Motoring News

Report: Seized Ferrari, Lamborghini sold for P20.83-M at BOC auction

photo of smuggled ferrari f430 scuderia at a BOC facility
PHOTO: Bureau of Customs

The Bureau of Customs (BOC) wasn’t able to sell all of the seized luxury cars that it put up for bidding back in December, which is why the agency had to auction them off to the public for another round this week.

This time around, though, two supercars were finally sold: the Ferrari F430 Scuderia in the photo above, and a ‘2006 Lamborghini.’ In a report by Inquirer, the BOC was said to have sold the two supercars for a total of P20.83 million.

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According to the BOC’s Notice of Public Auction, the Lambo has a floor price of P10,376,554. The Ferrari, meanwhile, has a P10,451,317.84 listed floor price. Recall that the first time the latter was auctioned off, it was listed at P23,225,124.

The BOC has yet to issue an official statement about this, but reports did say that the 2001 Porsche Boxster and the 2011 Mercedes-Benz E220 that were also included in the auction failed to garner a bid for the fifth straight outing. The Porsche’s floor price has already been cut from P1,797,946 to just P809,082.97, while the Benz from P1,491,559 to just P783,049.46.

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PHOTO: Bureau of Customs
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