Ferrari once owned by Trump sold at auction

MIAMI: A 10-year-old bright red Ferrari that belonged to President Donald Trump went on the block Saturday and sold for $270,000, auctioneers said.

Car lovers, conservative supporters and curiosity seekers admired the 2007 F430 coupe at a convention center in Fort Lauderdale 30 miles (50 kilometers) north of Miami, where a collection of exotic autos filled the lot of the auction house Auctions America, which specialises in classic and sports cars.

“Similar versions of the model without the celebrity provenance traditionally bring between $125,000 – $175,000 depending on mileage, condition and optional equipment,” said Auctions America spokeswoman Amy Christie.

She did not name the buyer.

Car lovers and Trump supporters had lined up to admire the 2007 F430 coupe at a convention center in Fort Lauderdale 30 miles (50 kilometers) north of Miami.

The real-estate billionaire bought the Ferrari new for use as his personal car and owned it for just over four years.

He drove the car 2,400 miles. The rest of its mileage — 6,000 miles — was clocked by its second and current owner, who bought the Ferrari in 2011 and also remains anonymous.

The Ferrari was expected was raise between $250,000 and $350,000, the auction house said. “It’s exciting,” visitor Russell DiPerna said. “President Donald Trump is obviously a world leader now.”

“It’s highly likely Donald Trump is the only United States president to ever own a supercar,” the auction house said in a statement.

“There is a big expectation of value for this car,” Auctions America specialist Barney Ruprecht said. “The fact that President Trump owned the car certainly adds significance in terms of ownership history.”