TOKYOOctober 21 (News On Japan) – The Tokyo National Tax Agency has put a Ferrari seized from a tax criminal on public auction, setting the minimum bid at a record high of more than 70 million yen ($467,000).
Online public auctions are one of the methods used to forcibly sell assets seized to collect unpaid taxes.
Listed by the Tokyo National Tax Agency, this Ferrari has a minimum bid price of 71.3 million yen, the highest ever for an auctioned car, excluding real estate.
The Tokyo National Tax Agency also auctioned a Ferrari in August, which sold for about 94.3 million yen.
Much attention is now focused on whether the Ferrari will exceed 100 million yen at this auction, which would set a new record.
Applications to participate must be submitted by the 30th, with bidding taking place in the middle of next month.
Source: ANN
