HiBid.com Hosting Auction for Rare Vehicles Seized from DC Solar Ponzi Scheme that Allegedly Ensnared Berkshire Hathaway
OCALA, Fla., Oct. 9, 2019 /PRNewswire/ — HiBid.com is hosting an online auction for 149 classic muscle cars, trucks, luxury cars, and antique vehicles seized by the United States Marshals Service in its investigation of Martinez, California, company DC Solar, accused of running an $800+ million (USD) Ponzi-style scheme. Warren Buffet’s Berkshire Hathaway Inc. was reported to be an investor in DC Solar and a victim of the company’s sprawling scheme. The collection of desirable and rare automobiles, valued at more than $6 million USD, is being sold on reserve by Apple Auctioneering Company.
The live/online simulcast sale will be held Saturday, October 26th, 2019 in Woodland, California, near Sacramento. The gates will open at 7 a.m. PDT, with live bidding starting at 9 a.m. PDT (12 p.m. EDT). Buyers interested in submitting bids through the online auction platform can view all available assets on Apple Auctioneering Co.’s auction page.
2018 Dodge Challenger SRT Demon
2018 Prevost Featherlite H3-45
2017 Cadillac CTS-V
2012 Jaguar XKR
1970 Plymouth Road Runner
1967 Ford Mustang GT500 SE
1965 Ford Mustang Cobra
1940 Cadillac Sedan deVille
1930 Cord L-29 Brougham
Bidders are invited to preview the cars Thursday, October 24th and Friday, October 25th from 8 a.m. to 4 p.m. PDT.
About HiBid & Auction Flex
Auction Flex is the market leader in auction software for live auctions, with capabilities that include cataloging, clerking, cashiering, accounting, mailing list management, inventory management, multi-parcel, and more. Auction Flex provides a seamless solution that enables auction houses to upload auction catalogs online and accept internet absentee bids, conduct internet-only auctions, or offer webcast live internet bidding through its integrated web service and internet bidding solution—HiBid (both a private-label solution and a portal). Auction Flex and HiBid were built from the ground up to function together seamlessly.
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SOURCE HiBid & Auction Flex