Challenger Mania Hits EBay

by Frank Williams

February 25th, 2008 9:36 AM

On eBay, the old saw "a fool and his money are soon parted" rings true every day. The latest: Challenger mania. Proving that some people have more money than sense, a Challenger 2008 SRT8 Tribute Ballcap sold for $152.50. A 24" x 36" Challenger poster is going for $70 and the bidding on a brochure is starting at $100. A press kit from the Chicago Auto Show is up to $160. It's the actual cars where things get really freaky. There are several dealers trying to auction them starting in the mid $50k range. The craziest one, though, is the deal that closed out at $228,143.43. What made it so special? It's painted "legendary B5 Blue, honoring racing legend Richard Petty" (who, to the best of my knowledge, never drove a Challenger) and comes with a "custom #43 Richard Petty Designed Decal Package."

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4 of 19 comments

Frank Williams on Feb 25, 2008
roberthelfrick Though I am not a tax professional, and this in no way constitutes advice, I believe that the MSRP of the car and the purchase value of the air tickets and attendant benefits are not tax deductible; any overage which is benefitting the charity (presuming tax exempt status) is deductible. So they get a Challenger at list and a huge tax deduction. Sweet!

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BabyM on Feb 25, 2008
So does this mean the buyer can take it off his taxes? To the extent that he paid more than the fair market value of the merchandise, the answer is yes.

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Windswords on Feb 25, 2008

SherbornSean : February 25th, 2008 at 11:56 am Too many old white men with too much money... You're right. We should get the government to take it from them before they spend again.

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on Feb 25, 2008

Brendon from Canada: I'm thinking more in terms of the on-line auctions being run by dealers and the auctioning of posters, hats, etc. where there is no tax exempt donation involved.

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