Donald Trump's old Ferrari sells at auction for $270,000

A Ferarri once owned by President Donald Trump was sold at an auction this weekend at a record $270,000. The 2007 Ferrari F430 F1 Coupe was purchased new by Trump a decade ago. He didn't drive the Ferrari much before he sold the supercar in 2011.

The vehicle changed hands again on Saturday at an Auctions America event in Florida.

The auction house did not name the buyer or the seller, but the cherry red Ferrari rolled onto the auction block. At first, it looked like the car wouldn't sell but according to Auctions America, it fsold "just minutes after it left the podium."