Citi Golf and Jaguar on bidorbuy R1 auction

If you are looking for an affordable car, come to bidorbuy on Thursday 19th February and bid for a 2005 Citi Golf. If you have your sights set on something bigger, prepare to bid for a 2001 Jaguar on Thursday 26th February.

(16 February 2009) The month of February 2009 ends on a high note on the local auction site and market place www.bidorbuy.co.za. Two bidorbuy sellers have decided to list second-hand cars on a R1, no-reserve auction.

A seller who trades on bidorbuy under the username Diamond Traders is selling a 2005 Citi Golf Chico on Thursday 19th February.
The following Thursday, 26th February, the bidorbuy seller who prefers to be known by her username MissSale, will allow the free play of the market forces to determine the price of her 2001 Jaguar S-Type model 4.0 V8.

The R1 no—reserve auction format means that the highest bidder walks away with the merchandise, no matter what the amount is. Theoretically, one could have either of the cars for peanuts. In practice, the R1 no-reserve auctions traditionally attract a lot of interest among more than 330,000 members of the bidorbuy community, with the result that the final price is more often than not decided in a heated out-bidding competition.

This is the first time that Diamond Traders is listing a car on an online auction. Up to now, the seller mostly sold gemstones on bidorbuy. Asked why he decided to put a Citi Golf valued at R62,500 on a R1 auction, he said: “I follow the Thursday promotional auctions and the items normally go at good prices. I believe that I too will sell the car at a good price. I did do some homework and think that I can make good money by selling cars this way.”

As for MissSale, she is not a stranger to taking risks with high-value merchandise. In November 2008, she listed a second-hand Mercedes-Benz CLK320 cabriolet valued at R350,000 on a bidorbuy no-reserve auction starting from R1. The Mercedes sold for R267,222.25, prompting MissSale to comment at the time: “Frankly, I expected more.”

Still, she is now back, albeit with a somewhat less pricy vehicle: the value of the already mentioned 2001 Jaguar S-Type stands at about R160,000.

“I expect that this, second car I am selling on bidorbuy will achieve a better price, relatively speaking”, says MissSale. “Besides, I love the thrill of the bidding! It gets especially exciting in the last hour or so. I just sit in front of my computer pressing the F5 key to refresh the bidorbuy page with my listing”.

About bidorbuy

bidorbuy is South Africa's largest online marketplace. Established in 1999, the company has created a safe and convenient way for people to buy and sell goods online. As a virtual trading place that brings buyers and sellers together and allows them to buy and sell virtually anything in an exciting auction format, using the Internet, bidorbuy has created a thriving online marketplace.