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After a period of ups and downs in the 1970s and early 1980s, interest rates eased, meaning highly desirable exotic cars whose decals once frequented bedroom walls of collectible car fans suddenly became affordable. [31] During the 1980s boom, investors frequented auctions, causing prices to skyrocket. When cars were sold, they were commonly ...
The price had risen to $3,000 before eBay closed the auction. [8] [9] In May 2006, the remains of U.S. Fort Montgomery, a stone fortification in upstate New York built in 1844, were put up for auction on eBay. The first auction ended on June 5, 2006, with a winning bid of US$5,000,310.
Some auction locations inspect and prepare the cars for sale if the listing dealer so chooses (at a premium). More extensive reconditioning is also available. Many auctions offer (for a fee) post-sale inspections for qualifying vehicles that can determine mechanical or frame damage issues and allow the buying dealer a window of opportunity to ...
During that time, he was approached by a prospective buyer who eventually declined the $500,000 sale price, which represented the amount of debt Mecum owed. [3] The company auctioned its 50,000th vehicle in 2008. [6] Mecum Auctions was headquartered in Marengo for years, [7] [6] before relocating to Walworth, Wisconsin in 2011. [8]
Auctions were held annually in 21 years between 2000 and 2022, with no auctions in 2020 and 2021 due to the COVID-19 pandemic. In total, auctions on eBay for lunch with Buffett raised $53.2 million for the Glide Foundation, with winning bids ranging from $2 million to as high as $19 million for the final auction in 2022.
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The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987. The company was sold to ITT in 1981, but the family bought it back in 1986. It was then sold to eBay for $275 million in 1999 [ 3 ] but was purchased back by Dean Kruse in 2002.