The government is auctioning off five luxury cars that were either abandoned or forfeited, hoping to earn at least P30 million from what would otherwise be a demolished pile of scrap metal.
The Bureau of Customs usually destroys smuggled or abandoned items with roller trucks, but together with the Department of Finance and state-run Land Bank of the Philippines, it will auction off the three Mercedes cars, a Porsche and a Ferrari.
One of the cars, a 2001 Mercedes SLK 350 has a floor price of P1.79 million, or roughly the cost of a brand new 2021 Toyota Altis based on published prices.
Here are the cars with corresponding prices.
Here are the full auction guidelines:
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