What did you report? He may be renovating, the exotic cars may all be financed while they devalue. He states that the car has been written off. The only thing disputable is that he says it can be upgraded to a 75 from being a 60. Anyone who buys it will be in the same position as he was when he bought it at auction - buyer beware, except there may be some recourse if they have bought it where the offer was deceptive, misleading or not as represented.