For those of us fortunate enough to live in the U.S. or U.K., we are all aware that there is no such thing as a debtor’s prison, regardless of what some overzealous collections agent trying to hit their monthly bonus number might say. Well, in Dubai things are a tad different, as people who cannot pay their debts get thrown into the slammer.
This results in expats that fall into debt problems in Dubai fleeing the country and leaving their indebted property to bake in the not-so-pleasant desert sun. That is exactly what happened in the case of this $1.6 million Ferrari Enzo. The British expatriate purchased this machine and, according to reports, ran into issues with traffic citations that he couldn’t afford, so he fled the country, leaving the Enzo to bake for about 20 months in a parking lot.
Dubai authorities finally found the vehicle and impounded it faster than it can hit 60 mph. Now this million dollar supercar is heading off to the Dubai police auction, along with 23 other luxury cars, and will like fetch a nice sum of money for the Dubai authorities. The other 23 cars have fines attached to them ranging from Dh98,300 to Dh100,000 ($26,766 to 27,229), meaning the highest total the fines can be is $626,267. It is more than likely that the Enzo alone will sell for enough scratch to cover that amount. Sounds like a sweet business move, huh?
How can they do this? Well, in Dubai, the police have the right to seize and auction any car that is abandoned for six months. Chances are, they focus mostly on luxury cars, leaving rotting and sunburned econo-boxes to continue to take on more sand and sunlight. But, who are we to judge?
So, if you would like to snag up a sunburned and sandblasted 1-of-399 Enzo, just head on over to Dubai and get a 30 day visitor’s visa (free for U.K. and U.S. passport holders), pay the Dh110 ($29.95) fee to get into the auction, and bid away.
UPDATE 04/30/2012: Sorry, folks, but this dusty Ferrari Enzo is NOT for sale. Dubai police have spoken to Emirates 24/7 and have stated that the cars "have been seized as part of evidence from various crimes such as robbery, and are not for sale."