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November 21, 2009
Man accidentally sells yacht for €22.50 in online auction
Published: 10 Oct 08 11:52 CET
Online: http://www.thelocal.de/society/20081010-14813.html
A Cologne court has ruled that a German man who accidentally sold his small yacht for €22.50 in an online auction will have to go through with the transaction.
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The seller from Porz tried to retract the boat from auction on the site, citing “technical problems” and “errors” on the website, but his claims didn’t float at the Cologne higher regional court.
“The standard laws of business transactions also apply to internet auctions,” Nolte said. “Now the seller must make good on his offer. He can’t say after the fact that he didn’t want to sell.”
Otherwise the seller will have to pay the buyer €12,000 in damages for the failed auction on the site AllesAuktion.de.
The case was conducted in writing, and the court ruled against the seller on September 3, though results were only released on Thursday.
The court ruling once again strengthens the rights of internet auction buyers, Nolte said, explaining there have been several similar cases in recent years.
"I remember a similar case that involved an tractor that should have been auctioned for a minimum of €60,000, but went for €51 when the owner forgot to set a minimum bid," Nolte said. "The bidder won the court case in this instance too."
Kristen Allen (kristen.allen@thelocal.de)
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