Former Trump Ferrari Sells At High Price but Still Underperforms at Auction This Week

Say what you want about new United States President Donald Trump, but the Man With the One Red Tie sure knows how to make an impression.  Whether his brands are doing swimmingly well or his casinos are tragically failing, all news is, apparently, good news to the author of “The Art of the Deal.”

Take, for example, the recent sale of a Ferrari he once owned.  Donald Trump bought the bright, cherry-red luxury automobile, brand new, roughly 10 years ago and logged only 4,000 km (2,400 miles) before selling it to its next owner about 4 years later.  The next owner, who continues to remain anonymous, bought the vehicle in 2011 and added another 10,000 km (approximately 4,000 miles) before choosing to put it back onto the auction block, this week.

Last week, Donald Trump had brought the car to a convention center about 50 km (30 miles) to the North of Miami, in Fort Lauderdale.  Car buffs and speculative buyers and Donald Trump supporters alike all turned out to take a look at one of the most famous motor vehicles in the world.

According to the auction’s website, “To see a former or current President’s personal vehicle offered for sale is extremely rare. It’s highly likely Donald Trump is the only United States President to ever own a Supercar.”

Then, this week, 2007 Ferrari F430 coupe sold for $240,000. This might seem like a high number—in terms of average retail value of the car—as well as a low number—in terms of Trump’s definite celebrity status and notoriety—and both appear to be accurate, in this case.

It is quite important to note, however, that this is quite a hefty price, adjusted for celebrity tax.  Auctions America spokesman Amy Christie warrants, “Similar versions of the model without the celebrity provenance traditionally bring in between US$125,000 and US$175,000, depending on mileage, condition and optional equipment.”

Obviously, Donald Trump’s persistent celebrity status and now polarizing political standoffs make anything he does—and sells—far more interesting—and valuable—as is certainly the case, here.   However, the estimated auction price for the car was actually $250,000, just a little more than the price for which the car actually sold.

Regardless of the status and the sale, both the first buyer (who is now the seller, in this case), as well as the new buyer remain anonymous.

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