More than two dozen cars seized from Teodoro Nguema Obiang Mangue, the vice president of Equatorial Guinea, are set to be auctioned off later this year.
Details about the auction remain limited but it will reportedly be hosted by Bonhams at the Bonmont Golf & Country Club in Switzerland and the collection is expected to bring in at least $13 million, all of which will be funneled into social programs in Equatorial Guinea.
Obiang is extremely wealthy and has come under fierce criticism over the decades for his misuse of state funds. He once owned a mansion in France said to be worth €100 million ($111 million) and amassed a huge collection of exotic cars, many of which were seized in 2012 and in 2016, GTspirit reports.
Also Read: Lamborghini Veneno And Koenigsegg One:1 Seized From Equatorial Guinea’s Vice President
In 2012, French authorities seized a number of his vehicles and quickly auctioned them off, including a Bugatti Veyron Grand Sport, Maserati MC 12, Ferrari 599 GTO, Bugatti Veyron, Porsche Carrera GT, and more. In 2016, it is reported that 25 cars were seized from the politician in Switzerland and it’s these vehicles which are set to be auction off.
The four highlights of the collection are a bespoke Lamborghini Veneno Roadster, a custom Koenigsegg One:1, a yellow McLaren P1, and a bright blue Bugatti Veyron. Lamborghini only ever built nine units of the Veneno Roadster, each with a starting price of $4.5 million and it’s entirely possible Obiang’s car will sell for more than that. The One:1 is also extremely rare being one of just seven units to ever reach the hands of customers. Other vehicles said to be bound for the auction include a Ferrari Enzo, LaFerrari, Aston Martin One-77, and a Ferrari F12 tdf.