Last month we made you aware of an auction of a rare Ferrari 330 P4 race car to cover $3 million in back taxes owed by a Florida millionaire. We hate to break it to those with the $2 million minimum bid in hand that the auction has been canceled. Walter Medlin paid his $2,921,293 owed to the IRS and will getting the Ferrari back. The Ferrari was expected to fetch in upwards of $10 million for the U.S. government.

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