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A Ferrari Once Owned By President Trump Just Underperformed at an Auction

Jennifer Calfas
Donald Trump's former Ferrari received some low bids at an auction over the weekend

President Donald Trump’s 2007 Ferrari F430 F1 Coupe fell short of its low estimate at an auction in Florida on Saturday when it left the sale block.

The car was estimated to sell for anywhere between $250,000 to $350,000, according to Bloomberg. Bidding stopped at $240,000 - $10,000 short of the lowest estimate, Bloomberg reported.

The auction said the car “exchanged hands just minutes after it left the podium,” with a final sale of $270,000, according to Bloomberg. The company did not give details on who purchased the vehicle, Bloomberg reported.

Trump purchased the car in 2007. He owned it for four years.

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

The car’s performance at the auction can be attributed to Trump as a “polarizing” figure and by the fact that Trump no longer owns the car, Bloomberg reported.


This article was originally published on Money.com