A Ferrari (RACE) sports car once owned by U.S. President Donald Trump was sold at auction for a record $270,000 over the weekend.
The 2007 Ferrari F430 Coupe initially underperformed at the auction in Florida, attracting a $245,000 top bid that fell short of the minimum required for a sale, CNN Money reports.
Just minutes after it left the podium, however, an unidentified bidder offered $270,000 for the automobile—the most anyone has paid at auction for an F430 Coupe with automatic transmission, according to Hagerty Insurance.
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While similar versions of the model generally sell for $125,000 to $175,000, auctioneer Auctions America said it expected Trump’s Ferrari to bring between $250,000 and $350,000 due to its brush with celebrity.
Trump owned the vehicle for just over four years before selling it in 2011 to its second owner, who subsequently put the car on the auction block.
