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Re: Auction

To: Fhsloth3@cs.com, tigers@autox.team.net
Subject: Re: Auction
From: MWood24020@aol.com
Date: Sun, 22 Jan 2006 12:47:27 EST
In a message dated 1/22/2006 9:14:05 A.M. Pacific Standard Time,  
Fhsloth3@cs.com writes:

How  about the 1950 GM Parade of Progress bus that went for $4,100,000 on  
Saturday night? The owners were expecting around $600,000 for it. Where do  
these 
people get that kind of money?




In some cases, the money being spent is tax-deductible, as the cars  are 
being held within not for profit entities. An example are some of the  private 
"museums", which might open their doors a couple of times a year, by  
appointment 
only...nice tax dodges for wealthy individuals to utilize.
 
But, as has already been said, the Barrett Jackson auctions are known for  
being examples of stupid money in action. Good example: a '67 GT500 Mustang 
went 
 for $410,000...and had been offered through a dealer for $185,000, prior to 
the  auction.
_http://www.familyclassiccars.com/en_US/HomePage_1.html_ 
(http://www.familyclassiccars.com/en_US/HomePage_1.html) 

Crazy stuff.




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