[woodbutcher1963]

EBAY needs to support the winner of this auction(HITMAN).
This is the essence of EBAY. Too bad for the dealership. Fire the employee who made the mistake. This is no different than an absolute real estate auction where the bank representative does not show up.
FYI, there was an Absolute auction in Lowell, MA for the WANG Towers back in 1992. The bank rep. did not show up for the auction. The three buildings sold for about $600k.
The buldings cost $7 million to build , were valued at over $5 million and the mortgage was $3 million. Needless to say the bank rep. was fired.

[Reeses]

The three buildings sold for about $600k. The buildings cost $7 million to build , were valued at over $5 million

I wonder how aggressively the government comes sniffing for the taxable income between the difference. If they don't then auctions can be used as a low tax method to transfer wealth.