The king's auction of the Ferrari: this is the price these cars sold for

The Italian supercars have been sold for a combined price of €443,842, a €68,842 profit over the auction’s starting price.

Last month the auction for the two Ferrari FFs that were given to former king Juan Carlos during the 2012 Abu Dhabi Formula 1 Grand Prix was reopened; a gift that the Prime Minister of the United Arab Emirates offered to King Juan Carlos and that he later decided to donate to the Spanish State. The first bid for these two supercars took place in 2015 with a starting price of €700,000, but last June the State decided to cut that price almost in half: €375,000; a real bargain considering both vehicles are almost new. After a month of bidding, the cars have a new owner and have been sold for a combined price of €443,842.

The first of the two Ferrari FFs, the black one, opened the auction at a starting price of €195,000 and was finally sold to the company Arguelles S.L., a used-car dealership, for €201,555. The grey model (which had slight damage) started at €180,000 and was awarded to a private buyer for €242,287.

In this way, the auction process ended with a profit of €68,842 over the price at which this second auction started (€375,000), although far below the €700,000 at which the first auction, held in 2015, began. The factory price of both models comes to €362,000, that is, €725,000 for the two.

With this sale, the State Patrimony has managed to pocket a good amount of money without having to make any investment. In addition, the new owners of the Italian supercars have walked away with two great engineering pieces at a bargain price. Everyone wins, right?

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