Bidder Reneges on $700,000 Bugatti Veyron Purchase at Barrett-Jackson [video]

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Bidder Reneges on $700,000 Bugatti Veyron Purchase at Barrett-Jackson [video]

Barrett-Jackson’s recent Las Vegas auction took on near reality soap opera proportions when a high profile bid went south. The 2008 Bugatti Veyron shown above, arguably the most high profile car to cross the block, drummed up more than $700,000 in bids, but when the gavel came down, the ‘winning bidder’ backed out of the sale, leaving B-J on the hook for the $700,000 price. As a result the buyer was stripped of his bidding credentials and promptly escorted off the property.

“First, he said he didn’t bid, then he said he was ‘trying to help,’” said Craig Jackson, Chairman and CEO of B-J. “The bottom line is, he said he wouldn’t buy it and we booted him.”

With the sale gone south and no apparent other bids, Jackson ended up buying the car himself, but didn’t seem too take aback by the idea, making plans to add the car to his own collection and taking it for a spin around Sin City.

As for the mystery buyer, according to auction insiders he was just a nut who wanted to get himself on TV. What a way to do it. Click on the link below for the video

[Source: SpeedTV]

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