Published On: Sun, Apr 2nd, 2017

Donald Trump’s Ferrari F430 F1 Coupe Disappoints at Florida Auction

Hours later, Auctions America announced Ferrari final sale price of $270,000: "we can confirm it exchanged hands just minutes after it left the podium"

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Donald Trump’s Ferrari F430 F1 Coupe

A 2007 Ferrari F430 F1 Coupe once owned by President Trump sells at auction at $240,000, $10,000 below the lowest estimation of $250,000 for Daytona-style seats and Scuderia crests on the fenders with yellow dials, a radio with a CD changer, and a carbon dash insert, which had been expected to take as much as $350,000.

Trump owned this vehicle for four years, but he did drive the car as little as 2,400 miles. Total mileage is near 6,000. The car was offered to the auction house by its second and current owner. Maybe it would have been worth more if Trump still owned it.

Auctions America’s Fort Lauderdale, Florida event on Saturday April 1 wrote, according to CNN, that it’s “highly likely Donald Trump is the only United States president to ever own a supercar.”

 

Donald Trump’s Ferrari F430 F1 Coupe -

 

“It’s well known that President Trump appreciates the finer things in life and this Ferrari F430 is no exception. At the time of its release, it was one of the most technologically advanced performance cars on the market,” Auctions America

Some hours after the auction, Auctions America issued a statement: “we can confirm it exchanged hands just minutes after it left the podium” for a final sale price of $270,000. The company did not say who purchased the vehicle and offered no further details about the off-the-record sale.

Bloomberg reports that RM Sotheby sold a 2008 Ferrari F430 GTC for €459,200 ($490,310) in January in Paris; a 2008 Ferrari F430 Scuderia sold for $182,600 at a Motostalgia sale in Amelia Island, Fla. And Sotheby’s sold a yellow 2007 F430 Spider for $357,500 in 2016. Other F430s in various conditions can found online, for as much as $234,500 and as little as $121,000.

The auction house said: “Ferrari introduced the F430 in September 2004 at the Paris Motor Show. Designed by Pininfarina, a great deal of attention was paid to making the car as aerodynamic as possible, while also paying homage to past Ferraris. The newest F1 developments to trickle down to Ferrari road cars were the electronic differential (E-Diff), used to maximize the application of engine torque, as well as the steering wheel mounted manettino switch, which allowed for quick adjustment of vehicle dynamics. The F430 was produced through 2009 at which time it was replaced in the Ferrari lineup by the 458.”

 

 

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