March 2009 auction prices UP on March 2008...

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Thu 2 Apr 2009 11:34
March 2009 auction prices UP on March 2008... - Mapmaker
According to Manheims press release.

www.honestjohn.co.uk/news/item.htm?id=5963

Fascinating. I might just sell my new car, and keep the old one...


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Thu 2 Apr 2009 11:53
March 2009 auction prices UP on March 2008... - Mapmaker
The other thing the article misses is the collapse in value of the pound, bringing Euro-rich Irishmen into the UK market.

My prediction was right, but I was far too far into the future.

www.honestjohn.co.uk/forum/post/index.htm?t=66271&...e


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Thu 2 Apr 2009 12:55
March 2009 auction prices UP on March 2008... - Mapmaker
However note that both Manheim's and my own impressions are that auction prices might now
have peaked.



Indeed, yes. But there cannot be many "investments" that have kept their value over the last 12 months, let alone risen in value. Least of all something that is a wasting asset.
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Sat 4 Apr 2009 20:08
March 2009 auction prices UP on March 2008... - Carl2
Had posted this before. I noticed that as the Manheim auction I visit is now online. Traders in the hall step back at their limit then a lot of bids come in from the internet. I imagine this had a lot to do with the prices appearing to me to be a lot higher these days.
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