Auction Bike

[lars]

I'm meeting a private seller tomorrow for the second time. I've scheduled a mechanic to examine the bike and report on any problems. Provided he gives it a clean bill of health, I'm paying 1500 (2005 GZ250, 14k miles). However, when I checked the VIN through carfax, I found that it was sold at auction in 2011. Is this cause for concern? The owner says it had a clean title and will furnish it tomorrow.