View Single Post
Old 11-21-2008, 09:12 AM   #19
JackG
Registered User
 
Join Date: Mar 2005
Location: South Carolina
Posts: 530
Quote:
Originally Posted by Kirk
Nope... I don't think that the "original guy" "deserved it" more than anyone else. The "original guy" who put up the auction and got the quarter of a million dollars was kind of "sealing" it too. See some older gentleman (who has not been named so as to try to hide this from the family) had this car in storage. When he passed away he got behind in his storage payments (hard to do you see when you're dead). The brother-in-law (who owned the storage) of the eBay seller then got title to the car in lieu of overdue storage costs. It wasn't until they had the car up for auction that they figured out its real value.

The interesting things is whether or not the eBay seller will actually get to keep any of that money. See they can get title to the car if the due storage costs exceed the value of the car, which they estimated at $4,000 at most. Clearly they were wrong as the real value is $226,000. So.... IF the family can find out about this, they'll probably have them in court in a heartbeat and get at least $222,000 back for the car.... and the "original guy" will get the $4,000 or so that he truly deserves.

Kirk
I haven't heard the lead-in story about how he came to own the car, and couldn't find it on the net. However, with it being so valuable, IF there was a family around, it sure seems they would have known about it and rescued the car.

One thing is for sure... in your scenario, once the seller sold the car for 4k, and the new owner then sold it for 250k. the family, IF they exist, would have ZERO chance of getting anything. Not the best outcome, huh?
__________________
Jack
2000 Boxster S - gone -
2006 Audi A6 Quattro 3.2
JackG is offline   Reply With Quote