So, let me see if I've got this right. Hypothetically , you are a rich car collector, and you need a break on your taxes. So you donate a 100k car to a very worthy, very popular charity, to be auctioned off at a Big auction event.
Since it is a popular charity, someone who also could use a tax deduction, buys the car for 300k.
So, you claim a 300k deduction (that's what it sold for!), the buyer gets it appraised for a hun k, and claims a 200k donation to the charity, and the tax deduction, and gets to keep his 100k car, and the auction company who so publicly waived their fees, takes a deduction on their taxes for the fees on a 300k that they donated.
Am I a cynic, or do I have this right?