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Man Rejects $250,000 Offer For Antique Car on 'Buried Treasure' (VIDEO)

by Jason Hughes, posted Sep 15th 2011 4:00AM
'Buried Treasure'The Keno brothers wrapped the inaugural season of 'Buried Treasure' (Wed., 8PM ET on FOX) with a look at a rare classic car: A 1922 Mercer Raceabout. However, they were surprised by the reaction of the owner when he finds out how much someone would be willing to pay for it.

Particularly, because the Kenos brought in an antique cars dealer and he was ready to make an offer right then and there. When Joe, the car's owner, balked at $220,000, the dealer raised it to a quarter of a million dollars.

"I really don't think that's what I want," Joe said, later adding, "Not for that price."

Now, the same type of car recently sold for $238,000, which means Joe was getting a great offer, but he was still convinced it was worth more, despite his having replaced parts on it, which actually decreased the value.

And with medical bills piling up, the Kenos were sure he would take the offer, and in fact should take the offer. And yet, Joe was adamant in keeping the car, refusing to sell. Hopefully, he can come up with another way to pay those bills.

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rdz69

It just sold for 375,000.
So who was the fool????

Kenos missed it on this one....

May 13 2012 at 5:20 PM Report abuse rate up rate down Reply
matt1960

If you turn down 220.000 cash for a old car in your barn"YOU MIGHT BE A REDNECK"!!

September 21 2011 at 2:28 PM Report abuse rate up rate down Reply
lxixwithu

So, boys and girls (or Goys and burls) what do we learn from this? Joe is either a moron or he doesn't need the money.

September 21 2011 at 2:22 PM Report abuse rate up rate down Reply
cpicazo

you cant put a price on something that makes you happy or you enjoy. sure money is great but there is things that money just cant buy perhaps when this guy is driving it he forgets all his problems and just enjoys himself.i give him all the credit in the world his joy and love for the car was stronger then the value of a dollar.

September 18 2011 at 11:53 PM Report abuse rate up rate down Reply
Brett Sewell

I would list my car if I wanted to sell it or put it in an auction with reserve nobody will walk up to you and pay you more than it is worth or even proper value especially a dealer el stupido

September 18 2011 at 11:50 AM Report abuse rate up rate down Reply
Chickiepoo

Hey.....they can come to my house......

I've got a 1785 English Law Book....that I would certainly part with.

"Reports of Cases Argued and Determined in the High Court of
Chancery During the 25th Year of the Reign of His Present Majesty"......

That would be "King George"......

They could dig around in my house and have a BLAST.........LOL !!!

September 18 2011 at 8:24 AM Report abuse rate up rate down Reply
john boyle

I'm sorry but I have to say whoever puts these clips together might want to include a quick shot of what the **** they are talking about!?!?!
Just plain stupid.

September 18 2011 at 5:35 AM Report abuse rate up rate down Reply
monsterwax

Now what the darn thing get stolen after thieves see it on TV and he gets maybe $30K from insurance...

September 17 2011 at 10:33 PM Report abuse rate up rate down Reply
imbrandy

I really understand.! I have an 1983 Caddillac Coupe de Ville. With 54000 miles. Great leather seats. White hard top convertible. She drives like a dream. I have refused offers too ! But times have changed , I would welcome a decent offer now.

September 17 2011 at 9:15 PM Report abuse rate up rate down Reply
veemic

Those of you who have commented must never have seen this show. The Keno brothers are invited by the owners of the items to come to their homes and appraise the items to see if the items are worth enough $ to get them the money that they need for bills, college, etc.. The owners of the items are never pressured in any way to sell the items. The Kenos are doing the owners a favor to appraise the items for free in the first place. One couple needed $ to send thir son to medical school and one bronze bowl sitting on their coffee table turned out to be worth $100,000! The son will be attending med school.

September 17 2011 at 9:02 PM Report abuse rate up rate down Reply

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