The Tokyo Regional Taxation Bureau on Wednesday listed a Ferrari for an online public auction to be held next month, with bids starting at ¥71.3 million.
The Ferrari F12tdf will have the highest minimum bidding price of all items excluding real estate that have been listed by Japanese tax authorities for an online auction of assets seized mainly from people with unpaid taxes.
Those wanting to participate in the auction will have to complete a preregisteration process before 5 p.m. on Oct. 30. Bidding will take place between 1 p.m. on Nov. 11 and 1 p.m. on Nov. 13.
Besides the flashy Italian vehicle, a watch, several properties and other items will be up for sale in the upcoming auction.
In a similar public auction held in September, a Ferrari 488 Pista Spider fetched a price of ¥94,301,000, a record high for a non-real estate item.
"We hope that many people will take part in the auction as we've put up for sale various other items besides the Ferrari," an official of the National Tax Agency said.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.