Ferrari 458 Spyder becomes priciest prize ever on “The Price Is Right”
#1
Ferrari 458 Spyder becomes priciest prize ever on “The Price Is Right”
Host Drew Carey and model Manuela Abrealez revealed the biggest prize in the show's history: a 570-hp Ferrari 458 Spyder.
Yahoo News Link
Yahoo News Link
Nothing has kept viewers tuning into "The Price Is Right" for four decades quite like the spectacle of watching a tourist play an oversize board game to win a new car. Three years ago, the show gave away a Tesla Roadster, its most valuable car ever — until today, when as part of the show's "Big Money Week," host Drew Carey and model Manuela Abrealez revealed the biggest prize in the show's history: a 570-hp Ferrari 458 Spyder.
The contestant, Therese, had to play "Three Strikes," the game where the player draws numbers from a bag and matches the digits of the car's price in their correct order while avoiding the dreaded red strike. When "The Price Is Right" contestants first started pulling numbers from a bag for Bob Barker, the cars only had four-digit prices; with the Ferrari's sticker price of $285,716 and three strikes, Therese's odds were slightly better than the typical contestant's.
The contestant, Therese, had to play "Three Strikes," the game where the player draws numbers from a bag and matches the digits of the car's price in their correct order while avoiding the dreaded red strike. When "The Price Is Right" contestants first started pulling numbers from a bag for Bob Barker, the cars only had four-digit prices; with the Ferrari's sticker price of $285,716 and three strikes, Therese's odds were slightly better than the typical contestant's.
Within her first three draws, Therese had two strikes.
From there, she picked a string of numbers, but tried to put the 6 and 8 as the first digit in the Ferrari's price. By the time the third strike appeared, Therese had not matched a single number, and out came the saddest of trombones.
It's probably for the best; Therese would have likely owed a hefty tax bill had she won the car, not to mention thousands in insurance if she wanted to drive it; as we were noting earlier this week, history suggests people who win supercars aren't always prepared for life behind the wheel. The TPIR Recap blog has the full report on whether Therese won some consolation in the Showcase Showdown, but the other contestant who played for a car in today's episode came up a winner, and will enjoy his new Hyundai Elantra.
The Spyder will hold its title of most-expensive Price Is Right car for some time, but will only last a day as the biggest prize, thanks to Friday's promise of a Plinko game worth $500,000.
From there, she picked a string of numbers, but tried to put the 6 and 8 as the first digit in the Ferrari's price. By the time the third strike appeared, Therese had not matched a single number, and out came the saddest of trombones.
It's probably for the best; Therese would have likely owed a hefty tax bill had she won the car, not to mention thousands in insurance if she wanted to drive it; as we were noting earlier this week, history suggests people who win supercars aren't always prepared for life behind the wheel. The TPIR Recap blog has the full report on whether Therese won some consolation in the Showcase Showdown, but the other contestant who played for a car in today's episode came up a winner, and will enjoy his new Hyundai Elantra.
The Spyder will hold its title of most-expensive Price Is Right car for some time, but will only last a day as the biggest prize, thanks to Friday's promise of a Plinko game worth $500,000.
#4
Lexus Test Driver
I always wondered if they would just sell the car if they can't afford it, or drive it or tow it to a nearest dealership? Anyone know if a dealership will pay cash for such a trade?
#7
Lexus Test Driver
I remember years ago I can't remember if it was a hospital lotto or something, you had a chance of winning a Spyker or Koeningsegg. Just imagine winning those and having to pay taxes.
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#8
Lexus Test Driver
Funny... I was at a jewelery auction today and they had a 2011 red 458 Italia with 5000 kms, they said $60,000 worth of upgrades. They had it valued at $350,000. A gentle man had the winning bid at $175,000, he said he already had a Ferrari when asked if he knew he would have to drive it out of town to get serviced and an oil change would run around $500 and needed to be done every 5000 kms. All he has to do is hope no one in Toronto and Montreal outbid him.
Considering they are listed on autotrader for $270 - $290k, he paid $227k after a 15% handling charge and 13 % tax. Pretty good pick up for him.
Considering they are listed on autotrader for $270 - $290k, he paid $227k after a 15% handling charge and 13 % tax. Pretty good pick up for him.
#9
I've always wondered how the Price is Right handles taxes. I assume at the DMV they treat it as a "gift" so you don't have to pay sales tax, just register it. Does the tax bill come from the IRS at the end of the year or what?
#12
Lexus Test Driver
Back in the day, many people sold their big prize cars. I remember reading the Autotrader in teh 80's and seeing many ads stating, "won in gameshow, never titled..."
I'm sure today a dealer would be happy to buy out someone's prize they couldn't afford to keep.
I'm sure today a dealer would be happy to buy out someone's prize they couldn't afford to keep.
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