The Tokyo Financial Services Authority is offering a Ferrari on the market.
The capital branch of the national agency confiscated a 2-seater Ferrari NV 488 Pista Spider with an estimated price of 56.8 million yen ($390,000) from an owner who had not paid his tax debt. The company will hold a web based auction for the automobile over two days next month, it said on its website.
This is just not the one luxury item the agency is auctioning. Buyers can even bid on high-end real estate and a rare bottle of Suntory Holdings Ltd.’s cult whisky. Hibiki 30. For those on the lookout for a destination they’ll reach by automobile, the agency is offering a golf course with a minimum bid of 141 million yen.
In 2012, the agency auctioned a 7.5-carat diamond that began at 40 million yen. The stone sold for 76 million yen. The costliest non-real estate item ever sold online was a 12.07-carat diamond that began at 27 million yen and rocketed to 93 million yen, greater than 3 times its original asking price.
The 488 Pista Spider model with V8 engine has greater than 700 hp and accelerates from 0 to 100 km/h in 2.8 seconds, in line with the Ferrari Japan website. Formula 1 driver Charles Leclerc owns a special version of the identical model. Ferrari USA’s official website lists 6 of the open-top sports cars on the market with prices starting from $679,900 to $824,895.
For privacy reasons, the agency didn’t want to supply any information in regards to the owner of the automobile. A spokesman for Ferrari Japan also declined to comment on the value.
The auction system has several benefits for the owner of a sports automobile: If the automobile fetches greater than the quantity due, the tax office pays the owner the difference.
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