535 vehicles were abandoned in the aftermath of Hurricane Sandy, so the city of New York has decided to auction them all off. The price range is pretty vast, however, despite the fact that some are damaged beyond repair.
“We’ve sold one as low as $300 and we had one above $10,000,” said auctioneer Richard Maltz. “Just because a vehicle is titled as flood-damaged doesn’t mean it’s inoperable.”
About 125 cars have been auctioned off so far, with two more auctions set for May 2nd and May 7th at David Maltz & Co., 39 Windsor Place in Central Islip, LI.
All the money raised by the sales goes into the city’s coffers, except for a 10 percent buyer’s premium, which goes to the auctioneer.