Join Date: May 2010
Ferrari Life Posts: 3,338
Thing is, it probably started out innocently enough. There was a time it was a sub-$40K car, it wasn’t worth the time and expense to vet it properly.
It also spent quite some time in Italy where there is all manner of techniques to avoid taxes. I've read about situations in the 90’s, where VINs were swapped in order to avoid sales and other taxes. Doubt anyone there looked closely or probably cared (or was paid not to).
My guess is the VIN was swapped while in Italy. Since it wasn’t worth much, it wasn’t scrutinized when brought to the states. Held in some guys garage until he died. Current owner bought it from the estate, thought he’d make a quick buck. He’s had it for sale in several Ferrari publications since at least last November. It’s gotten a documented reputation since then, so no serious Ferrari buyer, broker, or auction house will want to touch it.
The consignment dealer may be out nothing more than his time and commission, but the seller is in for a world of hurt now. I’m guessing his wallet is going to be six figures lighter……
I also note the difficult spot BaT is in, but disappointed at the way they tried to weasel out once the listing blew up.
As they say, the most expensive Ferrari is the cheapest one.
Buyer beware !!!
Of all the narcissists I know, I love me the most.