Bugatti Buyer Reneges After Sale
Barrett-Jackson’s marquee sale of an exotic Bugatti Veyron in Las Vegas turned into soap opera Saturday when the winning bidder backed out of the sale, leaving the auction company holding the bag for a $700,000 sale.
Barrett-Jackson would not identify the faux buyer, saying only that once the guy said he would not honor the sale, the auction yanked his bidder credentials on the spot and escorted him off the premises.
Quote from the article:
Craig Jackson, chairman and CEO of Barrett-Jackson, stepped up and bought the car himself, making the Bugatti’s consigner whole and protecting the integrity of the auction.
I thought 750,000 was a steal for a car that cost a million more just 2 years ago. I also used it as an example for my wife to show her the money I lose buying cars is just a pittance. No, it didn’t go over well. Here is video of the auction:
http://link.brightcove.com/services/player/bcpid71457653001?bctid=617915474001]ARTICLE EMBED
Source: Bugatti Buyer Reneges After Sale
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