Mk1 115 3406 at Hampson auction

[Peter Rothery]

https://auctions.hampsonauctions.com/au ... 6&pn=1&g=1
Been for sale on FB for a while but the dutch auction idea appears to have been abandoned in favour of the more conventional approach.

115 3406.jpg (157.44 KiB) Viewed 645 times

[Dion]

Been for sale on FB for a while but the dutch auction idea appears to have been abandoned in favour of the more conventional approach.

What do you mean by "dutch auction idea"?

[mojo]

It's a commonly used (in UK english) term to describe an auction that starts high and the price drops until someone buys (or nobody buys, as in this case).

https://en.wikipedia.org/wiki/Dutch_auction

[Peter Rothery]

Dutch Auction: a process of selling something in which the price is reduced until a buyer agrees to pay it. I believe this one started at over £70k on FB but thus far has apparently not resulted in a sale.

[Mark1Stu]

I remember viewing this car when previously for sale. The vendor was asking circa £9 -11k. It was a very long time ago!

I thought at the time it was one of very few really nice MK1s on the market.