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Tanks For the Memory: Armored Vehicles Go Under the Hammer

Talk about playing soldiers. What billionaire wouldn't like his own fleet of tanks? As part of an auction of military gear Friday and Saturday, Auctions America is selling more than a half dozen tanks, along with armored vehicles, Scud missile launchers and high-powered guns. The items are no longer "serviceable," which means they can't actually fire. The collection was once owned by the late Jacques Littlefield, who founded the Military Vehicle Technology Foundation, which housed the collection. Part of the collection is being sold in 200 lots. The top lot is a German World War II Panzerkampfwagen IV, or Panzer, which was bought by Syria in the 1950s and captured by the Israelis during the Six Day War in 1967. The pre-auction price was estimated at $2.4 million to $2.6 million. Or how about a good old American Sherman M4A2 (76) HVSS tank? They saw action in World War II and several were sent to the Soviet Union under Lend-Lease programs. It can be yours for $350,000 to $450,000.

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Robert Frank, CNBC.com