Peter Wilson Sale: 18/07/19

Discuss our on-site auctions and other slot machine auctions.
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radiochrissie
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Re: Peter Wilson Sale: 18/07/19

Post by radiochrissie »

Will also be going, hopefully we are after different things. |/XX\|
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moonriver
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Re: Peter Wilson Sale: 18/07/19

Post by moonriver »

alan57 wrote: Wed Jul 10, 2019 4:45 pm Never been to an auction house before, so looking forward to it.
Don't forget if you have a question during the auction just put your hand up.
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treefrog
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Re: Peter Wilson Sale: 18/07/19

Post by treefrog »

I want what you all want, whatever that is. :roll:

Will be going, just to at least see the items. I have my eyes on one machine that I would not normally go for, but may change mind once there. I wish I was close enough to view, I have to get up at 4am to have a chance to view.

Some nice rare machines, perhaps more for the wall collector than bandit, but as has been mentioned odd reserves on some machines of which the following obviously they do not want to sell as if reserves exist usually near lower estimate is reserve.

Lot 5 and 6 Rockola machines as £2k to £2.5k
Lot 9 Payramid £3k to £3.5k
Lot 23 Butterfly £4K to £4.5k
Lot 32 Maple Leaf £2k to £2.5k
Lot 79 Trickler (worse estimate of all) £7k to £7.5k
Lot 112 Major League £2k to £2.2k

We will see if course, see you there !!THUMBSX2!!
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alan57
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Re: Peter Wilson Sale: 18/07/19

Post by alan57 »

Was hoping to get there early on the auction day, as the auction house has a small car park.
sod's law, we will be bidding on the same machines. :shock:
Thanks for the advice moonriver. :lol:
See you on the auction day Tom and RadioChrissie.
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badpenny
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Re: Peter Wilson Sale: 18/07/19

Post by badpenny »

I wouldn't worry about bids from fellow collectors/members here. You all know what they're worth and because you'll see them in the flesh you'll fully understand what you're bidding on.
The ones to worry about are those sitting at home bidding on the internet, they're the ones that go whappy with the bid button while assuming everything is in perfect condition.

BP :cool:
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geordy55
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Re: Peter Wilson Sale: 18/07/19

Post by geordy55 »

badpenny wrote: Wed Jul 10, 2019 11:04 pm
The ones to worry about are those sitting at home bidding on the internet, they're the ones that go whappy with the bid button while assuming everything is in perfect condition.

BP :cool:
Also, when bidding online, if 5 bidders press their button at the same time then it puts in 5 consecutive accumulative bids which really puts the price up.
pennymachines
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Re: Peter Wilson Sale: 18/07/19

Post by pennymachines »

That can't be right. It can only bid up to the indicated increment when you push the button. If five online bidders hit 'Bid £400' simultaneously, one will be given the lead bid of £400 and the others will find they were too late and offered a 'Bid £420' button (if the increment is £20).

Of course, if there's a higher proxy bid already in place, it will jump up to £420 when someone bids £400 and go to the proxy bidder for that amount unless there are more bids.
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alan57
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Re: Peter Wilson Sale: 18/07/19

Post by alan57 »

Viewing day Saturday. Spoke to Chris Large who is in charge of the viewing day, who said that the machines belong to a guy who now lives in America (he wouldn't say who). The machines have been in storage for some time. The condition of the machines - some worked, some didn't, spotted woodworm on some of the machines. The bandits mostly didn't work, the Mills Hi Top was held together by gravity! Front sides and back not bolted together, also jammed.
Chris informs me that if some of the machines in the auction don't reach their reserve price, the auctioneers can sell 10% below the reserve.
Lots of interest on a number of machines. Asked why some of the valuations seemed very high, this was mainly because the seller (who ever he/she is) set the valuation high - I guess they didn't want to sell them!

The auction starts at 10 o'clock, and will take about 2 hours (according to Chris).
Peter Wilson car park is small, so I suggest the people who intend going to arrive early. Gates open 8.30.

Viewing day pictures
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radiochrissie
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Re: Peter Wilson Sale: 18/07/19

Post by radiochrissie »

Thanks Alan for uploading pics and info. Hopefully see you Thursday, and oh yes, good luck. |/XX\|
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treefrog
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Re: Peter Wilson Sale: 18/07/19

Post by treefrog »

Thanks for the update, I have no expectations, but just looking forward to the experience. Will be interesting to see what is what... Maybe the high priced machines will be heading over the water.


FD92767F-F6FE-45EC-9269-C8771D47A155.jpeg

Prices are funny at the moment, an auction today in Suffolk had a few slot machines in, with a Hi Top making 150 and a Lite Up the same, but an interesting coloured Brooklands raised 800 excluding commission......


3E53E49C-AD9F-4EEA-87AC-EE27547A1D2F.jpeg

What did interest me in this sale was the Brecknell BMR Slot Automatic petrol sign from a petrol pump from the '20s... See below a machine it would have sat on... I guess unattended coin-op petrol machines would not be allowed in our world today.

Topic slit, copied and moved to Coin operated petrol pumps Site Admin.
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alan57
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Re: Peter Wilson Sale: 18/07/19

Post by alan57 »

Forgot to mention about this Wonders at the auction. I've not seen this machine before. The machine isn't working, ball jammed inside. Does anyone have any information on it? It has a low estimate, just wondered (please excuse the pun) if it may attract a lot of interest.
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gameswat
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Re: Peter Wilson Sale: 18/07/19

Post by gameswat »

That Wonders backflash looks like 1970s era artwork to me, when Victoriana was huge. Better than many remakes I've seen, but completely out of time with the '50s machine, so I'm no fan. I doubt it will create a bidding war of any kind as I'm sure most people would want to restore it back to a Wonders graphic.
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alan57
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Re: Peter Wilson Sale: 18/07/19

Post by alan57 »

Thanks Rory for the info. I think you're right, when people realise it's not a genuine Wonders backlash, it may put potential bidders off.
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treefrog
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Re: Peter Wilson Sale: 18/07/19

Post by treefrog »

I wonder is if is an early machine as well in that cut down cabinet and different hinges....
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alan57
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Re: Peter Wilson Sale: 18/07/19

Post by alan57 »

Looking at Peter Wilson auction catalogue this morning and noticed at the bottom of each page they are stating their buyers commission is 26.4% inclusive of VAT @20%. Does this mean they are are only getting 6.4% commission for each sale?
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treefrog
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Re: Peter Wilson Sale: 18/07/19

Post by treefrog »

Ha ha, yes badly written, so their commission is 22%.....

About a month ago I almost wrote a two page rant about auction houses and what value do they actually bring and what should change to manage the ethics and guidelines on how they operate. Never posted it though, so here is a taste......

My biggest concern is over the years if you read the small print of a lot of auction houses, they seem to be taking less ownership for anything, especially as they are making anywhere between 35% and 60% on each item with buyer's and seller's commission. No longer do they:

- Take any responsibility for descriptions accuracy, it is buyer's responsibility.

- Take any responsibility for condition, it is buyer's responsibility to check for damage, repairs etc.

- Take any responsibility for damage whilst in the auction house to items if caused by a potential buyer.

- Take any responsibility for damage or loss of goods, from the point the hammer goes down, it is down to the buyer to provide insurance cover before collecting.

- Any damage caused by an item being removed, is buyer's responsibility, including to other lots.

- If an item is stated to be something different to what is described, it is down to the buyer to pursue directly with the vendor, the auction house takes no responsibility. They even send details to the seller to make sure they are happy before the sale.

Now I could go on for ever here, but considering a lot of sellers go to an auctioneer and specialist advisor to assess age, condition, value etc, how can it be the seller's responsibility to underwrite this? Apart from anything else, it proves how little auctioneers know. We have all probably had experiences of this, but is inexcusable when they cannot even be bothered to spell known makes of items correctly in their catalogues, e.g. l sold a Beswick large figure recently and it was described as Berwick, probably due to auto spell, issue being, a lot of people search online now and means this will be missed.

An awful lot of stuff going to auction these days is put in by unscrupulous dealers, hiding damage, repairs, age etc. and one would expect more effort by a dealer to identify. I recently bought some apparent 19th century shop cabinets as described, painted pine with large draws and cup handles. I could not move the items out to see the backs or sides as they had piled large amounts of other items on top. After winning and them being removed, I discover they were made no more than 20 years ago, once seeing the backs... Only recourse to go back to the vendor. :evil:

I would never expect auctioneers to know everything, e.g. of our hobby we know they know nothing, but a lot of run of the mill stuff they should and seem to be taking minimal if any ownership for anything...

Rant over... :didact: Feel better now.
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treefrog
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Re: Peter Wilson Sale: 18/07/19

Post by treefrog »

Interesting, Peter Wilson does not seem to publish their policies on their website or I could not find them. Only place I have found anything is the Salesroom terms for them, which are different to some other auction houses I have seen. I certainly believe it is worthwhile everyone understanding these for sales, as obviously they vary from auction house to auction house. Perhaps back to my point they should be consistent and to a certain standard. What is clear is that auctioneers state they act as agents and are not the sellers, which is the key point I guess. It does seem that Peter Wilson have a clause that they will be responsible if an item has a fault that would not have been obvious to a buyer at the time, which should have been picked up by the auctioneers. What that means I am not clear on though......

Funny, I have never understood why people sell certain items at auction, e.g. bullion, gold, silver etc, as these sell close to bullion prices including commission. So if a seller sells a gold sovereign, which say is worth £250, it will reach £200 in the sale and they get less than £160 back after commission. If you take a coin to a dealer, they will normally offer a much smaller % below spot price, way less than 10%... in fact some below 4%.
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coppinpr
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Re: Peter Wilson Sale: 18/07/19

Post by coppinpr »

I've been going auctions since the mid '60s and what always amazes me is that all auction house personnel (with the exception of our very own 2 j's) seem to be a mixture of Steve Hunt and Dell Boy. I went into Brighton General auctions yesterday and you would have thought I'd come to check their accounts rather than look at the lots. They actually asked me why I was there!! True, after a quick look round I did ask myself the same question. :lol:
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alan57
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Re: Peter Wilson Sale: 18/07/19

Post by alan57 »

Weather tomorrow looks to be cloudy and warm, so for those going to the auction tomorrow hope to meet you there. I'm sure some lots will go for crazy online bidders !OMFG!
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Re: Peter Wilson Sale: 18/07/19

Post by coppinpr »

Just watched the Wilson sale online, I had a few bids but won nothing. Almost got one item, the fag allwin, which went quite cheap at, I think, £280+ com.
It was a very mixed bag, as expected, some of the high estimates were in fact reserve prices and several of the high priced items didn't sell. The Rok-o-la Worlds Fair seems to have been withdrawn prior to the start, unless I missed it. The hammer prices on some machines including some allwins seemed OK but killed by the commission in most cases. The R&W Fill Em Up seemed cheap at £380 (hammer price). The Boland machines I was interested in were very high - £1500 for the Film Stars (+ commission!), £850 for the Bomber Command. Lowest I saw was a Mills pinball on legs for £45 (?). Most prices were very high inc. commission (Win a Kit Kat £500+ commission). My "man on the spot" told me many machines in poor condition and almost impossible to gain access to the insides. :cool:
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