See all the supercars seized from the son of an African dictator that just sold at auction for $27 million
- Supercars seized from the Vice President of Equatorial Guinea and son of the country's dictator recently went up for auction in Switzerland with Bonhams and the State of Geneva.
- The 26 cars auctioned off for $26,908,636, exceeding the Swiss authorities' original estimate for what the cars were worth, about $18.7 million, the Associated Press reported.
- The auction also set a record for the world's most expensive Lamborghini to ever be auctioned at $8.3 million.
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Super and hypercars once owned by Teodoro Nguema Obiang Mangue, vice president of Equatorial Guinea and son of the country's dictator, Teodoro Obiang Nguema Mbasogo, just auctioned off with Bonhams Auction House in Switzerland.In total, 26 supercars fetched $26.9 million. This includes a 2014 Koenigsegg One:1, 1993 Porsche 911 Type 964 Turbo S 'Leichtbau' Coupé, 2015 Ferrari La Ferrari, and 2011 Aston Martin One-77, which all went for over $1 million in the auction.Advertisement
The cars were originally seized after Swiss officials investigated Nguema Obiang for corruption and money laundering. hailed the sale as a "supercar success" after all 26 cars were auctioned off, an accomplishment compared to the Monterey Car Auction flops earlier this year.
The auction also set a world record for the highest amount achieved for a Lamborghini Veneno, which auctioned off for $8.27 million. This gives it the title of the world's most expensive Lamborghini ever auctioned.Keep scrolling to read about the tainted history of the cars and its owners:
The cars once belonged Vice President of Equatorial Guinea Teodoro Nguema Obiang Mangue, according to the Associated Press.
In 2017, Obiang Mangu was convicted of money laundering and embezzlement of over $100 million, although he appealed the case, the New York Times reported.Advertisement
His father was also investigated a decade prior after an accusation of state money embezzlement was filed against him and two other African heads of states.
In 2011, authorities seized parts of President Obiang’s property, including several luxury cars that were auctioned off.Advertisement
These cars included the Ferrari Enzo and Mercedes Maybach.
In 2016, Swiss authorities confiscated 11 cars and a yacht from the younger Obiang according to the BBC.Advertisement
Swiss prosecutors dropped the charges this past February and returned his yacht after Obiang agreed to pay $1.2 million to cover the investigation and procedural costs, according to the Washington Post.
The 2016 Swiss case was allowed to be closed under the rule that the person being investigated “repaired the damage or done everything that could have been expected of him or her to make up for the wrong that was caused.”Advertisement
Obiang has been known to publicly live an extravagant “playboy lifestyle,” according to the BBC.
The seized cars were sold by the State of Geneva.Advertisement
The 26 cars auctioned off for $26.9 million.
This exceeded the original estimated of about $18.7 million, authorities estimated the auction would fetch.Advertisement
This is the first Bonhams sale to take place in Switzerland in over a decade.
Bonhams called the auction a “very special sale” and a “supercar sweep.”Advertisement
The most expensive car auctioned — and now the most expensive Lamborghini ever to be auctioned — was the 2014 Lamborghini Veneno, pictured, which went for a record-setting $8.3 million. The bidding lasted seven minutes long.
The $4.6 million Koenigsegg One:1 was one of only six examples made and had almost 371 miles logged.Advertisement
The pictured 2015 Porsche 918 Spyder fetched $1.5 million It is one of 918 models made and was auctioned off with 361 miles on it.
Roughly $23.6 million was donated to charity as a result of the auction.Advertisement
The money from the auction will be donated to a charity in Equatorial Guinea.
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