A group of people in Thailand were selling black market cars, highend cars. I don't know if they were stolen somewhere or were some other form of grey market cars that run rampant in Europe.
The judge involved decided that, instead of auctioning off these cars or offering them for sale through some other venue, they should be crushed. Remember these are not junkyard dogs. The car here is a Ferrari 456 with a market value of 1.2 million.
The U.S. Army did the same with the car collection of Saddam Hussian. I am sure that it was worth millions too. Purchased with the blood and sweat of his fellow man.