Re: £40,000 for a Ford escort
Originally Posted by
Percy Vere
->
The final hammer price was £47k. The rest was made up of auction house fees for the buyer and VAT. The vendor wouldn't receive the £47k though because the auction house would take it's cut from that (probably around 10-15%)
At least someone is alert enough to notice the final details of the sale, thanks for pointing that out!
I understood it was the
sold price posted by the OP that was the subject of this thread, seeing the headline indicated the
sold price I posted the link reporting
the price the car sold for:.
"Princess Diana: Ford Escort gift reaches more than £52k at Essex auction"
The text then went on to state the sold price:
"A car given to Princess Diana as an engagement present has been sold at auction for more than £52,000."
One paragraph went into details of the "hammer price":
"The car, listed at Reeman Dansie's Royalty, Antiques and Fine Art Sale in Essex, was sold to a phone bidder at a hammer price of £47,000, exceeding its pre-auction estimate of £30k-£40k."
The last line of the news item also mentioned the price paid:
"With fees, the total price paid for the vehicle was £52,640."
Although I didn't get the actual nett sold price (exc. fees and VAT) correct, the car sold for £7,000 more than expected and that was £17,000 more than the reserve price. All in all not bad for what is a 1981 'W' reg. car though, putting aside the obvious provenance that is.