Overview
- Spain’s National Court rejected Víctor de Aldama’s appeal and confirmed the order to auction his seized vehicles before any conviction.
- ORGA set a €24,890 starting price for Aldama’s Ferrari F12 despite market values near €300,000, within a lot valued at just over €600,000.
- The judges said early sale is lawful because vehicles depreciate over time and proceeds can later satisfy civil liabilities or be reclaimed if acquitted.
- Valuations vary sharply across the lot, with some models such as a Mini Clubman and a Toyota RAV4 carrying higher starting prices than the Ferrari.
- In parallel, the DGPNSD’s Escrapalia auctions are live for narco-confiscated cars including a Ferrari FF and a Mercedes G 63 with €150 starts, requiring deposits, buyer fees and acceptance of risks such as lack of ITV or flood damage, with proceeds directed to addiction-prevention programs.