And what a car collection it is.
In February, Swiss prosecutors finally closed an inquiry into Teodoro Nguema Obiang for money-laundering and misappropriation of public assets. If the name Teodoro Nguema Obiang sounds familiar, he's been spoken of here on CarBuzz before. He's the son of President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea, who is also a bloodthirsty dictator heading one of the most corrupt administrations the world has to offer. The son was first on our radar back in 2016 when he had his first 11 supercars seized in Paris. Now, he's back in the news because Bonhams is auctioning off 26 of his luxury and supercars in Switzerland.
The cars were confiscated by Geneva authorities and Bonhams is expecting them to fetch around $18.67 million this weekend. The best bit is that they go up without reserve and buyers can be relatively guilt-free as the money generated from the sales will fund social programs in Equatorial Guinea.
Currently, the vehicles displayed at a golf and country club in the Swiss village of Cheserex, and includes one hell of a headliner: A white Lamborghini Veneno Roadster with the initials TNO emblazoned on the hood. It's one of nine made, and only has 200 miles on the clock. It's expected to sell for over $5 million.
The collection also includes seven Ferraris, a McLaren P1, a Koenigsegg One:1, a Porsche 918 Spyder, and a Bugatti Veyron, as well as Rolls-Royce and Bentleys because, of course, that's what the son of a dictator would buy. What's hilarious though is that he just can't seem to hang on to a collection for very long. That's 37 cars in total that many of us would dearly love to just drive, let alone own, and have been confiscated from Obiang junior. Most of them have mileage on the clock in just the hundreds or low thousands. We're just glad they will go to homes that will actually appreciate them now.