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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

Kleptobrat Teddy Obiang’s ludicrous supercar collection heads to Geneva auction

Twenty-five supercars seized by Switzerland in 2016 from Teodoro Nguema Obiang Mangue, the vice president of Equatorial Guinea and son of the president, will be auctioned to the public in September. 

The auction is expected to raise around $13 million, auction handlers Bonhams said in a statement

The collection is being “offered for sale by the State of Geneva, to be sold without reserve,” Bonhams said. 

Mauro Contessotto, the state auctioneer for Geneva, will conduct the proceedings. 

Some of the supercars on offer include a Lamborghini Veneno ($5 million), Ferrari – La Ferrari ($2.6 million), Koenigsegg One:1 ($1.8 million), McLaren P1 ($1.5 million), and a Bugatti Veyron 16.4 ($700,000).… Continue Reading