Even Trump Is Having Trouble Getting a Good Price for His Ferrari

From bloomberg.com

A president with expensive tastes is proving no guarantee for luxury assets. Even Donald Trump is having trouble getting a good price for his Ferrari. A 2007 F430 F1 Coupe once registered to Trump Towers left the sales block without meeting its reserve price at a Florida auction last month. As sales of the Italian supercars -- which make up what portfolio manager and car collector Sean Gambino refers to as the “most robust” end of the classic car market -- stagnate for the first time since the financial crisis, pricey Manhattan condos are lying unsold and European Impressionists can’t be shifted. From ... (full story)