Report: Trump's Ferrari to be auctioned during final days of his presidency

U.S. President Donald Trump's 2007 Ferrari F430 will be for sale through Mecum Auctions from January 7 to 16, reports Business Insider.

The 2007 Ferrari F430 F1 Coupe, previously owned by Donald Trump, is shown on the Mecum Auctions website. [Screenshot taken from Mecum Auctions website]

The report says the red sports car is expected to fetch between US$400,000 and US$500,000. But the first time it sold for just US$10,000, much lower than its estimated price.

The car comes with a copy of its original title, which has Trump's signature and the address of Trump Tower in New York City.