I posted the other day about denying Shane the above car that was for sale on eBay. I thought buying a 36-year-old car was a little crazy. It is a 1975 Volvo 245. Shane said cars like this are rare in such good condition. He went on and on about what a great deal it would be. I finally caved and told him I would not object to him getting it. It might even be fun driving it from San Diego to our home in Florida.
Anyway, last night the car had gone from a starting bid of only $500 to about $5,200. Shane thought it would sell for about $7,500, but he would just try and get it for $5,700. I told him that it didn't make any sense to bid until the very last minute, but he thought we'd put in the minimum bid to see if the high bidder would automatically outbid him. He tried a bid only $100 higher and it was outbid. He tried another hundred and his limit of $5,700 was quickly reached.
He finally decided that the maximum he was willing to pay was $7,000, which he agreed to wait to put in at the last minute. With 30 seconds before the end of the auction, we bid $7,111 (I threw in a few extra bucks just in case), but sadly it was not enough. In the last seconds, there were two other bidders and the winning bid was $9,330. At least he can't blame me for not trying.
