A collection of luxury cars confiscated by Geneva authorities from a son of the ...
CHESEREX, Switzerland - A collection of luxury cars confiscated by Geneva authorities from a son of the president of Equatorial Guinea is estimated to fetch 18.5 million Swiss francs this weekend, Bonhams auction house said on Friday.
Twenty-six Ferraris, Lamborginis, Bentleys, and Rolls-Royces owned by the vice president and former agriculture minister known as Teodorin are displayed at Bonmont golf and country club in the Swiss village of Cheserex, 30 km from Geneva, ahead of Sunday’s sale. Billed as the “Supercar Collection”, the Obiang cars do not have a minimum reserve price and have drawn interest from collectors in Europe, the United States, Middle East, and Far East, he said.
“It is the first time such a car is being offered at public auction,” Knight said. “Buyers want a car to have had few owners, a service handbook and a low odometer reading.”
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