Originally posted by zhead240

why put a deposit on an auction that's not over yet? u might not win it.

Several reasons:

1. The auction can be pulled by the seller at any time. (quite likely)

2. The buyer may be serious and willing enough to bump any competing bids. (quite likely)

3. Could be a B.S. statement (I seriously doubt this is the case)

I just got off the phone with Jim who talked to Burt this morning (Tuesday) Someone came to look at the car over the weekend, called his buyer on his cell phone, told him it was the real deal, and the bidding went up from there along with a conversation about the arrangements with the buyer's agent. This morning, Burt contracted seller's remorse, didn't know what to do and pulled the car. I haven't had a chance to talk to Burt myself, but evidently the car is not for sale - at the moment - at this time - for now - who knows. Stay tuned for further developments.