Loan Cheat's Massive Car Collection Is Sold For An Insane Amount At Record Breaking Auction

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RM Sotheby's Duemila Ruote (2,000 wheels) auction saw over 800 vehicles including 823 cars seized by the Italian government from a loan defaulter sell for €51.26 million (Rs 3.723 billion).

Europe's Largest Car Collection Sells For €51.26 Million At Auction

The loan defaulter, an Italian businessman had promised to use the money he borrowed to help his business but instead used it build the rather insane collection that went under the hammer.

Europe's Largest Car Collection Sells For €51.26 Million At Auction

The list of vehicles were varied with everything from ultra rare supercars to motorcycles, bicycles, and power boats going under the hammer.

Europe's Largest Car Collection Sells For €51.26 Million At Auction

At the end of the day its was the highly coveted Ferrari 275 GTB/6C - alloy-bodied with a long nose, six carbs, and a torque tube - which topped the auction sales list, selling for €3.416 million (Rs 24.8 crore).

Europe's Largest Car Collection Sells For €51.26 Million At Auction

In second place was a low-mileage Maserati MC12 which sold for €3.024 million (Rs 21.95 crore), a new record for the MC12 at auction.

Europe's Largest Car Collection Sells For €51.26 Million At Auction

Topping out the top three was the Ferrari F40, which was no slouch either selling for €1,030,400 (Rs 7.48 crore).

Europe's Largest Car Collection Sells For €51.26 Million At Auction

In fourth place was Porsche's 959, the reason why the Ferrari F40 had that top speed of 201mi/h (323km/h). The Porsche sold for (Rs 7.31 crore).

Europe's Largest Car Collection Sells For €51.26 Million At Auction

Rounding out the top five was another Ferrari, a Ferrari Daytona to be precise, which garnered €873,600 (Rs 6.34 crore).

Europe's Largest Car Collection Sells For €51.26 Million At Auction

What made the Duemila Ruote auction even more interesting was the fact that each and every item on auction didn't have a reserve price.

Read more on: #off beat #auction
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