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Obama's Old Car Fails To Sell On eBay: $1 Million Asking Price Too High?

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Tim O'Boyle was selling this Chrysler 300C sedan for $1 million on eBay, mainly because it once belonged to President Barack Obama.
Tim O'Boyle was selling this Chrysler 300C sedan for $1 million on eBay, mainly because it once belonged to President Barack Obama.

An Illinois man who listed President Obama's old Chrysler 300C on eBay for $1 million came up short this week -- as his auction ended without a single bidder.

As The Huffington Post reported earlier this week, Tim O'Boyle, listed the 2005 sedan on eBay hoping to hit the jackpot when the auction ended Wednesday night.

Lisa Czibor, who was conducting the auction for O'Boyle, told the Chicago Tribune that the owner wants to relist the car in a few months -- when the presidential election nears.

"We're trying to talk him into rerunning it now and making some changes to (the listing)," Czibor told the paper. "Lowering the price, and contacting Obama to find out if there's a charity he'd like us to donate some of the profits to."

The current Kelley Blue Book value of the car is around $14,346. According to the listing, Obama put 19,000 miles on the car. He later traded it in for a more fuel efficient Ford Escape Hybrid.

Brian Chanes, an expert on historical artifacts with Profiles In History, told HuffPost's David Moye that the seller could get more money for the car if some of the cash went to charity.

"I'd say $100,000 is a fairer bet if the person selling it hopes to profit," Chanes said. "If all the proceeds were going to charity, people are more liberal about throwing money at something."

Around the Web

Barack Obama's old car receives no bids on eBay - chicagotribune ...

Obama's old car on eBay for $1M - WGN

Obama's old car up for sale on eBay for $1 million - NY Daily News

Obama's Old Car on eBay for Mere Million

President Obama's car for sale on eBay: Is M bid too much? | Nation ...

Obama's old car listed on eBay for HOW much?! | HLNtv.com