Steve -- Thanx for your post on the VA Beach auction. I went to a Goodwill auction in DC a few years ago, got carried away and bought a Jaguar at about fair market price. As the story turned out-- It belonged to the wife of a Pentagon general. She had treated it like a Chevrolet. When the techs told her it required $2000 to catch up on 'deferred maintenance' the general gave it to Goodwill and took a charitable deduction. It had a list of deficiencies as long as your arm. Even though it looked great, it would have been a rotten purchase at the price -- except that I was contributing to a worthy charity! Bottom line: you are absolutely RIGHT to walk from any auction offerings where you don't have plenty of allowance for fixing the problems that are almost certain to be there -- unless you view your higher bid as a charitable contribution. Tax experts on the List may comment on this. Good luck at future auctions. If you [and other List friends] are interested, the Davis Memorial Goodwill in DC on South Dakota Av should have their large annual foreign/specialty auction coming up soon. They generally have several Vanagons in the line-up. You can get on their mailing list by phoning them directly. Glenn Queenstown, Maryland =============REF============== Date: Fri, 14 Apr 2000 15:38:55 -0400 From: Hajasz <hajasz@EARTHLINK.NET> Subject: Vanagon Carat Auction at Salvation Army in Virginia Beach Forgot to tell the list, there is Vanagon up for auction tomorrow at Salvation Army, starting bid $1200......... |
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