Sorry!! The article you are trying to read is not available now.

What 2005 Chrysler Could Possibly Be Worth $1 Million?

Print comment Post Comments

It’s not a typo or a joke, says the eBay (EBAY) listing of a 2005 Chrysler 300C with a starting bid of $1 million. So why is this particular sedan -- one that’s fully loaded with a navigation system, sunroof, leather interior, and has a Kelley Blue Book value of $19,142 -- getting a five thousand percent markup?

It has a little something to do with the guy who used to be behind its wheel and gave it that future-leader-of-the-free-world smell.

According to the car’s original Illinois title, then-US Senator and presidential candidate Barack H. Obama began leasing the Chrysler in July 2004 at mile number two. Over the course of three years, Obama added just 19,000 more to the vehicle’s 5.7-liter Hemi V8 engine before the environmentalist backlash during his campaign forced him to trade it in for a less carbon footprint-heavy 2007 Ford (F) Escape Hybrid.

“I'm sure many of [the 19,000 miles] were highway miles back & forth from Chicago to Springfield since Barack was an Illinois State Senator during 2004,” reads the listing. “He won election to the U.S. Senate in November of 2004 and perhaps drove the car in Washington D.C. and back to Chicago in 2005 & 2006.”

Professional eBay car seller Lisa Czibor, who’s behind the 300C auction listing on behalf of the car’s anonymous owner, doesn’t find the asking price unreasonable. She gladly points skeptics to Pope John Paul II’s 1975 Ford Escort GL that fetched $690,000 at auction, a 1999 Volkswagen driven by current Pope Benedict's driver that sold for $244,000, the £1.5 million a bidder paid for Mahmoud Ahmadinejad’s 1977 Peugeot, or the Russian billionaire that dropped $8.3 million for Adolf Hitler's swastika-adorned convertible blue Mercedes.

And let’s not forget the "boss" 1989 Chrysler LeBaron that belonged to Jon Voight.

What seems to elude Czibor’s celebrity car auction memory is the 2000 Jeep Grand Cherokee, also once owned by President Obama, that went for just $26,437 in May 2010.

So far, the 300C doesn’t have any takers but experienced bidders usually wait until last minute -- in this case, two days and nine hours -- to make their bids.
POSITION:  No positions in stocks mentioned.