A Ferrari F430 Coupe sports car once owned by U.S. President Donald Trump was sold at auction for a record $270,000 over the weekend.
The 2007 Ferrari F430 Coupe initially under performed at the Florida auction, attracting a $245,000 top bid that fell short of the minimum required for a sale, CNN Money reports.
A Ferrari F430 owned by US president Donald J. Trump in 2007 is exhibited by Autcions America in Fort Lauderdale, Florida on March 31, 2017.
/ AFP PHOTO / Leila MACOR / TO GO WITH AFP STORY BY LEILA MACOR (Photo credit should read LEILA MACOR/AFP/Getty Images)
An unknown buyer offered $270,000 for the Ferrari, after it left the podium. According to Hagerty Insurance that is the most anyone has paid at auction for an F430 Coupe with automatic transmission.
While similar versions of the model generally sell for $125,000 to $175,000, auctioneer Auctions America said it expected Trump’s Ferrari to bring between $250,000 and $350,000 due to its brush with celebrity.
Trump owned the vehicle for just over four years before selling it in 2011 to its second owner, who subsequently put the car on the auction block.
