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Auctions: Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video]

Filed under: Aftermarket, Videos, Ferrari

2011 Ferrari 458 Italia with Vossen Wheels front three-quarter

Rule number one of modifying a car: When it comes time to sell, people want to pay for the car, and could care less how much you spent in the aftermarket. This is a lesson that the guys at Latitude Wheels in Miami are currently learning.

The wheel company’s “flagship show car,” a 2011 Ferrari 458 Italia was put up for sale on eBay weeks ago, as reported by Jalopnik. The price? Just a shade under $1.3 million. For a 458 Italia. That normally starts around $230,000. Yeah.

Latitude justifies the car’s price based on a very expensive set of wheels. To be exact, the 21-inch fronts and 22-inch rears are forged Vossen Precision Series wheels. Mounted on Pirelli rubber, Latitude claims the package is worth over $1 million. Add onto that the $20,000 in Novitec Rosso carbon fiber pieces – none of the fun, performance stuff Novitec is known for – and you come to an eBay starting price of $1,290,000.

The auction closed on Wednesday night, without so much as a bid. Check out the promotional video Vossen put together below.

Continue reading Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video]

Ferrari 458 with $1M wheels still hasn’t found a buyer [w/video] originally appeared on Autoblog on Sat, 27 Jul 2013 13:15:00 EST. Please see our terms for use of feeds.

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Video: Barrett-Jackson buyer reneges on $700,000 Bugatti Veyron purchase

Filed under: Performance, Auctions, Videos, Bugatti, Luxury

2008 Bugatti Veyron at Barrett-Jackson Las Vegas – Click above to watch the video

It’s not very often you see a Bugatti Veyron going up for auction…especially at Barrett-Jackson. Perhaps better known for their muscle cars and classics, the occasional late-model sportscar will sometimes pop up, but we can’t ever remember a Veyron crossing the block. Well, on Saturday night, a 2008 Bugatti Veyron with 11,800 miles on the clock did indeed cross the block at B-J…but things didn’t go quite as planned.

The one-time fastest production car on the planet (it’s been trumped by Bugatti’s own Super Sport) might have sold for over $1.8 million new, but was struggling to break the 1 mil mark in Vegas. Heck, it barely got to $700,000. Now, that’s still a lot of money for a car, but it should have brought much more – we’ve never heard of a non-wrecked example going for anywhere near that little. In the end, the Bug went to a guy seated near the stage who outbid a couple of phone bidders – but that’s when it got weird.

Saying that he hadn’t actually bid and then that he was only trying to help, the would-be buyer rescinded his bid… and was promptly escorted from the premises. Barrett-Jackson didn’t want to lose any credibility – so CEO Craig Jackson stepped up and bought the car himself. Just as he was announcing what had happened, he got a phone call from one of the other phone bidders who was saying he’d take the car off Craig’s hands. Quite the little soap opera, but good theater nonetheless. Follow the jump to see the video and take a look at the gallery below as well. Hat tip to Larry!

Gallery: 2008 Bugatti Veyron at Barrett-Jackson Las Vegas

[Sources: Speed TV, Barrett-Jackson]

Continue reading Video: Barrett-Jackson buyer reneges on $700,000 Bugatti Veyron purchase

Video: Barrett-Jackson buyer reneges on $700,000 Bugatti Veyron purchase originally appeared on Autoblog on Mon, 27 Sep 2010 19:29:00 EST. Please see our terms for use of feeds.

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Video: Man sells GT500 raffle ticket, watches buyer win car moments later

Filed under: Etc., Videos, Humor

Epic blunder at QuakeCon

Raffle ticket regret at QuakeCon 2010 – Click above to watch video after the jump

QuakeCon is an annual pilgrimage for gamers held near Dallas, Texas. Dubbed the Woodstock of gaming, QuakeCon’s motto is “4 Days of Peace, Love and Rockets.” At least one of this year’s attendees won’t be feeling so peaceful, though. QuakeCon sponsor Ventrilo held a raffle for the chance to win a 2011 Ford Shelby GT500 (two were up for grabs at the con). 100 tickets were awarded to attendees who won various tournaments and contests during the four-day fest.

One of said ticket holders was approached by another attendee a few minutes before the car drawing. For $200, he handed over his raffle ticket. It probably seemed like a great deal at the time. After all, it’s easy money, and it’s not as if he stood a chance of actually winning, right? Minutes later, the seller watched as the ticket he pawned off turned into a brand new Shelby GT500. But hey, at least he got a couple hundred bucks out of the deal – along with a story to tell and a heap of regrets. Bonus: everything is on video, including the fateful transaction. Follow the jump to see how it all unfolded. Thanks for the tip, Sean!

[Source: Vimeo]

Continue reading Video: Man sells GT500 raffle ticket, watches buyer win car moments later

Video: Man sells GT500 raffle ticket, watches buyer win car moments later originally appeared on Autoblog on Sat, 21 Aug 2010 18:06:00 EST. Please see our terms for use of feeds.

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