Seized supercars raise CHF 27m at auction for Equatorial Guinea
An auction of 26 supercars has raised CHF 27m and the money will go to charities in the small African country of Equatorial Guinea.
The collection included Lamborghinis, Ferraris, Bentleys and a McLaren.
The cars had been seized by Geneva authorities from the son of the country’s leader. They’ve been auctioned at the Bonmont Golf Club in canton Vaud.
Equatorial Guinea is oil rich, but the people are poor. Several international organizations claim the country has an abysmal human rights record and is highly corrupt.
A Geneva court rejected the argument the cars were official government vehicles.