Trade Classics Auction Rooms

 

The #1 place to sell your classic car – see the competition – we’re the best service and value.

 

AUCTION PREP

FREE to Sell – sellers submit their classic vehicles for our consideration via the online form.

Transparency – we work with sellers to write an accurate and transparent listing – see example.

Vehicle Inspection – we visit higher value vehicles and take comprehensive pictures and videos.

 

 

AUCTION LIVE

Auto Extending – auction is live for 7 days and only finishes when all bids have been made.

Targeted Marketing – we market the sale across the internet and our network.

Community Discussion – seller, buyers and enthusiasts are active on the discussion thread.

 

 

AUCTION CLOSE

Clear Pricing – 3% buyer’s fee is charged at the end of the auction; see competitors.

Vehicle Payment – the buyer arranges payment of the final bid value to the seller.

Vehicle Collection – collection is arranged by mutual agreement between the buyer and seller.

 

 

OUR PEDIGREE

Trade Classics launched in 2011 as a free classic car classified site, together with regular article publications by freelance petrolheaded writers.  Fast forward five years and the founders spotted a gap in the market to provide a new auction service dedicated to the classic car industry.

We love classic vehicles and our goal is to ensure they realise their full potential in our secure auction rooms and go to new loving custodians.

Why not contact us to discuss the sale of your classic vehicle, or complete the submission form if you want us to consider consigning it to our auction.

 

PREMIUM SERVICE

Safe and Secure Website

Our top priority is the safety and security of our community and we’ve built all of our website and business processes around this commitment.

How many times have you seen on other online auctions sites ‘relisted due to time waster’?  We’ve addressed that issue head on and ensure buyers are validated before they are allowed to bid.   Also we authorise the buyer’s premium automatically on bidding and capture the charge at the end of the auction to their credit card – this ensures commitment to the sale.

Rigorous Seller Checks

We’ve all bought cars and some of us have bought at an auction.  So what’s our biggest worry?  Of course it has to be the authenticity and honesty of the sale.  That’s why we work directly with sellers to ensure the listings are totally transparent and reflects the honesty of the vehicle.

We build a relationship with the seller that is reflected in the description of the car.  This builds up a picture of the vehicle’s history and how well it’s been cared for; ultimately giving prospective buyers confidence before placing their bids.

Vehicle Inspection

We are the only online auction house in the UK to personally visit higher value vehicles that we auction.  You can see if we have visited the vehicle in the ‘VEHICLE DETAILS’ section on the auction listing under the entry ‘Vehicle Visited?’.

We spend at least 2 hours reviewing the vehicle, together with taking comprehensive pictures and videos for use within the listing.  We use this visit to write our own concluding summary in the auction listing.  Of course we recommend you visit the vehicle in person, or commission an independent agent to provide you with a full and detailed report.

Targeted Marketing

We’ve been operating a classified service since 2011 and achieve significant web traffic from the content we publish.  These visitors are committed petrolheads looking for good quality classic vehicles.

We only choose premium cars to auction and we market these directly to sites that enthusiasts visit and are members.  This ensures we get the most amount of interested people to our auction listings.

Auto Extending

We all know popular auction sites have a defined auction end time.

This is great for most low value auctions, but not so good for high value premium vehicles that have wide ranging estimates.  That’s why we still see premium classic cars in traditional auction houses that ensure the car gets its true worth.

So we’ve developed auto extending auctions that mimic traditional auction house bidding; it’s a key feature to make sure a classic vehicle achieves its true worth.

Community Discussions

You’ve probably guessed by now, security and transparency is what we’ve built our business on.  This philosophy is a constant in everything we create and manage, i.e. from the way we’ve built our secure website, defined our processes, work with our sellers, describe our auctions and validate our buyers.

Importantly to us, people are free to comment on any listing with the vehicle seller having a right to reply.  Both the vehicle’s positive and negatives points are discussed that builds confidence in the sale and ultimately ensures the vehicle achieves its true worth.

Transparent Pricing

We simply charge 3% buyer’s premium on the final winning bid; there is no charge to sell your classic vehicle.  We operate the highest service levels at the lowest price in the market.

Did you know, traditional auction houses can charge up to 10% seller and 15% buyer commissions?  Of course these fees significantly impact the final sale price and ultimately the money the seller receives for their vehicle.

So on a £50k hammer price, the most expensive house will make £12,850.  In comparison, our 3% buyers premium works out at just £1,500 – a massive 88% saving.

Click here to see how we compare against other auction houses.

 

SELLER FAQs
How do you choose what cars to auction?

Potential sellers submit their application to us via the Submission Form.  We only accept sellers / vehicles that pass all the checks as described in the Submission Form.

We are interested in consigning good quality and fresh-to-market classic vehicles with realistic value expectations.

If you are unsure and would like to discuss your vehicle directly with an auction specialist then please see our Contact Us page.

Can your auction service really achieve the best price for my classic vehicle?

Absolutely, we are an established service since 2011 within the classic vehicle industry with 1,000's of visitors a month looking to buy their next classic.

However, the genius comes with how we market your car for sale.  We list details of your vehicle on all the top classified sites linking back to the auction listing.  Serious buyers / collectors have alerts on these sites, so they will visit the auction listing and view your vehicle.

Importantly, we've developed auto-extending bidding that mimics traditional auction house bidding; it’s a key feature to make sure classic vehicles achieve their true worth.  Bids placed in the last one minute automatically extend the auction by a one further minute.

How do you value my vehicle and set the reserve price?

We take this process very seriously, to start off with we begin by understanding your vehicle, for example factory options, condition and mileage. Once we have this information we analyse the market to gauge your vehicle against recent sales and talk to our team of professionals to estimate any remedial work required.

After we have all this we will put together a Vehicle Valuation and Appraisal Form and personally talk you through. At this point we will mutually agree a reserve price for your vehicle.

Why don't you charge a listing fee or seller commission?

It's traditional for auction houses to charge seller and buyer fees.  Our overheads are much lower and this means we can offer our premium service with just the 3% Trade Classics Fee (Buyer Premium).

How to you make sure buyers are genuine?

The security and safety of our community is our top priority.

Before a person is allowed to bid they must submit a credit or debit card for us to validate.

As an additional security measure, we also require the authorisation of £0.50 against the card before it can be successfully stored.

During the bidding process the buyer's stored credit or debit card is used to authorise the 3% Trade Classics Fee (Buyer Commission).  If this authorisation fails then the bid will not be made.  At the end of the auction this fee is charged to the stored card automatically.

We use a trusted payment provider called Stripe (to read more on their security click here) to manage the authorisations and charges we request on our bidder's stored cards.

Do you offer a turnkey selling service?

Coming Soon - we are in the process of sourcing a trusted storage partner so we can manage the whole sale if required, e.g. collect the vehicle, valet service, take photos / videos, list and manage the auction including final payment. Some features may be available earlier and we shall advertise these at the time - we are in the process of sourcing a trusted storage partner so we can manage the whole sale if required, e.g. collect the vehicle, valet service, take photos / videos, list and manage the auction including final payment.

Can I accept a direct offer for my vehicle either during or after the auction closes?

Absolutely not - we have invested a lot of time and resources into the sale to bring the car to market and consider this a serious breach of our Terms and Conditions in Section 8.0.

During Auction Period (by this we refer to the time from when a listing becomes live until the auction subsequently closes - generally a 7 day period) - under no circumstances should private sales be requested or offered by any party during the auction period.  We take reasonable steps to monitor this process including but not limited to the communications sent between buyers and sellers via our auction service.

Post Auction Close (by this we refer to the period after the item sale is finalised) - under no circumstances should private sales be requested by registered Users of our service (Accounts active at anytime during the auction period) or their immediate families, networks and affiliates to any Seller against a vehicle that was not sold due to not making the reserve price set.   This clause is effective for 8 weeks after the auction end date.  We take reasonable steps to monitor this process including but not limited to the communications sent between Buyers and Sellers via our service.

Breach of Agreement; if we ascertain reasonable evidence that a breach to these terms above then the SELLER  will be charged 3% of the agreed reserve price or of the final bid, whichever is the greater sum. This is to cover our costs of consigning the vehicle during the auction preparation process, which includes but is not limited to our time invested to appraise the vehicle, consider its market position, cover any travel and subsistence costs to view the vehicle and incurred marketing costs.  If we believe there has been a breach of this agreement, and liability from the Seller has not been disclosed, then we will investigate and produce evidence for legal proceedings, for example to supply directly to the small claims court; more details on this process can be found on the UK Government website.

Can I advertise / sell my car elsewhere during the auction? 

No - we do ask you to refrain from doing so.

We have chosen your car as we believe an online auction route is the best process to achieve the highest possible price.

If in the unlikely event you wish to remove the car from sale then you will be charged 3% of either the starting bid or current bid at that time, whichever is greater.

This is to cover our costs of working with you during the auction preparation process.

What if the buyer doesn't complete the transaction?

The buyer is contractually bound to purchase the car from you within 7 days of the auction end.

We automatically deduct our non-refundable 3% Trade Classics Fee (Buyer Commission) from the buyer's credit card at the end of the auction, so they are financially tied to the transaction.

If the buyer still doesn't complete then you can either choose to take no action, or issue legal proceedings to recover the money.  This is the same process as any other auction sale - traditional or online.

 

BUYER FAQs
What do you mean by 'authorising' my stored debit or credit card when bidding?

Firstly, it's important to know the difference between 'authorisation' and a 'charge'.

'Authorisation' - we place a request against your stored card to a certain value to make sure the card is ligitimate and there is enough credit limit on the card.  This will use up a proportion of your credit limit until the authorisation is removed (see below).

'Charge' - this turns a pre-approved authorisaton into an actual charge, i.e. it will deduct the money from your stored card and you will see it on your statement as a 'Trade Classics' label.

 

There are three processes we operate against your stored credit card:

1. Authorisation - Storing a Card - As an additional security measure, we require the authorisation of £0.50 against the debit or credit card before a bid can be placed.  This is to make sure the validated card can be used if required in the future.  This will use up £0.50 of your credit limit for 7 days.

2. Authorisation - Placing a Bid - when you place a bid we require the authorisation of the 3% Trade Classics Fee only against the stored card before the bid can be confirmed.  This is to make sure you can cover the cost of the 3% fee if you were to win the auction.  This 3% fee will use up your credit limit until you get outbid, in which case it will be released, or will turn into a charge (see below) if you win the auction.

3. Charge - Winning an Auction - if you successfully win an auction then we will make a request to your stored card to turn the authorisation (number 2 above) into an actual charge. i.e. it will deduct the money from your stored card and you will see it on your statement as a 'Trade Classics' label.  Remember this is just the 3% Trade Classics Fee and you pay the final bid value directly to the seller within 7 days.

Why do you authorise credit cards before bidding?

The security and safety of our community is our top priority. That's why we use a trusted payment provider called Stripe (to read more on their security click here) to manage the authorisations and charges we request on our bidder's debit and credit cards.

As an additional security measure, we also require the authorisation of £0.50 against the stored card before a bid can be placed.  This is to make sure the validated card can be used if a bidder wins an auction, i.e. for the 3% Trade Classics Fee (Buyer Premium) to be charged to.

This security process is above our direct competitors, however it ensures we attract serious buyers and have confidence in the bids they make.

Importantly, we do not store card information on our site / servers.  When you enter your debit or credit card details they are securely encrypted and sent directly to the Stripe vault for safe storage.  We don't have access to your details and can't charge the card without your authorisation.  The only time we can place a charge against your stored card is if you win an auction - the 3% Trade Classics Fee will be automatically requested.

For more information please see our Terms and Conditions.

Why should I not leave my bidding to the last minute like eBay?

There are two key reasons:

1. Security - we operate higher levels of security, so if your debit or credit card is enrolled in 3-D Secure schemes like Verified by Visa, MasterCard SecureCode or American Express SafeKey then you may need to enter further authorisations against your stored card after you select 'Place Bid'. These authorisations may include passwords for these schemes on their site.  All this takes time and may mean you miss the end of the auction by the time the authorisation passes.  To guarantee your bid, we recommend at least a minute is active on the auction when you place your bid. If you have not registered a card on your account yet, we recommend you do this in good time before the expected auction end time (at least 2-3 hours).

2. Auto-Extending Bidding - we’ve developed auto-extending auctions that mimic traditional auction house bidding; it’s a key feature to make sure classic vehicles achieve their true worth.  Bids placed in the last one minute automatically extend the auction by a one further minute.  So there is no need to leave bidding to the last second.

Can I get in contact with the seller?

Yes, simply click on the seller's name in the auction listing to send them a direct message.

Remember, direct sales outside of Trade Classics are strictly prohibited and steps are taken to monitor this.  See Section 8 of our Terms and Conditions for more information.

Do you visit all the vehicles you auction?

We do visit all higher value vehicles valued over £20k.  This is to protect the integrity of our auctions and keep our community safe.

You can see if we have visited the vehicle in the ‘VEHICLE DETAILS’ section on the auction listing under the entry ‘Vehicle Visited’ - please click here to view on our example listing.

Can I view the cars?

Yes, we only accept vehicles from sellers that are prepared to show prospective buyers.

Simply click on the seller's name in the listing to send them a direct message and ask to organise a viewing.

Remember, direct sales outside of Trade Classics are strictly prohibited and steps are taken to monitor this.  See Section 8 of our Terms and Conditions for more information.

How to I pay the balance to the seller?

After you win an auction the 3% Trade Classics Fee (Buyer Premium) is automatically charged to your stored card on completion.  The balance, i.e. the final bid value shown on the listing and in your confirmation email is due to the seller within 7 days.

Simply click on the seller's name in the listing to send them a direct message to organise payment, e.g. bank transfer or cash on collection.

For more information please see our Terms and Conditions.

Can I make the seller an offer directly during or after the auction?

Absolutely not - we have invested a lot of time and resources into the sale to bring the car to market and consider this a serious breach of our Terms and Conditions in Section 8.0.

During Auction Period (by this we refer to the time from when a listing becomes live until the auction subsequently closes - generally a 7 day period) - under no circumstances should private sales be requested or offered by any party during the auction period.  We take reasonable steps to monitor this process including but not limited to the communications sent between buyers and sellers via our auction service.

Post Auction Close (by this we refer to the period after the item sale is finalised) - under no circumstances should private sales be requested by registered Users of our service (Accounts active at anytime during the auction period) or their immediate families, networks and affiliates to any Seller against a vehicle that was not sold due to not making the reserve price set.   This clause is effective for 8 weeks after the auction end date.  We take reasonable steps to monitor this process including but not limited to the communications sent between Buyers and Sellers via our service.

Breach of Agreement; if we ascertain reasonable evidence that a breach to these terms above then the SELLER  will be charged 3% of the agreed reserve price or of the final bid, whichever is the greater sum. This is to cover our costs of consigning the vehicle during the auction preparation process, which includes but is not limited to our time invested to appraise the vehicle, consider its market position, cover any travel and subsistence costs to view the vehicle and incurred marketing costs.  If we believe there has been a breach of this agreement, and liability from the Seller has not been disclosed, then we will investigate and produce evidence for legal proceedings, for example to supply directly to the small claims court; more details on this process can be found on the UK Government website.

What is the bidding increment?

We have a simple £200 bidding increment, i.e. a new bid posted needs to be greater than £200.

Can I find out what the reserve price is?

No - however you can see when the reserve price has been met in the bidding panel on the listing.

Remember, direct sales outside of Trade Classics are strictly prohibited and steps are taken to monitor this.  See Section 8 of our Terms and Conditions for more information.

Can I offer to part exchange my vehicle against the auction?

No - the auction will run for the full 7 days and no part exchanges or any other type of deals are allowed.

Remember, direct sales outside of Trade Classics are strictly prohibited and steps are taken to monitor this.  See Section 8 of our Terms and Conditions for more information.