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Few people would say that the newly elected US President Trump is a business wizard.
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Whether it’s sneakers, Bibles, watches, or most recently his own “Official Trump” crypto token, the real estate mogul, former reality star, and returning CEO never misses an opportunity to make money.
Given his superstar status, anything related to the first convicted felon elected to the Oval Office is likely to be valuable.
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With that in mind, let’s take a look at the 2007 Ferrari F430 Coupe that once belonged to Trump and is now up for auction.
Rockstar Car Auctions, which is handling the auction, said online bidding on the car will take place from February 16 to March 9.
Rock Star Car Auction
Auctioneer: Trump cars a symbol of resilience
“This Ferrari is more than just a car, it is a symbol of tenacity, triumph and history,” the company said on its website. “The owner of this car was a transformative figure of our time and it represents Trump’s unparalleled legacy.”
Trump bought a new Ferrari while performing, apprenticeIt’s in its sixth season and according to Rockstar, “It has been meticulously maintained and is in pristine condition with less than 10,000 miles on the speedometer.”
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The Ferrari belongs to a private owner in New Jersey and has the original title signed by Trump, a warranty card with his name on it and Trump branding.
The Italian automaker produced the car from 2004 to 2009 as the successor to the Ferrari 360.
Rock Star Car Auction
“With a 4.3-litre V8 engine producing 483 hp and a top speed of 196 mph, it was one of the most advanced supercars of its time,” the auction house said. “The car’s stunning Rosso Corsa red exterior with beige The leather interior perfectly embodies Ferrari’s signature aesthetic.”
Bidding starts at $250,000, and when the virtual hammer comes down, the bid could climb to $750,000 to $1 million.
Rockstar Auctions is no stranger to celebrity vehicle sales. The company sold Aerosmith drummer Joey Kramer’s 2006 Nissa 350Z to a buyer in Turkey for $58,000 and a 1987 Ivana Trump, the president’s ex-wife, for $25,000. Mercedes 560SL sold to a buyer in Turkey.
“People have been fascinated by Donald Trump for a long time,” said auctioneer Tony Rienzi of Rockstar Auto Auctions.
“When I sold Ivana’s car, the buyer only bought it because of Donald Trump — he bought it for Ivana,” he added. “With Donald Trump back in office today, this will only increase the collectible value of items he personally owns.”
Analysts say Trump is idol to many
Last year, a 1997 Lamborghini Diablo VT sports car owned by Trump sold at auction for $1.1 million, which Forbes reported was higher than the $350,000 and $500,000 that most Diablos fetch at auction. a lot of.
“Celebrity cars definitely attract high premiums,” auctioneer Jim Ronan told The Daily Telegraph last year.
He said: “This is especially true with classic cars as owners love to talk about them at every opportunity, so a backstory about a famous owner is a great talking point to put their car among its peers at a club or car show. stand out.
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David Schmid, associate professor of English in the College of Arts and Sciences at the University at Buffalo, said the Trump Ferrari auction is very meaningful.
“As many have pointed out, Trump is not a traditional politician,” he said. “He is primarily a reality TV star but one with unprecedented power and influence.”
Schmid added: “As such, he was an icon to many because he represented to them fundamental American values: ambition, the pursuit of wealth, individualism and a refusal to apologize and admit guilt or blame.”
He noted that the desire to own things that formerly belonged to Trump is the same desire that has driven the market for celebrity collectibles for years.
“By purchasing the car, the new owner will also be purchasing some of Trump’s star power and charisma; in other words, the car becomes a quasi-religious icon,” Schmid said.
“Ferrari is perfectly positioned to do this because it conveniently symbolizes additional core qualities of the Trump brand: excess, conspicuous consumption and masculinity,” he said.
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