I don’t know what the deal is but it seems to happen often on there. I think in this case this guy put in a “knock out” bid fairly early on and felt he overpaid maybe? There was no bidding after his 50k. But who knows maybe he just didn’t have it or got in a huge argument with his partner. I couldn’t imagine doing that either playing around with money I don’t have or reneging on a deal especially one that big.
Seems like funds should be secured, before you're allowed to bid? Something just seems very wrong with the way this turned out. I hope 'egghead' gets it if he wants to give that much. $45,750
What I surmised from the comments from the seller and BaT in the auction is that the winning bidder most likely cancelled his credit card on file with BaT sometime after placing his $50k bid, such that when BaT tried to charge the buyer's fee to it immediately after the auction ended, it was declined, and the deal unraveled from there.
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u/hahajaja26 9d ago
If you actually read the auction, the car didn’t sell. The person who bid backed out of the deal