[Silverback51]

Originally Posted by 1ntCobra

It appeared that there was a single bidder who got up to 6.8 million. It seemed like he said something like everytime he up'ed his bid that it was matched. Perhaps he realized that someone in the house was just matching his bid each time, so he stopped bidding. Mecum was right there with the bidder pressuring him to bid again. And I think Mecum told the bidder what the reserve was trying to get him to bid again. And they really dragged out the time with the only real bidder not bidding again.

I think on saacforum.com it is not really Mecum who owns the car, but some company and a handful of investors who bought it with the hope of flipping it for big bucks at the auction. Perhaps they paid too much for the car. And now they are upside down on their bet.

If true, what a shame.

I hate it when investors buy cars and try to just turn a buck.