Governments raise billions auctioning cars, ships and trams

June 13, 2012

THE ASAHI SHIMBUN

Central and local governments raised 3.45 billion yen ($43 million) in fiscal 2011 selling off everything from a Ferrari to a streetcar.

The auctions on the Yahoo! Japan Corp. Internet service feature surplus property owned by the governments but also goods seized from tax delinquents.

A Ferrari sold by the Tokyo metropolitan government fetched 22.8 million yen, the highest price for an automobile since Yahoo! Japan started the service in 2004.

A Porsche sold for 7.3 million yen, while a Nissan GT-R was bought for 5.95 million yen, according to a Yahoo! Japan announcement on June 12.

A ship used for visits to the Northern Territories off the coast of Hokkaido cost 46.19 million yen, a road sweeper reached 4.81 million yen and a street car from the Kumamoto municipal transportation bureau sold for 1.28 million yen. One bidder bought beer brewing equipment from Nagasaki for 6.88 million yen.

In fiscal 2011, 32,000 items came under the hammer. Land plots dominated the list of the most expensive items.

A residential plot auctioned by Mitaka, western Tokyo, attracted the highest price at 587.9 million yen.

In previous years, the highest price fetched on the Yahoo! Japan service was 630 million yen for a plot of land in Iwade, Wakayama Prefecture. A closed elementary school was bought for 30 million yen.

THE ASAHI SHIMBUN
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A Ferrari auctioned by the Tokyo metropolitan government (Provided by Yahoo! Japan Corp.)

A Ferrari auctioned by the Tokyo metropolitan government (Provided by Yahoo! Japan Corp.)

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  • A Ferrari auctioned by the Tokyo metropolitan government (Provided by Yahoo! Japan Corp.)
  • A streetcar auctioned by the Kumamoto municipal transportation bureau (Provided by Yahoo! Japan Corp.)