September 29, 2019
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Cars taken from Equatorial Guinea leader's son sold for $27M

Car lovers from around the world splashed out more than $27 million at an auction Sunday for dozens of luxury cars seized from the son of Equatorial Guinea's president in a Swiss money-laundering probe.
Cars taken from Equatorial Guinea leaders son sold for $27M
The 25 lots sold by auction house Bonhams included a white-and-cream 2014 Lamborghini Veneno roadster that cost the buyer 8.28 million Swiss francs ($8.4 million), comprising a 15% premium for the auction house but with potential taxes still to be added.
Total proceeds from the sale beat the 18.5 million francs ($18.7 million) that authorities had hoped to fetch for a charity to benefit the people of oil-rich Equatorial Guinea.
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