Quote:
Originally Posted by Cashburn
Easy to follow if so. However the car had a reserve and it was pulled. No reason to pull your reserve to buy your own car back.
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Only to "make a sale" and "set a benchmark". I cannot tell you how many times this happens with no logical reason as to why. In the last 19 years of my time at these types of auctions, I can document a large percentage of "specialty cars" which have ended up back with their original owner/sellers even after dropping the reserve (IE: their man was the top bidder, they dropped the reserve in hopes of him(her) getting out bid and moving the car to a higher price point).......If memory serves me correctly, I do believe this will not be the first time this has appeared to happen with this particular car. Again why is anyones guess as there is no real logic behind throwing away money................
Bill S.