Donald Trump’s Ferrari F430 F1 Disappoints At Auction; Sells For Record Price Later

A Ferrari F430 F1 which used to be owned by President Donald Trump didn’t meet the reserve price at the auction. But an ardent follower picked it up for $270,000 a few minutes after the auction.

Cars which used to be a part of President Donald Trump’s garage have been surfacing in auctions and online sales portals since he won the elections. After the Lamborghini Diablo VT Roadster and the “Cadillac Trump” limousine, the business tycoon-turned-President’s 2007 Ferrari F430 F1 hit the auction floor recently. However, it had quite a disappointing show at the event with no one being particularly keen to quote a bid in line with the seller’s expectations.

Donald Trump had bought the Ferrari F430 F1 in 2007 and sold it four years later when the odometer reading reached 2,400 miles. When it was put up for auction at an Auctions America event in Florida recently, the Italian supercar was expected to fetch anything between $250,000 and $350,000. But it fell short of the reserve, barely managing to get a top bid of $240,000.

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.
The auction will take place on April 1, 2017 and is expected to fetch $250,000 to $350,000 US dollars.
/ AFP PHOTO / Leila MACOR / TO GO WITH AFP STORY BY LEILA MACOR (Photo credit should read LEILA MACOR/AFP/Getty Images)

However, a couple of minutes after the bidding closed, and undisclosed buyer turned up with $270,000 to buy the car. This is a record sum for this particular make and model. Auctions America substantiated the record price claim with the following statement.

Similar versions of the model without the celebrity provenance traditionally bring between $125,000 and $175,000 depending on mileage, condition and optional equipment.

Isn’t Donald Trump the only US President to have ever owned a supercar? Guess, he is.

Trump’s Ferrari F430 F1 has 6,000 miles on the clock now and comes with a semi-automatic 6-speed paddle-shifter transmission case. Coated in the distinctive shade of Rosso Corsa red, the Italian supercar comes with a 4.3-liter, 490 hp V8 engine which can launch it to a top speed of 196mph. Other noteworthy aspects include Scuderia crests on the fenders, carbon-fiber inserts on the dashboard, Giallo yellow dials, radio with CD changer and Daytona-style seats. The package also includes original manuals, tool kit, car cover with bag, charging kit and service records from Ferrari of Long Island.

At the end of the day, Donald Trump’s Ferrari did manage to get a good deal. But it couldn’t quite beat the $460,000 that his Lamborghini Diablo VT Roadster had fetched on eBay last year. The lower-than-expected bids at the auction could be because of the fact that the F430 was at the hands of a second owner and not Trump himself at the time of auction. A Bloomberg report on the news also mentions a statement made by Hagerty data spokesperson Jonathan Klinger on the lower price being attributed to Trump’s image as a “polarizing” President who used the car himself.