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2007 42 FT FOUNTAIN LIGHTNING gov auction

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Old 07-19-2009 | 09:33 AM
  #11  
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anyone have a number I can't get the link to come up??
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Old 07-19-2009 | 09:50 AM
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Originally Posted by phragle
you sure?? said it's a govt. auction. the govt only knows how to loose incredible sums of money. it's what they do best.
Dealers and Brokers have a vested interest in protecting their own inventories' values.

They would take this off the market by purchasing from government auction then re-selling at 'market price'.

The bids will come in late in the auction, but they will come.
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Old 07-19-2009 | 10:00 AM
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Originally Posted by Kelly O
Dealers and Brokers have a vested interest in protecting their own inventories' values.

They would take this off the market by purchasing from government auction then re-selling at 'market price'.

The bids will come in late in the auction, but they will come.
if the govt is auctioning it...isn't it owned/seized/belongs to the govt in one way or another?? or is Obama not happy running Govt. motors and decided to go into the used boat buisness. if the govt is selling it, no dealer would have a vested interest..
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Old 07-19-2009 | 10:52 AM
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Thumbs up 42 700 Boat

Anyone can bid on these boats. The only catch is you have to send in a 20K Cashiers Check to bid on their boats so it can get costly to bid on several boats.

I have not seen boat since it was repo'd but the indivduals who scammed people did not have long.

Regards,

Team Shogren

Originally Posted by Kelly O
Bet if the bids do not get close to market value it will be back in Shogren's hands again.
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Old 07-19-2009 | 11:40 AM
  #15  
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Originally Posted by tomtbone1993
Thanks for posting it a week ago.........
I didn't post because we were thinking of putting a bid in on it
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Old 07-20-2009 | 02:24 AM
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Default Goes to the higest bidder

Market price means nothing. First bid price is $100500.00. there is a reserve price on the boat, but it's usually well below market on the GSA auctions. US marshal service is auctioning this either as contraband or distressed assets.

Go to
http://gsaauctions.gov

Last edited by lowtech; 07-20-2009 at 08:07 AM. Reason: messed up
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Old 07-22-2009 | 10:32 PM
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This boat sold today for 189,000 and change. I would be interested to here from the new owner about it's condition.
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Old 07-23-2009 | 06:36 AM
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That's a great deal for someone if all the boat needs is a few cosmetic fixes.
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Old 07-23-2009 | 08:41 AM
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Originally Posted by nealmobile
This boat sold today for 189,000 and change. I would be interested to here from the new owner about it's condition.
WOW, that is a great price for that boat, I actually thought it would go for around 230K
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Old 07-23-2009 | 07:32 PM
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Originally Posted by BAJA WILL
WOW, that is a great price for that boat, I actually thought it would go for around 230K
looks like this one 2007 42 Lightningl

Did he buy it and mark it up $50k? Asking $240

Last edited by m3seth; 07-23-2009 at 07:43 PM.
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