Chinese Court Puts Dirty Ferrari 599 Up for Auction for $245

A secondhand Ferrari will be put up for auction at a starting price of 1,701 yuan ($245) in southern China next week.

The vehicle, now dubbed as the “world’s cheapest Ferrari,” has already attracted at least 250 bidders for the event in Dongguan, Guangdong province on June 20, according to NetEase.

According to the court overseeing the auction, the rock-bottom price was decided because the Ferrari lacked registration and carried a fake number plate, Sing Tao Daily reported.

For this reason, the car — which was also involved in an accident — cannot be driven and may only used for other purposes, such as display.

The vehicle, a Ferrari 599, is reportedly one of the most famous two-door models in the luxury sports car maker’s history.

Anyone planning to make a bid must be aware, however, that the vehicle owes more than 10,000 yuan ($1,445) in parking fees, Sohu News noted.

The car’s shocking starting price has gone viral on Chinese social media, with netizens imagining ways to make use of the purchase.

“I think it’s worth it.”

“Dismantle and sell the parts!”

“Well this should be good for wedding photographs.”

“Buy it for renovation, then you can lease it for photoshoots and make good money.”

“The sale of the disassembled parts should be able to return the whole car’s actual price.”

Support our Journalism with a Contribution

Many people might not know this, but despite our large and loyal following which we are immensely grateful for, NextShark is still a small bootstrapped startup that runs on no outside funding or loans.

Everything you see today is built on the backs of warriors who have sacrificed opportunities to help give Asians all over the world a bigger voice.

However, we still face many trials and tribulations in our industry, from figuring out the most sustainable business model for independent media companies to facing the current COVID-19 pandemic decimating advertising revenues across the board.

We hope you consider making a contribution so we can continue to provide you with quality content that informs, educates and inspires the Asian community. Even a $1 contribution goes a long way. Thank you for everyone’s support. We love you all and can’t appreciate you guys enough.

NextShark is a leading source covering Asian American News and Asian News including business, culture, entertainment, politics, tech and lifestyle.

For advertising and inquiries: info@nextshark.com