Spain to auction off two Ferraris given to former king Juan Carlos

Two Ferraris given as gifts to former king Juan Carlos are to be auctioned off by the Spanish government, with starting prices of about €350,000 each.

The two Ferrari FF four-seater models are on display this week for potential buyers. The Finance Ministry says they will be auctioned on November 6. Bidders will have to put down deposits of about €17,500.