In a pickle, so flashy toys go

Wednesday, 20 June 2012

Carleen Frost, The Daily Telegraph

THEY’RE the flashy toys the boys from the big end of town can no longer afford.
A Ferrari Scaglietti Sessanta, custom-made chopper motorcycle and 14-seat Hummer have gone under the hammer at the quarterly Pickles Auctions.
All either repossessed or being sold on behalf of government departments or fleet companies, 91 prestige vehicles were auctioned at the Royal Hall of Industries in Moore Park on Monday night.
Pickles national prestige manager Steve Allen said there had been a spike in repossessions, with many blaming tough financial times.
‘‘It’s not panic stations but there has been an increase (in repossessions) over the last few months,’’ he said. ‘‘A lot of them have been from the richer end of town from people who are genuinely struggling.’’
At the sales, the Hummer sold for $126,000 while the chopper went for $18,000. The two-tone, red-black Ferrari sold for $302,000.
 

Pickles National Prestige Manager Steve Allen in a H2 Hummer stretch limo.
Picture: Bob Barker