You’ve seen those ads for selling “government surplus,” or auctioning off “seized property.”
And you’ve taken them with more than a grain of salt. Rightly.
But, just to keep you up to date, sometimes something interesting does come up for sale at one of those government auctions.
Like a 2004 Rolls-Royce Phantom.
Auctioned by the United States Department of Treasury at a seized property auction in Miami last Wednesday.
(more after jump)
It went for $192,000.
Not cheap, but not a bad price, either.
An auto broker said to specialize in selling to “celebrities” was the winning bidder.
Unfortunately, Kelley doesn’t give bluebook values for the Rolls on their website, so it’s hard to say whether or not the broker or the feds won on this one. But MSRP for a new one is $345,000.
So, it looks like the buyer probably did OK.
No word on exactly how the car came into the possession of the federal government – suggestive as the location may be.
But, it will certainly be interesting to see how the used vehicle disclosure sticker is filled in when it goes on the used car lot.