21999 forum posts
Well at least you don't need a big workshop for this one.
Plenty of other interesting models and tooling going under the hammer, worth a look through the lots.
|3477 forum posts|
Note the commission rate 30%!!
|Neil Wyatt||14/03/2020 20:22:52|
18894 forum posts
That one has been in Model Engineer on several occasions. I think it won the DoE.
|Jeff Dayman||14/03/2020 20:36:19|
|2200 forum posts|
Anyone know how Mr Jordan is these days? Hope he is still around.
Re the 30% commission - just think of all the hard heavy work the auction house would have had to put into the photos and description, and arranging a sale room venue.......er....... maybe NOT so much effort! Hose the client until they can bear no more! Mind you anyone who can pony up 15,000 UK pounds for such a model might not need the 30% for weiners and beans next week.
If you think this sort of sale price / commission is out of whack, have a look at vintage motorcycles - the Vincent and Brough ones are going for over 100,000 UK pounds these days. Absurd, and only for the very very rich.
1593 forum posts
It looks like many/most of his model machines are in the auction, but mainly with reserves of £2-3000.
Whilst the Bridgeport is more complex, I wonder if there is a typo, of the auctioneers already have had contact with some interested parties.
|Alan Waddington 2||14/03/2020 22:08:21|
|523 forum posts|
Would want at least half a dozen full size ones for that money
|429 forum posts|
It is not only the buyer who pays commission, 15% of the hammer price for the vendor is normal. Niko.
|Ron Laden||15/03/2020 07:45:30|
2255 forum posts
There are certainly some nice models listed, locos, traction and quite a few stationary. I realise the prices are guide only but surprised how low some of the stationary models are when you consider what goes into some of them. I guess it must be down to how much or how little demand there is for them.
|619 forum posts|
if it's the same aucioneers I was gonna use it's not the end of the price fixing....and there are others.......
(buyer beware, not the items it's the machine auctioneers)......
and they charge for everything.....
what I was looking at ended up with fees almost double......
and u can only move the items on their timescale......
forget em......better wait and buy privately.....
the more people buy from these clowns the more they can get away with......
I'd like a new Merc and a Learjet for me hols........but then some of us have to ACTUALLY work for a living.......
|terry callaghan||15/03/2020 11:32:44|
|237 forum posts|
This auction house is Japanese owned. The fees have been going up to mad levels. But 30% on top the hammer price and taking 15% from the buyer plus 1.5% insurance, then cost per picture. They are on a real winner. The only losers are the sellers. But what I find odd is that buyers are happy to buy from auctions, yet moan at the prices asked by sellers, selling their own items. I know a fellow club member who tried to sell is locomotive on a number of sites, with little interest bar from dealers trying to beg it. He placed it in auction, it sold for a much higher price then he was asking. The buyer had to pay a lot more, and the seller got less after all the fees. All very odd really.
|Cornish Jack||15/03/2020 11:48:30|
|1219 forum posts|
From memory, the Bridgeport was the second of his exquisite creations, the first being the !/5th(?) scale Merlin. That model I first saw as a large aluminium billet at the ME show and finally saw (and heard) it running at the similar some years later. I remember he had a display board of rejected parts including the valve collets, each about little fingernail size - 96 required! For me the most striking aspect was the working constant speed prop - truly a work of art!
|Nigel Bennett||15/03/2020 13:40:56|
435 forum posts
I think it was Barry Hares who made the Merlin. He also made a RR Eagle (sleeve valve, 24 cylinder) to a similar standard. The only other working Merlin I know of was by Anthony Walshaw, the son of Tom (Tubal Cain).
|Nigel McBurney 1||15/03/2020 16:48:38|
962 forum posts
Another thing to watch out for is VAT, on private sales at an auction vat is only due on the auctioneers commission,at auctions of a commercial nature,say for instance a factory sale,where all the machine tools and other items where vat claimed in the past,vat at 20% is due on both the bid price and the commission price,can be expensive. cash private sale can still be the best deal.Read the small print in the catalogue before bidding. a buyers premium of 25 to 30 % is pure greed by the auctioneers.
|Nigel McBurney 1||15/03/2020 16:58:32|
962 forum posts
just looked at a Stuart No 1 in the sale catague top estimate £500 ,set of raw castings plus material from stuarts is £600 what do you make of that.
|Neil Wyatt||15/03/2020 17:26:53|
18894 forum posts
Not unusual for stationary engines to sell for less than the cost of the castings. Collectors like IC engines and locos.
|Cornish Jack||15/03/2020 17:31:57|
|1219 forum posts|
Nigel B - Many thanks! Quite correct, of course! 'Senior moments' are becoming routine - unfortunately!
174 forum posts
I can think of much worse ways to spend £15,000. I am sure the model will give the new owner plenty of pleasure and satisfaction.
|Nick Clarke 3||16/03/2020 11:24:32|
1322 forum posts
What fascinated me is that the lathe is almost exactly the same size as my Sieg SC3 - I found that hard to determine just from the picture.
5505 forum posts
But not this one **LINK**
at 2400 Pounds on eBay.
Fabulous old antique model engine though. Took me a second look to figure how the valve gear is actuated. No eccentric! Very different indeed.
But 2400 quid?
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