Premium Boston parking spaces sold at astronomical price

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June 13, 2013, 10:51 pm
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(NECN: Jennifer Eagan, Boston) - They aren’t more than a few hundred square feet altogether, but two parking spots in Boston's Back Bay behind a Commonwealth Avenue building went for a Ferrari-level price at auction Thursday.

The auction was run by the IRS. The spots were reportedly seized from a man who owed more than $600,000 in back taxes.

Betsey James entered the first bid at the auction. She says two bidders drove up the price in a back-and-forth scrap for the spots. She could hardly believe it when they settled on $560,000.

"I thought, 'Holy cats!'" said James. "That's a lot of money."

The highest bidder is a resident along Commonwealth Avenue, according to neighbors.

Tags: Boston, massachusetts, Jennifer Eagan, Back Bay, IRS, Internal Revenue Service, $560000
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