Re: auction 'buy backs'
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I was told John Ohler did try to buy his car back and was told he could not. If you want to buy your car back you need to have someone you trust and someone that trusts you to bid on the car and buy it. Then he just sells it back to you. There is now way the auction house or anyone else can control that. That is where Barrett-Jackson is at now. All your nudge nudge wink wink comments are the BS.
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I'm still not quite understanding how this auction buy back works. If you are not allowed to bid on your car as owner, and must have someone else bid, then aren't you on the hook for paying the entire bid amount, not just the 18% seller/buyer portion, but also the bid amount as well? Because if someone else bids (and they must have a bidders number) isn't that considered a legitimate buy? I'm still fuzzy on how this all pans out. Thanks for any clarification to this.
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2 1971 LS-6 Corvette coupes (Duntov's last stand)
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