Trump once owned old Ferrari sells at auction for record $270,000

U.S. President Donald Trump once owned old Ferarri was sold at auction this weekend at a record $270,000.

Trump purchased the 2007 Ferrari F430 F1 Coupe a decade ago, reported the CNN.

Though he didn't drive the Ferrari much, Trump sold it in 2011 with fewer than 2,400 miles on it.

The supercar got a new owner on Saturday at an Auction in Florida.

As per reports, at first, it looked like the car wouldn't sell. It left the auction block with a top bid of $245,000 -- which didn't meet the reserve price, or the minimum bid required for a sale.

The Ferrari's new owner, whose name was not revealed by the auction house, will get the car with just over 6,000 miles on it.