MADRID (AP) — Spain's government has been unable to sell at auction two Ferraris given as gifts to former King Juan Carlos because a single bid came in and it was for less than half of the reserve price of 350,000 euros ($400,000) placed on each.
World News From SFGate, San Francisco Chronicle: World
Sat, 11/07/2015 - 8:57am
MADRID (AP) — Spain's government has been unable to sell at auction two Ferraris given as gifts to former King Juan Carlos because a single bid came in and it was for less than half of the reserve price of 350,000 euros ($400,000) placed on each.