For the rest of us, the idea of selling something at auction could mean eBay and win a few bucks.
For Justin Bieber, going to an auction with prized possession means he is leaving with more than six figures of profit. Bieber, despite his various publicity mistakes in recent years, remains monstrously popular with his fans.
And for many of his loyal fans, there isn’t too much money to spend on something Bieber owns. So what did you sell at an auction that left you $ 434,000 richer in the final bid?
A little history of Justin Bieber
Justin Bieber, as many already know, is the Canadian songwriter and singer who took the music industry by storm when he landed a major record deal with Usher. Starting as a YouTube star and local talent contestant, Bieber became the first solo artist to create four Top 40 singles before releasing an album.
Her debut album in 2009, My world, became platinum worldwide. He soon became a bad boy in the industry with unscrupulous behavior. But he came back strong in 2015 with another number one song, “What Do You Mean?”
Since then, Bieber has collaborated with others, including Luis Fonsi. He broke records again this year when his Changes The album made Bieber the youngest ever to have seven albums that rise to the top of the Billboard Hot 200.
Justin Bieber loves his cars
RELATED: Justin Bieber was once accused of fathering a son with a fan
With their massive success in the music industry, they come great sources of continued income. The teenage heartthrob has invested part of his fortune in his elaborate collection of expensive and exotic cars.
Puff Daddy gifted him a $ 200,000 Lamborghini Gallardo Spyder for his sixteenth birthday, and that may have solidified Justin Bieber’s love for high-end travel. Bieber continued to build up his collection of glamorous wheels by purchasing a Lamborghini Aventador, a performance beast that can go from zero to 60 in just 2.9 seconds when he was 18.
He also bought the grandfather of all Mercedes-Benz models with the AMG SLS. This 571 hp engine and its sleek design are generally priced at $ 115,000 to $ 500,000. Bieber is also a fan of customization, and even owns an Audi R8 with a full custom leopard paint job.
Auction moved away from $ 434,000 richer
One of Justin Bieber’s sweet rides was up for auction, and enthusiasts were drooling over the 2011 Ferrari 458 Italia, which was on display for all bidders to see. This blue Bieber-mobile was a custom wide car, and the car would only make a lot of money if it was fresh in the car lot.
But with Justin Bieber’s keepsake item, according to Hot Cars, the Barret Jackson auction was excited to see how high the bid would finally be. When the hammer fell, the Ferrari sold for $ 434,000, and Justin Bieber left with a few extra dollars in his pocket.
To sweeten the deal, Justin Bieber attended the auction and helped promote how great his selling Ferrari was. He announced to the crowd that he had owned this stylish Italian car for almost two years and that it was, in fact, the first Bieber Ferrari.
He went on to say for Charity Motors: “I have to say goodbye to my baby!” But the winning bidder would not go home with an amazing sports car. Bieber also offered to leave a pair of his “old Calvins” in the car and also included an exclusive pair of tickets to one of his concerts in the United States.
Justin Bieber, regardless of how you feel about his music, has certainly learned one or two things about marketing his brand over the years. It is the wisdom he has gained in his career that has helped him recover from bad publicity and continue to produce chart hits. His charisma may have also helped him get the best price for his Ferrari at auction. And while $ 400,000 richer walked away, it’s a dip in the bucket compared to its overall earning potential.