Spain will Auction 2 Ferrari’s Belonging to Ex-King. They were given as gifts to former King Juan Carlos are to be auctioned off by the Spanish government, with starting prices of around 350,000 euros ($400,000) each. The king said that they were hardly used cars. The king Juan Carlos stepped down last year after a four-decades and his son Felipe started ruling. The price of the car on the auction will be high because the cars are collector’s item of a former king.