Here’s an unfortunate set of circumstances for one auction buyer.
According to a report published by Jalopnik, done by a lawyer of 23 years, Isaac Pardoe bid, and won, a very rare 1967 C2 Corvette back in 2011. The significance of the car wasn’t detailed, but his final selling price reached $68,500. That’s not chump change in the slightest. Almost immediately after the bid, a fellow attendee notified the man his “1967” Corvette was really a 1964 Corvette with modifications to appear as a 1967 model.
According to the article, there are two ways to approach this information. The first being Mecum (the auctioneer) is at fault for allowing this kind of vehicle to pass an inspection and be sold with faulty information. The second being the buyer should have done some basic research to see if the VIN matched on the vehicle.
We see both sides but, regardless, the way Mecum has handled the situation has been a tad disconcerting. According to the story, Mecum wanted nothing to do with his Corvette problems, and demanded payment for the car. Payment was received and, five months later, the car and the title was delivered. Except, the title didn’t come from Mecum or the previous owner.
Apparently, the title was shuffled around to keep Mecum’s name far and clear of the car, coming from “Billy Bob’s Fast Expensive Cars.”
Now, Pardoe has tried to sue Mecum, but legalities have nearly thrown his lawsuit out. As a bidder, documents were signed agreeing to purchase a vehicle “as-is,” with another statement saying he was to not “rely” on anything the auctioneer said.