A collection of ultra-expensive supercars worth $13 million, seized from the extravagant vice president of Equatorial Guinea as part of a corruption probe, will be auctioned in Switzerland later this year
Swiss authorities took the luxury stash of 11 vehicles from Teodoro Nguema Obiang Mangue, the son of the central African nation's longtime leader, in 2016 after an investigation into money laundering.
Among the set is a roadster version of the Lamborghini Veneno adorned with the colors of the Italian flag -- one of just nine produced to celebrate the manufacturer's 50th anniversary -- which has an eye-popping estimate of more than €4.5 million .A limited edition LaFerrari with an estimate of up to €2.5 million is also up for grabs, while a 1,300-horsepower Koenigsegg One:1 -- of which just seven were ever produced -- is expected to fetch up to €2 million.
Also in the collection are a McLaren P1, an Aston Martin One-77 and a Bugatti Veyron. None of the cars has racked up more than a few thousand miles.organized by London-based auction house Bonhams, will take place in Geneva on September 29. Geneva police seized the fleet from a cargo area in the city's airport in 2016 after criminal proceedings were opened against Obiang, whose expensive tastes have been the subject of probes by authorities in several countries.Assyl Yacine of Tomini Classics drives a Jaguar E-Type in Dubai. The emirate's saturated supercar scene means a buoyant secondhand market full of nearly new models to all-time classics.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tutankhamen head fetches millions at UK auction despite Egypt's protestThe over 3,000-year-old sculpture was sold at Christie's London auction house for around $6 million despite protests from the Egyptian government.
Read more »
A Frida Kahlo Makeup Collection Exists, and It’s Just as Epic as You’d ImagineHere's everything you need to know.
Read more »
NFL's Kam Chancellor Launching Shoe CollectionRetired NFL star Kam Chancellor is in the shoe game now!
Read more »
Here's Your First Look at Liam Payne's HUGO CollectionDesigner-singer-model? We stan a multihyphenate.
Read more »
Simon Miller Just Dropped A 'Grease' Collection, And It's PerfectMade of 100 percent post-consumer recycled materials, the soon-to-launch sneaker label has a luxurious, minimalist feel
Read more »
Long-lost medieval chess piece fetches $929K at auctionIn 1964, this chess piece was bought for $6 (£5) by an antiques dealer in Scotland. This past week, it sold for $929,000 (£735,000) at auction.
Read more »