Under-fire Wellington property tycoon and Phoenix Football owner Terry Serepisos is selling his prized silver Ferrari as he struggles under a mountain of debt.
The 2007 F430 model, which has only 2600 kilometres on the clock is expected to fetch between $180,000 and $220,000 when it goes under the hammer at Turners Auctions in Auckland tomorrow.
The car is said to be 'The Best Ferrari Ever Made.'
"With black leather and F1 6 speed clutchless paddle shift gears this car boasts at 490bhp at 8500rpm with a stunning top speed of 315km/h."
Serepisos was late last month given a bit more time to convince creditors he could orchestrate an orderly sale of his assets with a surplus of some $30 million.
