President Donald Trump’s Ferrari F430, The Sale of the Year

President Donald Trump’s Ferrari F430, The Sale of the Year

President Donald Trump’s Ferrari F430, The Sale of the Year

$RACE

The Big Q: Will this be the Ferrari F430 “Sale of the Year”?

F430’s are not common and they are not cheap. And this example, being auctioned on 1 April 2017, by Auctions America at their Fort Lauderdale, Florida sale, was purchased and titled new in Y 2007 by our recently inaugurated 45th President, Donald J. Trump.

The Auctions America low pre-sale estimate is $250,000, which represents a roughly 30% premium over an average Ferrari F430. That expected premium is largely due to President Trump’s celebrity and to a lesser degree the car’s very low mileage.

This Ferrari was sold to a new owner in Y 2011, and the car will be auctioned along with a copy of its original title including President Trump’s Trump Tower, New York address and his distinctive, bold signature.

According to Auctions America, “President Trump owned the car for just over  4 years. It currently shows fewer than 6,000 miles on the odometer and is equipped with a 4.3-liter V-8 and semi-automatic F1 transmission.

This offering presents both car and Presidential history enthusiasts with a unique opportunity to own, drive and enjoy a Supercar once owned by a US President. As with many things about President Trump, no US President that I have know or know of was a Ferrari clienti.

It is a unique opportunity as most Presidential memorabilia does not have a horsepower rating, and to see a former or current President’s personal automobile offered for sale is extremely rare.

As with President Donald Trump’s larger-than-life persona, no US head of state ever owned a car that makes 490 hp.

So, I am watching to see if this Ferrari, with its US Commander-in Chief provenance, will bring that 30% premium, that the Auctions America believe it will.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 65.59 17 February 2017 -0.45 65.44 65.64 65.19 290,500
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Very Bullish (0.53) Very Bullish (0.57) Bullish (0.48) Very Bullish (0.54)

Have a terrific President’s Day weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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