The mind of a bargain shopper knows a good deal when he sees one, and if he had the resources to make a purchase, he would scoop up the said item without even thinking twice.

Well, by any standard, $700,000 is a lot of money, but if it means driving home with a slightly used Bugatti Veyron, it’s still worth the money you’ll spend for it.

Now, go to the Barrett-Jackson auction over the weekend and you’ll find out that that’s exactly what happened – except that there was a big twist at the end.

One of the car’s that was being auctioned off at the event was a 2008 Bugatti Veyron with ‘only’ 11,800 miles on it. Surprisingly, the car was struggling to attract the high-end bidders from touching it with a 10-foot pole and a car that normally scoops up $1 million easy, was won by a man who made a bid of around $700,000. Lucky fellow? Not quite.

Continued after the jump.

After his “winning” bid, the man immediately rescinded his bet, at first saying that he never made the bid and then changing his tune afterward by telling the organizers that he was “only trying to help”. Needless to say, the organizers were none too pleased with the faux bidder, stripping him of his bidder credentials and booting him out of the premises immediately.

Barrett-Jackson CEO Craig Jackson immediately stepped up and bought the Veyron himself to avoid one heck of a PR catastrophe for the auction house. But his ownership of the supercar turned out to be short-lived as soon afterward, a buyer who saw the events unfold on TV called the event and informed the organizers that he was still interested in making the purchase for the Veyron. Wow.

Whoever said that auctions are for boring old folks with too much money and time on their hands?

Source: Speed TV

What do you think?
Show Comments


  (206) posted on 09.28.2010

And if you go back and read my comments you will see they are full of facts to prove my points. And I have proved you wrong before. I showed your lack of knowledge of cars. (see 10 best no-limit supercars)

Sorry I do my research and actually know how to drive.

  (206) posted on 09.28.2010

Have I driven many 4000+lb cars? Have I driven overweight sports cars? Have I driven light weight cars? Have I driven AWD and RWD back to back? Have I driven cars with a manual vs sequential? Have I driven cars with tc vs cars without? Have I driven cars with power steering and without?

The answer to all those is yes. I know what is fun to drive and what is not. Everything the Veyron is is exactly what takes fun out of driving a car. But you wouldn’t know that. You read about cars and know nothing about driving.

You also know nothing about marketing and magazines. Where do magazines get their biggest income? Car ads. Who pays the ads? The brands that get good reviews. Reviewers want to write reviews to make money. They write to please the advertisers and write what people want to hear.

  (25) posted on 09.28.2010

And once again, like the 77 comments you’ve made previously, you prove your incompetence. Have driven the Bugatti? Do you have any first hand experience on how boring it is? Automotive journalists love this machine and it will go down in history as one of the most iconic cars of all time.

  (206) posted on 09.28.2010

Because no one wants one. All the people who have owned them realize they are boring to drive. You only get it if you have no penis and want to show off your money. Just a status symbol.

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