Porsche, Ferrari, Mercedes Cars Up for Auction at Bureau of Customs

It's scheduled on Dec. 13.
Photo/s: customs luxury car auction

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.

Bureau of Customs Handout
Continue reading below ↓

Bureau of Customs Handout
Bureau of Customs Handout
Continue reading below ↓
Recommended Videos
Bureau of Customs Handout
Bureau of Customs Handout
Continue reading below ↓

Here are the full auction guidelines:

Bureau of Customs Handout

Latest Headlines
Recent News