Let's see it cost $500.00 just to register to become a bidder (it included one guest pass) and a few other amenities. Then there is the 10% commission that is the buyers responsibility. There is a higher percentage if you are not present that can take that percentage up to 17% of the hammer price. Now add into that sales taxes and other fees and things start to add up.
I don't know the tax codes regarding charitable contributions but I am sure that someone has figured that one out.
$1 Mil (plus fees) for serial #0001 2014 Vett. by Rick Hendrick who also bought a 1958 Vett for $270k. And both were for charity. Now you have to make the money to be able to right off the contribution and more power to Rick for being able to do that.
Now I did not see Bob Pratt (I think that is his name), the Arizona developer buy anything this year. He did bid on a few things but dropped out. He did take a little hit on the Jeff Gordon NASCAR as he bought it for $500k a few years ago and donated it to charity and it only went for $320k this time around. Times are tough in the tax right off arena.
Now the guy that pays $4.3 mil for the Batmobile to put in his living room needs another hobby.
I sure would like to know what is being said to the bidders as they are thinking up upping the bids. One guy seemed a little ticket at the BJ employee was wanting him to continue bidding when he already decided to drop out. The guy finally walked away.
VG
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