GENEVA -- 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.
The 25 lots sold by auction house Bonhams included a white-and-cream 2014 Lamborghini Veneno roadster that cost the buyer $8.4 million, comprising a 15% premium for the auction house but with potential taxes still to be added.
The supercar -- one of only nine such versions produced -- had been driven only 201 miles and has an official top speed of 223 mph, Bonhams said. Total proceeds from the sale beat the $18.7 million that authorities had hoped to fetch for a charity to benefit the people of oil-rich Equatorial Guinea.
The auction comes after the Geneva prosecutor's office announced in February it had closed a case against Teodoro Nguema Obiang Mangue, the son of the country's four-decade president, Teodoro Obiang, and two others following a probe of money laundering and mismanagement of public assets. Swiss authorities seized the cars and ordered the sequestration of a yacht in 2016.
Other cars sold at the Domaine de Bonmmont golf club on the edge of Geneva included a yellow 2003 Ferrari Enzo for 3.1 million francs, and a 2015 Koenigsegg One.
An armored 1998 Rolls-Royce Silver Spur limousine described as being "perfect for someone with enemies" but requiring extensive work was also among the lot.