This is a Ferrari 599 GTB which could sell for as little as $250. No, your eyes are not deceiving you.
This particular Ferrari is currently in the possession of police in Dongguan, China after it was involved in an accident. It is claimed that the Italian supercar was uninsured and unregistered when police got their hands on it. This means it cannot be registered or driven anywhere in China and is being sold as scrap metal.
“There is no information about this vehicle at the Vehicle Management Office, so it’s non-transferable and can’t be driven,” a spokeswoman from the Dongguan Third People’s Court said to The Sun. “That’s why it’s so cheap—we viewed it as scrap metal, and its scrap evaluation came to $347 (2,430 RMB). We then offered a 30 percent discount on that for our auction.”
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Images provided of the car show it covered in a thick layer of dust but the engine is said to be in working order. With a thorough exterior and interior detail, the 599 could look as good as new. No mention has been made about the vehicle’s mileage but let’s be honest, the mileage doesn’t matter. This is a Ferrari which will have a starting bid of just $250 when the auction commences in the coming days. Even if it’s the highest-mileage 599 on earth, it’s still the bargain of the century.
It’s unclear if the car can be exported out of China and registered for road use elsewhere or if it must stay on Chinese shores. If it can’t leave the country, there’s still a lot of money to be made from the car. For example, the winning bidder could strip it down and sell it for parts.