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