It has been said that cars depreciate the moment they are driven off the dealership lot, but Kanye West has found a way to defy all odds by turning an absolutely massive profit by selling his fleet. He has been selling off many of his high priced belongings lately. He has just listed his mega ranch in Wyoming for $11 million, and now he has no need to keep the impressive fleet of cars that he had parked there. He initially sold back his cars to the local Ford dealership in Cody Wyoming, and they put them up on the auction block. On their own, the cars are barely impressive, but being previously owned by Kanye West adds some spice to the price. The fleet of 7 cars has sold for an astounding $434,780.
Kanye West knows a thing or two about buying fine things, and has made sure to surround himself with life's finest luxuries. He's been known to spend excessively on a variety of items, and he can most definitely afford to purchase any cars that he sets his eyes on. However, when it came to his Wyoming ranch, he parked 7 fairly average cars in his garage that have since been put on the auction block by Harold Musser of Musser Bros. Auctions.
Everyone knew that these cars would draw a huge crowd, but the actual dollar value they sold for far outweighed the actual value of the cars themselves. Of course, the fact that they once belonged to Kanye West makes all the difference.
This unique auction proved to have a whole lot of reach. It generated over 137,000 views and garnered well over 800 bids from eager fans that were located all over the United Stages. The fact that these vehicles once belonged to the music mogul was enough to draw in a huge crowd, and this ended up being the biggest auction ever for Musser Bros.
What started off as a quick way to offload cars that he no longer needed, quickly turned into a history-making moment. One of the trucks, Kanye's 2019 F-150 Raptor managed to sell for the astronomical price of $86,900. Then, there was the additional 10% billing of the buyer premium. This made this truck the most expensive Ford Raptor that has ever been sold.
The vehicles that sold as part of this exclusive auction included a 2020 Ford Expedition Limited Stealth edition, a 2016 F-350, a 2018 F-150 Raptor, a 2017 F-250, and a 2020 Ford Expedition XLT Max.
Sources: TMZ, Vanity Fair