Dwayne Lynnway is bidding on a car and a truck with a combined value of $150 million.
The Baja auctioneer said the cars, trucks and other vehicles are in need of repairs and would need the help of private equity to complete them.
The bidding has been on for weeks, but Lynnways team decided to take the bidding public this week.
The bid was announced on the Baja Auto Auction website on Monday.
Baja Auto is a major auction house for new and used cars, with a total of $6 billion in sales and over $100 million in cash advances to help pay for repairs.
The auction house said it has $20 million in deposits, and expects to start selling the cars next week.
Bidding started Thursday, and ended Friday with a bid of $75,000.
The Baja Autos auction house told the Associated Press that the auction was the largest auto auction in the state’s history.
The cars, truck and other items are worth about $80,000 each.