abandoned ferrari auction
Also, those wishing to bid for the car will be required to pay an advance of Dhs50,000 (£8,500) before the sale while a simple entry to play spectator costs Dhs110
Today, the abandoned Ferrari will go up for auction in what could potentially be the most expensive police sale in history.
Why would anyone abandon a Ferrari, you ask?
In Dubai, debt is a crime, so often times, debtors will flee the country to avoid jail time, leaving behind cars and other property.
Dubai’s traffic department director, Major General Mohammed Saif Al Zaffin, reports that this particular abandoned Ferrari Enzo was wanted by Interpol. It was left in a parking space twenty months ago after racking up too many parking tickets.
The Dubai government has the right to auction off any vehicle that’s been abandoned for more than six months. The auction itself will feature a grand total of 129 seized vehicles, 23 of which are luxury cars. They carry fines of around $27,000.
The expensive car believed to be abandoned by a British national who lease the car and then left Dubai 20 months ago when they couldn't afford the repaymnets and traffic fines. There are many cases in Dubai that face jail time for outstanding debts. Under the Dubai law any vehicle abandoned for more than six months will become a property of the state unless a clear title can be produced and no unpaid fines.