Posts Tagged ‘government auctions’

Tokyo Tax Office Ferrari California Auction Record

Posted by Stephen On Tuesday, May 10th, 2011

A delinquent tax payer in Tokyo is short one Ferrari California today – and the Tokyo Tax Office is laughing all the way to the bank, as the car sold for almost the same amount as it would have new – 22.81 million Yen (new price is 23 million Yen).

The Tax Office had estimated that it would made about 13.3 million Yen, and clearly way underestimated the demand for this particular model. The car was bought by a used car dealer in Chiba, near Tokyo. The price set a record for an internet public auction for an item other than real estate in Japan.

Ferrari California Auctioned by Tokyo Tax Office, Japan

Source: MSN (Japanese-language)