Yuvraj Singh car fails to get right price on eBay auction

Yuvraj Singh’s exploits on the cricket field may have attracted scores of fans but the star batsman has failed to find the desired price for his six-year old car in an auction aimed at generating funds for charity.

The bidding for his 2001-make Honda City car ended on Thursday night on the India website of world’s biggest online auction player eBay. As many as 88 bids were received with the highest bid coming at Rs 4.46 lakh.

Even though the highest bid was more than double the current market price for a six-year old used car of the same make, it was below the ‘reserve price’ set by the NGO that had been authorised to sell the car and collect the proceeds.

According to information available with eBay, a reserve price is the minimum price a seller is willing to accept for the item and the seller is not obligated to sell the item if the reserve price is not met. Once the reserve price is met, the item is sold to the highest bidder.

It was immediately not known whether the seller would initiate another auction to sell the car.

The bidding continued for ten days, starting October 16. It was a charity auction and proceeds was supposed to go to Bharmour Development Agency, an NGO working toward development of agriculture and local tribals in Bharmour region of Himachal Pradesh.

The car, which Singh had purchased in 2001 presumably with his first cricket income, attracted a bid of as high as Rs 49 lakh on October 22, but the bid was retracted later with the bidder saying the amount was entered wrongly, according to information available on the car’s auction page at eBay website.

agency