Fraudster's Incredible Car Collection Fetches $44 Million

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The most expensive car sold was a Ferrari 225 S Berlinetta fetching nearly $3 million.

Najeeb Khan, the former CEO of Interlogic Outsourcing, has an incredible car collection that will make gearheads jealous, featuring over 240 vehicles ranging from modern supercars and classic sports cars to obscure rarities. He even owns a rare 2006 Ford GT Heritage Edition previously owned by Wayne Gretzky.

Last year, Khan was accused of fraud and declared bankrupt, and now he's paying for his crimes by being deprived of his cherished car collection. To help pay some of Kahn's debts estimated at $100 million, the accused fraudster's auto collection was sold off by RM Sotheby's during a bankruptcy auction last month. The collection was expected to fetch between $35 and $40 million, but the total sales exceeded expectations at $44,385,420, with 2,500 bidders from 53 countries.

RM Sotheby's
RM Sotheby's
History Of Audi's Greatest RS Models
History Of Audi's Greatest RS Models
Cars That Are Even Rarer Than You Thought
Cars That Are Even Rarer Than You Thought

Out of the collection, over eight cars fetched over $1 million. One of the star cars of the auction was an extremely rare 1952 Ferrari 225 S Berlinetta by Vignale, which sold for $2,810,000. The fifth of 21 examples built, the 225 S Berlinetta has an illustrious competition history, finishing 2nd at the 1952 12 Hours of Casablanca, 4th at the 1952 Monaco Grand Prix, and 10th at the 1952 Mille Miglia.

Another rarity was a 1955 Cooper-Jaguar T38 Mk II that sold for $1,765,000. One of only three examples in the world, the Cooper-Jaguar achieved numerous victories at Goodwood and Silverstone during the 1950s and has been recommissioned to compete in international events.

RM Sotheby's
RM Sotheby's
RM Sotheby's

A one-of-15 1953 Fiat 8V Supersonic by Ghia also sold for $2,040,000 and a 1957 Jaguar XKSS competition car fetched $1.9 million. This was one of three rare Jaguar continuation cars that were sold at the auction, including a 1963 E-Type Lightweight and 1955 D-Type that sold for $1,710,000 and $1,325,000, respectively.

Another highlight was a 1955 Mercedes-Benz 300 SL Gullwing with matching-numbers chassis, engine, gearbox, and body. Delivered to Scuderia Ferrari driver Umberto Maglioli, the hammer went down at $1,495,500. There was also a beautifully restored 1969 Lamborghini Miura P400 S for $1,160,000, and one of 62 left-hand drive US 1967 Toyota 2000GT cars that brought $912,500.

RM Sotheby's
RM Sotheby's
RM Sotheby's
RM Sotheby's

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