Collecting Cars, the online auction platform dedicated to iconic, collectible and sporting cars, has just started the bidding for the personalised number plate “PGA 1”.
The highly sought-after number plate’s listing is live on the Collecting Cars site here with 6 days currently remaining on its auction time.
Since its launch in 2019 Collecting Cars has sold over £148m worth of vehicles and attracted bidders from over 90 countries. The site, which is open for bids 24/7 and has new auctions going live daily, recently claimed the accolade of the fastest growing online auction platform in the world.
Edward Lovett, founder of Collecting Cars said:
“This is a once in a lifetime opportunity for the supreme golfing fan. Personalised number plate listings are becoming increasingly popular on the Collecting Cars site but it’s rare that we see one as special as this. After a weekend that saw the Ryder Cup dominating the global sporting headlines, “PGA 1” is one of the most sought-after number plates in the world. To use a golfing pun, interested buyers really will need to strike while the ‘iron’ is hot to be in with a chance of owning it.”
Compared to traditional car auctions, Collecting Cars offers significantly better value for sellers and buyers alike. For sellers, the detailed photographic presentation and professional descriptions mean their car is showcased in the best possible way, and it is marketed to a huge captive audience of passionate enthusiasts. Furthermore, there is no listing fee, and they receive 100% of the hammer price.
For buyers, the premium on auction lots is levied at just 5% + VAT – substantially lower than tradition auction houses, which typically charge 12% or more – and is capped at £6,000. On hammer prices above £100,000 this means that the buyer’s premium is even less than 6%.
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