11-21-2008, 08:35 AM
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#1
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Registered User
Join Date: Jul 2007
Location: Texarkana, Texas
Posts: 959
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Quote:
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Originally Posted by JackG
What, so then the guy could turn around and sell it for over 200k? That would be the same as stealing. I'm happy that didn't happen, and the original guy got what the car was worth. He deserved it far more than someone who took advantage of a situation.
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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
__________________
2000 Boxster S - Gemballa body kit, GT3 front bumper, JRZ coilovers, lower stress bars
2003 911 Carrera 4S - TechArt body kit, TechArt coilovers, HRE wheels
1986 911 Carrera Targa - 3.2L, Euro pistons, 964 cams, steel slant nose widebody
1975 911S Targa - undergoing a full restoration and engine rebuild
Also In The Garage - '66 912, '69 912, '72 914 Chalon wide body, '73 914
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11-21-2008, 09:12 AM
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#2
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Registered User
Join Date: Mar 2005
Location: South Carolina
Posts: 530
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Quote:
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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
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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
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11-21-2008, 09:41 AM
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#3
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Registered User
Join Date: Oct 2007
Location: Vero Beach
Posts: 142
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haha wow... the new owner of that low mileage garage beauty just got rickrolled!
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11-21-2008, 11:49 AM
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#4
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Registered User
Join Date: Nov 2007
Location: Atlanta, GA
Posts: 834
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Quote:
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Originally Posted by JackG
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? |
Go here:
 eBay link
Read that page and work your way to the bottom.
At the very bottom, go to Questions From Other Memebers. To view all 38 questions, you will have to login. Go to the last page of questions as they are the oldest and work your way up.
BTW, the previous owner died and the car sat for a year with no one claiming it and no one paying storage. The current owner gained title in return for unpaid storage.
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11-21-2008, 01:04 PM
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#5
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Registered User
Join Date: Feb 2008
Location: Du Monde
Posts: 2,199
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@JackG... I'm wasn't pointing at you at all. Just like FTD said, this is a rare story to be enjoyed.
I just hope it doesn't turn out to be, again invoking Ms. Mona Lisa Vitto: "Oh My Gawd... What a friggin' nightmare...!!"
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