Sachin sold the Ferrari car, which was presented to Tendulkar by racing legend Michael Schumacher, to Jayesh Desai, Chairman of Raj Hans group.
"I have bought the 360 Modena Ferrari car directly from Sachin Tendulkar with all legal documents," Desai said, but declined to reveal the price.
The Ferrari car, which was gifted to him by FIAT, after the Indian batting legend equaled Don Bradman's tally of 29 Test centuries.
This car was in news in 2003 after Tendulkar had requested for a customs duty waiver despite getting it as a gift and not winning it as a prize in a tournament
Later, government decided to exempt Sachin from paying around Rs 1.13 crore towards import duty for the vehicle.