Monaco To Auction Cars From €30

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Nancy Heslin   Forbes Monaco

Monaco To Auction Cars From €30

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The State’s annual impound car auction takes place this month with a minimum bid of €30 for one of 10 cars—Renault, Peugeot, Fiat, Toyota, Audi, Mitsubishi—or €15 for one of the 24 two-wheels.

There are additionally repaired vehicles (a Peugeot 206 plus two motos) and 18 bikes and found objects. Some of the vehicles may be unsuitable for public roads.

The auction is open to anyone, not just Monaco residents, and lots can be viewed next week, Monday, March 8 to Friday, March 12, from 12 p.m. to 3 p.m., at the pound at 3 rue des Guelfes, but check in advance about health protocol and visitation.

Bids can be submitted only on the forms available on the government website until Friday, March 19 at noon.

Cars are sold as is, and there is a no return policy. Any cost relating to registration or other formalities falls on the new owner. “The Domain Administration may not be in possession of all administrative documents and/or keys, which could cause some difficulties for registration, both in Monaco, abroad and, more particularly, in France,” the government states.

According to Monaco-Matin, bids open in the presence of the General Spending Control and the highest bidder will be notified by the State Property Authority. The response time is three months.

The State Property Authority then prepares the adjudication-sale documents which will be submitted on the day of payment with the administrative status certificate (for vehicles registered in France).

Documents necessary for vehicle registration can be made only in the name of the person making the offer and in the event of a dispute, Monaco will have exclusive jurisdiction, with application of Monegasque law only.

A list of auction items can be viewed here.

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Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.