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Swiss authorities to auction off a prince’s seized hypercars

By Cameron Kirby, 24 Jun 2019 News

A booty of hypercars seized by authorities is now up for auction

Car collectors have a rare opportunity to snap up ultra-cool metal

French authorities are putting a drool-worthy garage of hypercars up for auction and not one of them has a reserve.

Seized three years ago, the vehicles are now being sold after their owner was found guilty of embezzlement.

Read: Over $10million in exclusive supercars seized by Swiss government

The group of hypercars were seized by Swiss authorities in 2016, and were owned by Teodoro Nguema Obiang Mangue - the son of President Teodoro Obiang Nguema Mbasogo, who leads the impoverished but oil-rich West African state, Equatorial Guinea.

Included in the exotic bunch of 25 cars are an Aston Martin One-77, Bugatti Veyron, Ferrari LaFerrari, Koenigsegg One:1, Lamborghini Veneno Roadster and McLaren P1.

Of the group, the Koenigsegg One:1 is the rarest, being just one of six ever built, while only nine of the Veneno Roadsters ever rolled out of Lamborghini’s factory doors.

Dictator's million dollar supercars seized, sold.

The hypercars are all million-dollar vehicles (some of them multi-million), and even just individually would be bucket list vehicles. To have them all - or at least to have once been - in a single garage is rather impressive. However, how Mangue came to own the group is by stealing from the country his father leads, which is renowned for corruption and is one of the most impoverished states in the world.

Mangue was found guilty of embezzlement in a French trial in 2017, and now auction house Bonhams is putting the seized cars under the gavel without reserve.

It’s not the first time Mangue has had big-value cars seized by authorities either. In 2012, French police seized a collection which included a Bugatti Veyron Grand Sport, Maserati MC12, Ferrari 599 GTO, Bugatti Veyron, Porsche Carrera GT, and much more.