[AutoInsane]

Benny,

I have to agree with you. It sure doesn't seem right to end an auction of this type early but we do not know the details. Perhaps someone made an offer to the seller that he thought was a good deal and acted on it or on the extreme other hand maybe the auction was bogus. Yes this auction could have been done to advertise the car... set a high reserve and have associates bid on it. We don't know without further details.

I myself was going to write a post about the possibility of the buyer having friends post fictitious bids to pump the price of this car but looking at who the bidders are there sure seem to be credible buyers in the crowd (as well as some brand new E-bay accounts). But if there was even just one real buyer in the crowd then the price is a realistic one. Someone being willing to pay that price.

All of it is supposition in this case because it all occurred below the reserve. An auction like this leaves more questions than answers. If the action had occurred above the reserve and the car sold then there would be no questions. It would have been bid for at a price that the car would have changed hands at. I could put a toothpick for sale on Ebay with a $30,000 reserve and have friends bid it up to $29,999.... would it then be worth the $29,999 just due to the fact it got to that level on an Ebay auction? You tell me.

I do not know this car, seller or anything else about this auction. It may well be 100% honest and someone did bid it up to $148,000. I would welcome someone who has any facts to post them. The only point I am trying to make is 'caveat emptor'. Know what you are buying and what it should be worth. If you are buying something of this high dollar amount on an online auction contact the seller see the vehicle and do the homework.

Reality is merely our percieved view of an occurance. This perception can be altered thru illusion. Did we see a $148,000 Z/28.. hummmm... did we??