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Man Accidentally Sells Yacht for $38 in Online Auction

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German courts ruled that a man who accidentally sold his yacht for €22.50 (that's about $38) in an online auction must go through with the transaction, according to reports released on Thursday. The owner of the five figure yacht neglected to set a minimum bid when he registered the boat. The man claimed "technical problems" and "errors" after he realized his mistake. "The standard laws of business transactions also apply to Internet auctions," court spokesman Hubertus Nolte said. "Now the seller must make good on his offer. He can't say after the fact that he didn't want to sell."

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6 comments so far | Post a comment now
Natalie October 11, 2008, 8:45 AM

That sucks!

ashley October 11, 2008, 8:52 AM

That’s not fair. He made a mistake. People do. He needs to file an appeal.

Stef October 11, 2008, 8:12 PM

OH CRAP!!!!!!

Porttack October 22, 2008, 8:02 AM

This would be the inverse of ‘Buyer beware’.

Felix April 26, 2009, 9:43 PM

That is a ridiculous ruling. Clearly it was an error and so obvious that it is one.

Anonymous May 13, 2009, 3:28 PM

Maybe the judge is the new owners friend and thew will be sailing together ??? LOL !1

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