A 1975 Ferrari Dino 208 GT4, seized 18 years ago in a city in São Paulo, Brazil, on suspicion of chassis tampering and illegal importation, is being auctioned with an initial bid of only $177.
The car, the only registered model in Brazil, is in terrible condition, not functioning and with the bodywork deteriorated by rust. The Federal Court of the State of São Paulo estimated that the restoration of the vehicle would cost around $176,000.
Valued as scrap, the car’s value, based on the price of scrap iron, is only about $190, as the vehicle weighs approximately 1,150 kg.
The auction is scheduled for July 8, and the highest bid currently stands at $442. If it is not sold on that date, a second auction will take place on July 15, with a minimum bid of $95.
Bruno Richter Lazar, son of Ferry Lazar, the former owner of the Ferrari who passed away in 2014, was surprised by the news of the auction. Bruno recently obtained paternity recognition and wishes to recover and restore the vehicle, which holds great sentimental value for him. His plans are to try to stop the auction or win the bid to restore the car and place it in a museum.
Source: UOL Carros
Photos: Disclosure – Evaluation report from the Federal Court of São Paulo | This content was created with the help of AI and reviewed by the editorial team.