Fed taxes on a $380,000 Lambo will probably be something over $100k - and he's going to have to pay them on the new-car value; it's probably irrelevant to the taxman that he banged it up a couple of hours later. (He thinks a holed oil pan and a few wrinkled fenders will be cheap to repair . . . on a Lamborghini? Done right, I'll guess at a minumum it will run well into 5 figures. Wonder if he had arranged for insurance . . . )
Had I won the car, I would've tried to provide for its sale before I took delivery.