iTal­iaN TaX­MaN seiZes 430 cars

Sin­gle-owner col­lec­tion of Fer­raris, Porsches and As­ton Martins ‘must go’

Classic Car Weekly (UK) - - This Week -

The largest sin­gle-owner car col­lec­tion ever seen in Europe at auc­tion will be sold to pay off a multi-mil­lion Eu­ros in­come tax bill.

RM Sotheby’s will auc­tion the lot in con­junc­tion with the Mi­lan Au­toClas­sica show on 25 Novem­ber. All 750 lots were con­fis­cated from one Ital­ian man who owed an undis­closed amount to the Agen­zia delle En­trate (Italy’s In­land Rev­enue Ser­vice). All items will be sold at Due­milia Ruote (2000 Wheels) with no re­serve. Judg­ing by the es­ti­mated value of the clas­sics alone, the col­lec­tor owes the tax­man tens of mil­lions of Eu­ros.

The mas­sive haul in­cludes more than 430 cars, 150 mo­tor­cy­cles, 60 boats and hun­dreds of bi­cy­cles and au­to­mo­bilia items. There will be 60 Porsche 911s, 45 Fer­raris and 21 Jaguar E-types of­fered for sale, along with nu­mer­ous high-ticket items like As­ton Martins, Rolls-Royces and Bent­leys. Lower ticket lots in­clude a num­ber of 1990s and 2000s Jaguars, as well as sev­eral Alfa Romeos, Lan­cias, Fi­ats and Volk­swa­gens of var­i­ous ages.

RM Sotheby’s Euro­pean pub­lic re­la­tions man­ager, Peter Haynes tells

CCW: ‘RM’s client is the Ital­ian au­thor­i­ties – the cars were owned by one in­di­vid­ual, who had some un­set­tled in­come tax bills. It wasn’t a pub­lic col­lec­tion in any shape or form, and there­fore isn’t ter­ri­bly well known. It was all stored in pri­vate units. Not much is known about the former owner, ei­ther.

‘All items are with­out re­serve – it all needs to be gone. No-one will pick up a Fer­rari F40 on the cheap, though, as – ev­ery­one knows what they’re worth and there’s been a lot of in­ter­est in the sale al­ready. How­ever, some of the more or­di­nary stuff might sell for a good price. There are a few Alfa Romeos and Lan­cias that need a lit­tle TLC, for ex­am­ple.’ Mur­ray scul­lion

❚ To see the Due­milia ruote cat­a­logue visit www.rm­sothe­

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