How does it work for buyers?
Register, bid and win.
You can register on our website by creating a personal account. Using this account, you can create your own Watchlist and pose questions concerning a Collectable on that car’s forum. For bidding, we require further verification using iDIN or a credit card. This ensures the identity of the bidders and thus validity of the bid. You can find more information about that here.
You can place a bid on your preferred Collectable(s). When doing so, the buyer’s commission is instantly calculated, so that you are aware of the full commitment (for the car plus the commission) at all times.
Unless otherwise advised as ‘no reserve’ all Collectables listed on the platform have a minimum sales price (the ‘reserve’) as agreed with the seller. This price will never be communicated with anyone. In the event that the highest bid is lower than the reserve price, the Collectable will not be awarded / sold to the highest bidder.
Be aware that as soon as a bid is placed, this is legally binding. This means that if you placed the highest bid and the Collectable is awarded, you are obliged to complete the transaction by purchasing the car and paying the commission.
Are you the highest bidder but the reserve was not met? In that case, we will mediate between the highest bidder(s) and the seller in order to try to broker a deal following the completion of the auction. In this event the buyer’s commission is still payable.
In case you don’t have time to follow the bidding process and bid manually, we offer you the possibility to setup a proxy bid via your account. This will ensure that as soon as another bid is being placed, you will automatically (by proxy) place a new bid (taking into account the minimum bid increment) until your maximum bid has been reached. For more information, click here.
Automatic time extension
The closing time of an auction will get automatically extended if a new bid is placed within 2 minutes of the auction finishing. This ensures that fellow bidders have a chance to place their counter bid and thus avoid the so-called ‘snipers’.
Viewings and inspections
The selection of the Collectables is primarily based on our personal preferences and taste. Of course we check as much (public and possibly private) information of the car and its history. We do NOT technically assess the Collectables, but welcome serious bidders to do so themselves if they so desire. In that case, reach out to us and we will arrange an appointment. Please do note that all the sellers have explicitly agreed that their cars can be subjected to any reasonable kind of technical test, assessment, valuation or otherwise.
Alternatively, we can schedule a video-appointment, so that the Collectable can be shown in great detail remotely.
The commission related to the auction is payable by the buyer and amounts to 6% of the winning bid with a minimum of 300 EUR and a maximum of 6,000 EUR. The commission includes 21% VAT (as is applicable in the Netherlands). Our commission is significantly lower than traditional auction houses. The commission is also less then what car traders are charging as margin.
The commission is solely for usage of the platform and is explicitly not a down-payment to the buyer and or a partial payment of additional expenses such as transport, insurance or other relevant aspects that might have to be arranged following the purchase and transfer of ownership.
Commission calculation example
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