Anyone looking to pick up a car or 2 at auction?

A buddy of mine was in the jury for this scumbag in Virginia. Byron Keith Brown who was involved in a ponzi scheme. He collected a bunch of cars real quick. He got a 15 year sentence.

Here is the list of cars up for auction


February 14, 2011 07:00 AM Eastern Time
Luxury Vehicle Auction: U.S. Department of Treasury Seized & Forfeited General Property Program

ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation, in conjunction with Manheim Corporation, will conduct a Public Auction of seized and forfeited luxury vehicles formerly owned by Byron Keith Brown of Vienna, VA and Ellicott City, MD.

The auction will be conducted on behalf of the U.S. Department of the Treasury at 1 p.m. on Tuesday, March 1, at the Manheim Baltimore-Washington location, 7120 Dorsey Run Road, Elkridge, MD, 21075. The general public may preview the vehicles at this location, Monday, February 28, from 1 p.m. until 4 p.m. Previews are open to the media.

Brown acquired the luxury vehicles being auctioned through his involvement in an online ponzi scheme through which he fraudulently obtained over $17 million from online investors. These vehicles were seized from him as part of an investigation by IRS – Criminal Investigation and the prosecution of the case by the U.S. Attorney’s Office. Byron Keith Brown was sentenced on December 21, 2010 to 15 years in prison, followed by three years of supervised release for wire fraud and money laundering.

The auction will include the following vehicles:

2007 Lamborghini Murcielago
2006 Aston Martin
2005 Rolls Royce Phantom
2002 Ferrari 360
2004 Mercedes Benz Maybach 57
2008 Maserati Gran Turismo
2007 Jaguar XKR CPE
2004 Bentley Continental
2006 Land Rover
2005 Land Rover Range Rover
1936 Auburn Speedster
2006 Mercedes Benz S500
2004 Audi AA8
2007 BMW 3 Series
2005 BMW 7 Series
2005 GMC Canyon
2005 Volkswagen Beetle
Proceeds from the auction will be placed in the U.S. Treasury's Asset Forfeiture Fund. The net proceeds derived from the assets sold will be available as restitution to the victims of Byron Keith Brown’s crimes.

For a list of items and photographs of the vehicles, and for Auction Terms of Sale, please visit the U.S. Treasury website at U.S. Treasury -General Property Auctions - Treasury Executive Office of Assets Forfeiture (TEOAF). For more information about this auction please call the Auction line at 1-888-534-2828.

Permalink: Luxury Vehicle Auction: U.S. Department of Treasury Seized & Forfeited General Property Program | Business Wire

link to cars

http://www.manheimgovservices.com/mags/control/magsSaleVehicleList?auctionID=BWAE&saleDate=20110301&saleYear=2011&saleNumber=9&consignor=VSE&timestamp=02%2F04%2F2011+08%3A12+AM&header=consignor&sortDirection=asc

 

Any idea on what the 360 will go for ??

 

The bug sounds awesome. LOL

 

This guy had horrible taste in wheels... wow.

 

+1 seriously!

 

^^^Agreed.

Terrible terrible terrible rims. Ruins the cars completely.

 

LOL fake Auburn Speedster kit car being portrayed as the real deal.

 

Do you need a dealer license for the government auctions?

 

You do not need a dealer license to purchase from a govt auction. They are open to the public. However, you would need to register to bid prior to the sale starting. There will be dealers there bidding along with a ton of regular joes, so the prices will most likely exceed normal aucton prices. The risks associated with buying essentially as-is vehicles does not outweigh the dollars saved IMHO.

Sent from my DROIDX

 

Looks like some white-collar crook got what he deserved and now his small car collection is up for auction in Ellicott City, might be a good time to get something at a bargain price. Most of the cars look to be in good condition despite some poor wheel selections.

Anyhow, autoblog is to credit for the heads up:

http://www.autoblog.com/2011/02/28/ponzi-schemers-exotic-car-collection-being-auctioned-by-feds-on/

and you can go here if you dont care about the article above to see the car list with pictures and details:

http://www.manheimgovservices.com/mags/control/magsSaleVehicleList?auctionID=BWAE&saleDate=20110301&saleYear=2011&saleNumber=9&consignor=VSE&timestamp=02/04/2011+08:12+AM&header=consignor&sortDirection=asc

Car List:
2004 Bentley Continental Coupe GT
2007 Jaguar XKR Coupe
2002 Ferrari 360 Spider
2005 Rolls Royce Phantom
2006 Aston Martin DB9 convertible
2004 Maybach 57
2007 Lamborghini Murcielago Roadster
2008 Maserati Grantourismo coupe
1932 Auburn Speedster
2006 Land Rover Ranger Rover Sport S/C
2005 Land Rover Ranger Rover HSE
2006 Mercedes CLS
2004 Audi A8L
2005 BMW 745
2007 BMW 328 coupe
2005 GMC Canyon 4x4 Crew Cab
2005 VW Beetle Convertible

 

repost

http://www.ferrarichat.com/forum/showthread.php?t=313944

 

dibs on the beetle convertible!!!

 

Baltimore Sun reports that the 360 Spider went for $100K. Not much of a bargain. Murci went for $210.

Anyone have access to auction results to see the rest? I can not get to results on the Manheim site.

Brendan - did you get that Beetle?

 

He needs a beetle like I need a headache.

MB

 

Here is the Post Sale Results from Tuesday! It was an interesting auction.

2007 LAMBORGHIN MURCIELAGO 12G 2DCV A PS PB AC RT AWD 4,532 YELL $209,000
2005 ROLLS-ROYC PHANTOM 12G 4DSN A PS PB AC SR 6,999 BLACK $160,000
2004 MERCEDES 57 12G 4DSN A PS PB AC SR 25,398 SILVER $105,000
2002 FERRARI 360 SPIDER 8G 2DCV A PS PB AC CV 4X2 15,910 RED $100,000
2006 ASTON MART DB9 12G 2DCV A PS PB AC CV 4X2 12,466 BLACK $83,500
2008 MASERATI GRANTOURISMO 8G 2DCP A PS PB AC HT 4X2 3,205 YELLOW $82,000
2004 BENTLEY CONTINENT GT 12G 2DCP A PS PB AC HT 37,813 BLUE $70,000
1936 AUBURN SPEEDSTER 4G 2DSN A PS AC CV 4X2 7,756 WHITE $51,000
2007 JAGUAR XKR 8G 2DCP A PS PB AC HT 4X2 11,256 BURG $47,000
2006 LAND ROVER ROVER SPTS/C 8G 4CUV A PS PB AC SR 4X4 27,110 COPPER $36,250

 

Thanks for the final info

 

Great, thanks! But what about Brendan's Beetle?

 

Manhiem Baltimore has its regular Tuesday sales, and many vehicles sold. It was hard and pull every single car, and I assumed you guys didn't really care for the other regular cars like the S, or Range rover etc... I pulled out the majors for you, if anyone is really interested I can pull the other cars as well. I had missed the Auburn, and per your request is also the Beetle lol.

1936 AUBURN SPEEDSTER WHITE 2 4 GAS A 4X2 CD CV L 7,756 $51,000
2005 VW BEETLE GLS 2.0L CV RED 2 4 GAS A 4X2 Y CD CV L 37,395 $10,800

 

It's a nice looking Replicar/Tribute from this company: http://www.speedstermotorcar.com/

 

Doesn't look like there were any major bargains in those cars.
Why is it most auctions like this end up bidding the cars up to almost retail prices?

An old saying I heard about auctions is "the only person in the room that doesn't think the final bid was over-priced is the final bidder".

 

A good percentage of high end vehicles sold at auction have buyers already lined up. The dealer/wholesaler buys it, tacks on a few grand and cuts it loose. Percentage wise, there is MUCH more of a wholesale-retail gap on cheaper cars.

Sent from my DROIDX

 

Treasury does this on Purpose. They hold it at very busy Auctions such as Manhiem on their HighLine Days, so the cars get the maximum amount of attention and receive high price. This way, when the collection is received, they can distribute it to the victims so they receive the most amount of money.

These cars, or any cars, are treated as normal Inventory at Manhiem. On Tuesdays, there is already thousands of dealers ready to buy cars, so these extra cars come in as extra inventory. None of the public people bought anything, it was simply all the dealers around the USA bidding them up and snatching them.

The only Public I'd suggest regular people go, is places where it's not being held at Manhiem, or Adesa. The less people bidding, the better the results. I'm glad the prices bid high, now the victims will receive more on their dollar. BTW, no one wants to buy a Fu*ked carfax Exotic. All these cars have Reposed Titles and Carfaxes now. So even if you got them at a bargain, you'd never be able to sell them.