$700,000.00 Bugatti bidder backs out in Vegas

[Ms Grumpy]

I have always wondered what would happen if the people that bid the outrageously high prices on cars at Barrett Jackson, backed out. Here the guy bid $700,000.00 and then says, I really don't want to pay.

http://www.foxnews.com/leisure/2010/...rrett-jackson/

[grumpy]

I wonder how many times this happens at each auction ..

[grandsport]

That was really quite embarassing for me.

[Ms Grumpy]

Originally Posted by grandsport

That was really quite embarassing for me.

You should have know better Gary. You are only allowed to SELL the cars.

[grandsport]

I've only walked away from a winning bid once. I knew the auctioneer was bumping me but I wanted the car.He hit the wall one more time and I walked away.When he realized I walked,he went back to my previous bid and put the hammer down.He said sold to Gary,and I said no it ain't.After a "discussion" about my being stupid and just getting in the business,I did not take the car. They don't want to lose a guy who buys 40-50 cars a month at one sale.

[Highway Star]

Originally Posted by grandsport

That was really quite embarassing for me.

He thought is was a one-off pacifica, but was sadly mistaken.

[grumpy]

I knew it was you !

[andy]

There may have been some of this going on here. The board did go to 750k then backed down to the 700k. The guy who bid did look a little "confused". He may have been caught up in the moment bidding on a car on TV then got caught when the bidding stopped.