Collection of luxury cars of dictator Obiang's son goes to auction

A Lamborghini Veneno leads the auction of the collection of luxury cars that were confiscated from the son of the president of Equatorial Guinea. The auction takes place near Geneva on September 29th.

25 luxury cars from the collection confiscated by Switzerland to Vice President of Equatorial Guinea, Teodoro Nguema Obiang, will be auctioned on September 29th in a 12th-century abbey overlooking the Lake Geneva.

The collection was seized by the Swiss Public Prosecutor's Office on the son of Equatorial Guinea's President Teodoro "Teodorin" Obiang following the money-laundering inquiry opened in 2016.

Although the lawsuit has come to an end in February, the prosecutor's office decided to confiscate the 25 vehicles seized during the investigation and the amount, which the auctioneer Bonhams estimates can yield 12 million euros, will be applied in a social program in Equato-Guinean territory, negotiated by the Swiss Federal Department of Foreign Affairs.

A Lamborghini Veneno leads the auction that the auctioneer evaluates between 4.5 and 5 million euros, presenting it as "one of the nine roadster versions of the latest Lamborghini, which were produced with the colors of the Italian flag to celebrate the 50th anniversary of the company: red, white and green ". In the case in particular, it is a "two-tone white and cream example that has only covered 325 kilometers".

A Ferrari, with just a thousand kilometers, is expected to be sold between 2.3 and 2.5 million euros according to the auction house. It is a "Formula 1 and GT inspired model, described by the Modena manufacturer as the 'most ambitious' Ferrari and the first production car to be equipped with hybrid technology derived from F1," describes Bonhams.

According to the auctioneer, the rarest car in this collection is a Koenigsegg One: 1, one of six produced by the Swedish manufacturer, and should be sold between 1.6 and 2 million euros.

An Aston Martin One 77 (evaluated between 1.2 and 1.6 million euros), a Bugatti Veyron 16.4 (between 600 thousand and 800 thousand euros), a McLaren P1 are still highlighted by the auctioneer from the set of vehicles that also includes models of brands like Maserati, Mercedes-Maybach and Porsche.

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