and put a “For Sale” sign on it. A fool and his money . . .
In a July 6 lawsuit, Bellevue, Wash., resident Todd Lozier claims RM Auctions and Monterey Auction Co. misrepresented the 1968 Shelby GT500 KR fastback when it was placed up for auction at the Monterey Conference Center Aug. 14, 2009.
Lozier contends the car is worth between $30,000 and $50,000 less than he paid for it. The engine block, transmission and other parts were not properly date-code stamped and rather bear dates “that prove they are not original and do not belong on this vehicle,” Lozier’s lawsuit says.
If this fool was willing to part with $100,000 on an old car, why didn’t he get a CarFax or something. Pay a mechanic to look at it. Heck get an uncle that knows more about cars than the car crazy rich guy does. I side with the auction house on this one.