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Article: New York Investment Banker Plans to File Suit over Ferrari Purchased on eBay.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 25, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Terry Rombeck, Journal-World, Lawrence, Kan. Knight Ridder/Tribune Business News
May 25--Marc Salant was a 23-year-old New York City investment banker who wanted to celebrate his success by buying a sports car.
He tracked down the car of his dreams on eBay, the Internet auction service. It was a white 1991 Ferrari 348TS with 7,000 miles.
In January 2000, Salant came to Lawrence, where the car's owner worked and lived. Salant paid $47,500 for the car.
What's happened since, Salant said, has been a "nightmare."
The trouble started on the way back to Salant's New Jersey home, when the Ferrari broke down in Columbia, Mo. A ...