Can I buy abandoned supercars in Dubai?
Yes, the Dubai Police car auction website regularly lists vehicles seized in criminal cases or abandoned on Dubai roads. These auctions offer a unique opportunity to find rare or high-value vehicles. Who Can Buy Abandoned Supercars In Dubai? Auctions of abandoned supercars are generally invitation-only events. When the auction of abandoned cars is announced, potential buyers must register with the police and prove that they have enough money for the deposit.What Happens to Abandoned Cars in Dubai? Authorities quickly tow and impound abandoned cars. After the legal holding period, these vehicles are listed for public auction. Many of these cars are in good condition, with only minor issues, while some may require repairs before hitting the road again.The luxury car graveyard of Dubai Every year, between 2,000 and 3,000 cars are abandoned across the UAE, according to Gulf News. Some of them are limited-edition Ferraris, Lamborghinis, Porsches, or even a rare Honda NSX.
Why are there a lot of abandoned cars in Dubai?
There is a very strict debt law in the UAE. This is where the phenomenon of these sporty, abandoned cars on the streets of Dubai comes from. As owners leave the UAE in a hurry, they leave their cars in random places, often intact and with the key in the ignition. One of the biggest reasons is debt laws. In the UAE, bounced cheques or missed loan payments are criminal offenses. When some ex-pats or locals run into financial trouble, they panic. Instead of facing jail, they flee the country, often leaving their prized supercars behind at airports, garages, or on the roadside.
Who owns the 70 million dollar Ferrari?
The $38. Ferrari 250 GTO. A GTO did set what was the record for world’s most expensive car ever sold in 2018, when a 1963 model (chassis 4153GT) sold in a private transaction for $70 million to WeatherTech founder David MacNeil. In 2018, Chassis 4153 GT, a 1963 Ferrari 250 GTO, was sold in a private transaction for a staggering $70 million, setting the record for the most expensive classic car ever sold. The buyer? David MacNeil, the founder and CEO of WeatherTech, the premium automotive accessories company.Fortunately for exotic car lovers, Ferrari built 272 of the 288 GTOs, which listed at the American equivalent of $83,400. In contrast, with Fiat running the Ferrari passenger car operation, thousands of 308 and 328 road cars were made. The 308 initially cost $53,745.