The Argentine state will auction a Ferrari F430 model 2006 which was confiscated in one case Drug trafficking and money laundering. The auction begins with a base price of $182,277 and represents a new example of the disinvestment plan promoted by the national government.
The State Property Management Authority (AABE), Depending on the Chief of Staff, he will organize the auction of the Italian supercar. The announcement was made by the Chief of Staff, Manuel Adorniduring the press conference he gave at the Casa Rosada to take stock of the two years in office of President Javier Milei.
The high-end vehicle has unique features that make it a desirable piece. It is a Red Ferrari F430 from 2006 with barely 16,855 kilometers of use. Its state of preservation and low mileage make it an exceptional opportunity on the collectors market.
What will the Ferrari auction that the government will hold look like?
The confiscated Ferrari that Javier Milei’s government will auction in February
The virtual auction is registered as Number 392-0108-SPU25 on the organization’s official website. Interested parties can register until Tuesday, January 27th, while the auction is scheduled February 3, 2026.
In order to take part in the process, bidders must register ComprAr websiteespecially in the “Public Auctions” module. Once the requirements set out in the Basics and Conditions are met, they will be granted access to inspect the vehicle.
The Ferrari will be available for viewing Monday, Wednesday and Friday at different times of the day. This modality is intended to ensure that all interested parties can assess the actual condition of the vehicle before making their offer.
The auction will take place on February 3rd at 14 hours via the official website and is valid for one hour. The minimum amount to increase offers has been set at $5,000.
In terms of local pricing, the basis of $182,277 synonymous with $267,035,805 at official value of the dollar. Taking the blue dollar as a reference, the number is 264,301,650 pesos.
The Ferrari is part of a wider package of goods that includes: four additional properties located in La Plata, Buenos Aires City and Pinamar. All of these assets make up the divestment strategy promoted by the libertarian government.
The Ferrari is one of the many assets that the government has auctioned and will continue to do so
The plan to sell state assets
“Nothing that should be in the hands of the private sector will remain in the hands of the state”Adorni argued this afternoon. This sentence summarizes the philosophy that guides the process of reducing state assets.
In his X account, the coordinating minister emphasized the transparency of the auction process. “Five public auctions in a single day. Transparency, competition and the state leave behind decades of opacity.”he wrote on the social network.
The official highlighted one particular case that demonstrated the effectiveness of the system: the Artilleros estate It recorded more than an hour of bidding and reached a final price that doubled the originally set base value.
The auctions are part of a comprehensive plan to divest real estate assets that the Libertarian government has developed since it came to power. To date, management has accumulated $321,915,200 in absolute sales of real estate and personal property.
Message from Manuel Adorni about state auctions
Many of the properties that are part of these auctions are intended for private real estate developments and large urban projects. These ventures particularly focus on sought-after areas of the city of Buenos Aires.
As stated by the Decree 575/2025All proceeds from the sale of land flow directly into the state treasury. This regulation guarantees that resources flow into state assets for later redistribution.
The AABE has a specialized execution unit aimed at optimizing the management and preservation of assets under judicial supervision. Precautionary expropriation measures apply to these assets and are displayed on publicly available platforms to facilitate their commercialization.
The Ferrari F430 auction represents a symbol of the paradigm shift in the management of state assets. The transparent process and the integration of digital technology demonstrate the government’s commitment to modernizing public procedures and maximizing resources for the Argentine state.
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