Preston Henn started and own Swap Shop flea market in Fort Lauderdale, Fl.
The self-made maverick was a throwback to a different time in America, he amassed his fortune renting space to flea market merchants across three massive properties. With decades of income generated by facilitating hand-to-hand sales of everything made available today via digital transactions on eBay, Henn was blessed with the power and means to race throughout the globe and acquire every car that caught his interest.
Henn comes from a time when if you could afford it, you could buy it. Therefore, he bought only the top of the line, finest cars, this included buying a brand new Ferrari every year, for many years. Henn collected Ferraris for close to 50 years and owned something called the 06558 275 GTB/C Berlinetta Speciale, which is worth an estimated $100 million. Henn also used his self-made fortune to win the 24 Hours of Daytona—twice.
This Ferrari 360 Spider, was Henn's personal purchase for 2004, and most recently owned by National car expert and collector, Hamtown Al, Al Casteen, in Smithfield Virginia.
Ferrari Spider 360 Auction Terms and Conditions
Please carefully review and agree to the following terms and conditions before participating in the online auction for the Ferrari Spider 360:
1. Payment Method:
- Payment for the Ferrari Spider 360 must be made by wire transfer only. Cash, checks, credit cards, or any other form of payment will not be accepted.
2. Buyer's Premium:
- A buyer's premium of 8% will be added to the final hammer price of the Ferrari Spider 360. This premium is non-negotiable and will be included in the total purchase price.
3. Preview by Appointment Only:
- To inspect the Ferrari Spider 360, appointments must be scheduled in advance. Walk-ins will not be accommodated. Please contact Fred Wilson at 757-328-0499 to arrange a preview appointment.
4. Online Auction Only:
- This auction is conducted exclusively online. Bidding can be done through the designated online platform. All bids are binding and final.
5. Vehicle Location:
- The Ferrari Spider 360 is located in Smithfield, VA. The buyer is responsible for all costs associated with transportation, pickup, and delivery of the vehicle.
6. Inspection and Sold "As-Is":
- The Ferrari Spider 360 is sold "as-is," without any warranties or guarantees, either expressed or implied. It is the responsibility of the buyer to thoroughly inspect the vehicle and satisfy themselves regarding its condition before placing a bid.
7. Bidding Process:
- Bids may only be placed through the designated online auction platform. Bidders must register before participating and adhere to the platform's terms and conditions.
- Bids made cannot be retracted, and all sales are final.
8. Payment Deadline:
- Payment for the purchased Ferrari Spider 360 must be received within 48 business hours from the close of the online auction. Failure to make timely payment may result in the forfeiture of the vehicle, and the buyer may be held liable for any associated costs. There is a $1000.00 non-refundable deposit required and the balance by wire transfer payment.
9. Title and Ownership Transfer:
- Ownership and title to the Ferrari Spider 360 will only be transferred to the buyer after full payment has been received and cleared by the auction organizers.
10. Taxes and Fees: - The buyer is responsible for any applicable taxes, duties, and fees related to the purchase of the Ferrari Spider 360.
11. Reserve Prices and Seller's Rights: - The Ferrari Spider 360 may have a reserve price set by the seller. The auctioneer reserves the right to accept or reject any bid below the reserve price.
12. Auctioneer's Discretion: - The auctioneer reserves the right to amend, modify, or clarify these terms and conditions at their discretion, as well as the right to cancel or extend the auction.
13. Governing Law: - These terms and conditions are governed by and construed in accordance with the laws of the Commonwealth of Virginia, and any disputes arising from this auction will be subject to the exclusive jurisdiction of the courts in Hampton, VA.
By participating in the online auction for the Ferrari Spider 360, you acknowledge that you have read, understood, and agreed to these terms and conditions. Failure to comply with these terms may result in disqualification from the auction and legal action.
For further details and inquiries, please contact Fred Wilson at 757-328-0499.
