Iran president sells his banger for big bucks

Tom Webster

Would you buy a 1977 Peugeot 504 saloon for £1.5m? Probably not, but then you might reconsider if you have Iran president Mahmoud Ahmadinejad breathing down your neck, as that is exactly what an anonymous buyer has done.

The car was not just any old battered classic though, as it belonged to the Iranian leader and had once been used as his official car. Still, the final price is far in excess of the £1,000 value of such a vehicle.