A Chelsea estate agent is selling his Porsche for £20 — but there's a catch

(Instagram @edbezzant)

Chelsea estate agent Ed Bezzant -- called @edbezzant on Instagram -- leads a pretty extravagant life.

The close friend of Made in Chelsea star Sam Thompson lives in London, and shares photos of his expensive cars, clothes, and watches as well as snaps of extravagant travels and parties.

Now, it seems Bezzant has found what could be a genius way of making some extra cash.

According to an Instagram post, he is raffling off 2,500 tickets for £20 each for a chance to win his Porsche Cayman.

While this might seem like a steal -- and good odds -- for an expensive car, if he sells all of the tickets he will make £50,000 -- more than the recommended retail price of a brand new 718 Cayman (£42,897.00), the latest edition of the car.

The Instagram post states: "Selling my Porsche for £20 - I am selling 2500 raffle tickets via DM the raffle will take place once all 2500 are sold and I will put every single entry in to an instagram live draw - this is 100% genuine and someone will be signed over the papers to the car if they are picked you can buy as many entry's as you like all will be confirmed Via email as well as how to pay. Let the game begin."

Bezzant told Business Insider that the contest is "partially to buy a new car but main reason being I have a wedding to pay for next year and got to give her a day to remember."

Bezzant had originally announced his plans to sell the car in July, calling it a "little beauty of a Porsche" in an Instagram post. "It's been an emotional 2 years," he added.

Bezzant frequently posts pictures of the Porsche, either of its various locations...

...Or of its many uses.

Even his dog appears to be a fan.

If this Instagram post is to be believed -- captioned "All packed up for our trip in current car whilst parked behind my next car ..coming soon" -- he's got his eyes set on a Porsche Carrera as his next car. Once he sells a few raffle tickets, that is.

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