've pretty much furnished my workshop with stuff from their auctions
Maccruiskeen - great, dead useful info!
Martinxyz - you are probably right! I just remember years back when he was being filmed jumping on and off the roof of Macdonald Cycles... I was walking past at the time so I guess I'm FAMOUS! 😉
Ho, a quick google says he was working there at the time
http://www.edinburghnews.scotsman.com/news/danny-macaskill-bike-shop-macdonald-cycles-closes-1-3228404
e.g. buy an item for £100. add on the buyers premium (the auctioneers fee), which will be £15, then there will be VAT on the £15, so an £100 item will end up at £118.
Not so - vat on the whole unless any of the items are non-vatable. Looking back at my last invoice from them
Item bought was £40, buyer premium 10% (£4), then vat on £44 (£8.80) bringing the total to £52.80
I see the buyers premium on this one is 15% so a bid at £100 will cost the buyer £138, not £118