Omg---lol

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07-27-2012, 06:50 PM

#21

compedgemarine

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Quote:

Originally Posted by Fixxxer22

I'm not trying to spread rumors. But I heard that the bank wanted upward of 300k for each of them. It was a no reserve auction. But i wonder if it was the bank bidding them up so they can attempt to sell again since it didn't hit that 300k mark. Again, This is not a fact by any means. Just heard as gossip.

that is all well and good if it is the bank but generally the first auction is the highest bidding one. classic cars that dont meet reserve rarely ever get close to the first auction bid price at the second or third try. if "real" bidders only went to $150k range then they will probably only make it to $120 or so in the future. in time the bank will give up and the boats will be so bad that they end up stripped for parts.