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Tokyo\u2019s tax office has a Ferrari for sale.\u00a0<\/p>\n
The capital\u2019s branch of the national agency seized a 2-seater Ferrari NV\u00a0488 Pista Spider<\/a>\u00a0with an estimated price of 56.8 million yen ($390,000) from an owner who failed to pay their tax bill. It will hold an online auction for the car over two days next month, it said on its\u00a0website<\/a>.\u00a0<\/p>\n This is not the only luxury item that the agency is auctioning off. Buyers can also bid on high-end real estate and a rare bottle of Suntory Holdings Ltd.\u2019s cult-favorite whiskey\u00a0Hibiki 30.\u00a0<\/em>For those looking for a destination to drive to, the agency is selling a golf course with a starting bid of 141 million yen.\u00a0<\/p>\n In 2012, the agency auctioned a 7.5 carat diamond that started at 40 million yen. The hammer fell on that stone for 76 million yen. The most expensive non-real estate item ever sold online was a 12.07 carat diamond that started at 27 million yen and soared to 93 million yen, more than three times its initial listing.\u00a0<\/p>\n The V8-powered 488 Pista Spider model produces more than 700 horsepower and can accelerate from a standstill to 100 km an hour in 2.8 seconds, according to Ferrari Japan\u2019s website. Formula One driver Charles Leclerc owns a custom made version of the same model. Ferrari USA\u2019s\u00a0official website<\/a>\u00a0lists 6 of the open-top sports cars for sale with prices ranging from $679,900 to $824,895.<\/p>\n The agency declined to comment on the car\u2019s owner for privacy reasons. A spokesperson for Ferrari Japan declined to comment on pricing.<\/p>\n The auction system has some benefits for the sports car\u2019s owner. If the car fetches more than the amount in arrears, the tax agency will give them the difference.\u00a0<\/p>\n<\/div>\nRecommended Newsletter: <\/strong>High-level insights for high-powered executives. Subscribe to the CEO Daily newsletter for free today. Subscribe now<\/a>.<\/div>\n<\/div>\n