Why is Justin Bieber Auctioning off His Ferrari at Barrett-Jackson Scottsdale? [VIDEO]

Jan 11, 2017 12:23 PM EST | BC Tabotabo

Pop star Justin Bieber will possibly show up on stage at the Barrett-Jackson car auction in Scottsdale on Jan. 21. The famous auction house has revealed that he will be selling his Ferrari 458. Other interesting cars at the auction include an Austin Princess owned by John Lennon of "The Beatles" and a Venom GT Spyder owned by "Aerosmith" singer Steven Tyler.

Barrett-Jackson, Scottsdale. This January's Barrett-Jackson event will see a lot of celebrity cars. Among the star-studded car owners are pop star Justin Bieber; NASCAR's Dale Earnhardt, Jr.; The Beatles' singer best known for the song "Imagine," John Lennon; Burt Reynolds, and "Aerosmith" frontman Steve Tyler.

One remarkable find for car collectors is a 1956 Austin Princess that once belonged to John Lennon, the legendary Beatles songwriter. The former Beatles member featured this car in his 1972 documentary film "Imagine," which was released during his album release of the same name. Lennon customized the car unusually putting in two rows of airline seats complete with ashtray arms.

The "I Don't Want to Miss a Thing" singer will be bringing his Venom GT Spyder (Lot #3003) which will be up for auction on Friday, Jan. 20. 100 percent of the price will be going to the charity Janie's Fund. The legendary singer of "Aerosmith," Steven Tyler and pop star and singer of last year's hit song "Love Yourself," Justin Bieber are even expected to be on stage during the event.

NASCAR great Dale Earnhardt Jr. will also be auctioning off two cars for auction on the same day as Bieber. All proceeds will benefit Nationwide Children's Hospital. He will be auctioning off a 1970 Chevrolet Chevelle designed by Dale Jr. himself and a 2014 Chevrolet #88 race car.

Actor Burt Reynolds will be visiting Barrett-Jackson once again to sell his very own 1978 Pontiac Firebird Custom Coupe. Reynolds was a big name during the 2016 Scottsdale event when the original 1977 Trans Am used as the "Smokey and the Bandit" movie promo car sold for $550,000.

Justin Bieber's 458 Italia. Bieber will be auctioning off his Frozen Blue 2011 Ferrari 458 Italia at the Scottsdale auction. This stunning car will be auctioned on Saturday, Jan. 21 as Lot #1372.

The remarkable custom Ferrari F1 Edition was designed and created by West Coast Customs in Corona, California which is known for making "Pimp My Ride" transformations. It has so many added modifications including a custom-built interior, 20-inch wheels, 2,000-watt 10-in subwoofer, and matching MB Quart separates. The car is a seven-speed-automatic with an eight-cylinder, 4.5-liter engine.

There has been no mention of whether or not this car will be auctioned for charity. It is known that the car was involved in a rear-end collision in California as well as other misdemeanors. According to the Barrett-Jackson vehicle description, the damage report states that the airbags did not deploy.

The 458 Italia ordinarily has a starting price of $240,000. The "Love Yourself" singer also owns a $1.4 million Ferrari LaFerrari, several Lamborghini's, a Porsche Turbo, an Audi R8, and a Fisker Karma.

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