Donald Trump's old Ferrari sells at auction for record $270,000

US President Donald Trump walks from Marine One as he returns to the White House in Washington (Photo: Reuters)

US President Donald Trump once owned old Ferarri was sold at auction this weekend at a record $270,000.

Trump purchased the 2007 Ferrari F430 F1 Coupe a decade ago, reported the CNN.

Though he didn't drive the Ferrari much, Trump sold it in 2011 with fewer than 2,400 miles on it.

The supercar got a new owner on Saturday at an Auction in Florida.

According to reports, at first, it looked like the car wouldn't sell. It left the auction block with a top bid of $245,000 -- which didn't meet the reserve price, or the minimum bid required for a sale.

The Ferrari's new owner, whose name was not revealed by the auction house, will get the car with just over 6,000 miles on it.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel