Supercars taken from African leader’s son auctioned for £22m

Supercars taken from African leader's son auctioned for £22m

Car lovers from around the world have splashed out more than £22 million at an auction for dozens of luxury motors seized from the son of Equatorial Guinea's president amid a money-laundering probe.

The 25 lots sold by auction house Bonhams included a white-and-cream 2014 Lamborghini Veneno roadster that cost the buyer 8.28 million Swiss francs (£6.8 million), including a 15% premium for the auction house but with potential taxes still to be added.

The supercar — one of only nine produced — had been driven only 201 miles and has an official top speed of 223mph, Bonhams said.

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Supercars taken from African leader’s son auctioned for £22m
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Supercars taken from African leader’s son auctioned for £22m
A picture taken on September 28, 2019 at the Bonmont Abbey in Cheserex, western Switzerland shows a 2014 Lamborghini Veneto Roadster model car during an auction preview by sales house Bonhams of sport cars belonging to the son of the Equatorial Guinea's President. - A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on September 29, 2019 and are estimated to bring in 18.5 million Swiss francs. (Photo by FABRICE COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
Supercars taken from African leader’s son auctioned for £22m
Supercars taken from African leader’s son auctioned for £22m
Supercars taken from African leader’s son auctioned for £22m
Supercars taken from African leader’s son auctioned for £22m
People looking at a 2015 Koenigsegg One:1 model car in front of a Aston Martin One-77 Coupe (2011), red, Ferrari LaFerrari (2015), yellow, and a Bugatti Veyron EB 16.4 Coupe (2010), blue, part of some 25 luxury cars owned by Teodoro Obiang, the son of the Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo are pictured before an auction of sales house Bonhams at the Bonmont Abbey Golf & Country Club in Cheserex near Geneva, Switzerland, Sunday, September 29, 2019. A collection of luxury cars from Equatorial Guinea's vice president Teodorin Obiang Nguema confiscated by the Geneva prosecutor's office after a deal ending a money-laundering inquiry, are auctioned off in Switzerland and are estimated to bring in 18.5 million Swiss francs. (Laurent Gillieron/Keystone via AP)
A picture taken on September 28, 2019 at the Bonmont Abbey in Cheserex, western Switzerland shows a 2015 Ferrari LaFerrari (L) and a 2010 Bugatti Veyron EB 16.4 Coupe model car during an auction preview by sales house Bonhams of sport cars belonging to the son of the Equatorial Guinea's President. - A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on September 29, 2019 and are estimated to bring in 18.5 million Swiss francs. (Photo by FABRICE COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
A picture taken on September 28, 2019 at the Bonmont Abbey in Cheserex, western Switzerland shows a 2011 Aston Martin One-77 Coupe model car (L) and a 2015 Ferrari LaFerrari model car during an auction preview by sales house Bonhams of sport cars belonging to the son of the Equatorial Guinea's President. - A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on September 29, 2019 and are estimated to bring in 18.5 million Swiss francs. (Photo by FABRICE COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
A picture taken on September 28, 2019 at the Bonmont Abbey in Cheserex, western Switzerland shows a 2010 Bugatti Veyron EB 16.4 Coupe model car (R) and a 2011 Aston Martin One-77 Coupe model car during an auction preview by sales house Bonhams of sport cars belonging to the son of the Equatorial Guinea's President. - A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on September 29, 2019 and are estimated to bring in 18.5 million Swiss francs. (Photo by FABRICE COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
A picture taken on September 28, 2019 at the Bonmont Abbey in Cheserex, western Switzerland shows a 2015 Ferrari F12tdf model car during an auction preview by sales house Bonhams of sport cars belonging to the son of the Equatorial Guinea's President. - A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on September 29, 2019 and are estimated to bring in 18.5 million Swiss francs. (Photo by FABRICE COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
A picture taken on September 28, 2019 at the Bonmont Abbey in Cheserex, western Switzerland shows a 2015 Ferrari F12tdf model car during an auction preview by sales house Bonhams of sport cars belonging to the son of the Equatorial Guinea's President. - A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on September 29, 2019 and are estimated to bring in 18.5 million Swiss francs. (Photo by FABRICE COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
A picture taken on September 28, 2019 at the Bonmont Abbey in Cheserex, western Switzerland shows a 2014 Lamborghini Veneto Roadster model car during an auction preview by sales house Bonhams of sport cars belonging to the son of the Equatorial Guinea's President. - A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on September 29, 2019 and are estimated to bring in 18.5 million Swiss francs. (Photo by FABRICE COFFRINI / AFP) (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
A Ferrari LaFerrari (2015) and a Bugatti Veyron EB 16.4 Coupe (2010), part of a collection of luxury cars owned by Teodoro Obiang, the son of the Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo and confiscated by the Geneva prosecutor's office after a deal ending a money-laundering inquiry, are pictured during an auction preview of Bonhams at the Bonmont Golf & Country Club in Cheserex near Geneva, Switzerland September 27, 2019. REUTERS/Denis Balibouse REFILE - CORRECTING INFORMATION
A McLaren P1 Coupe (2014), part of a collection of luxury cars owned by Teodoro Obiang, the son of the Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo and confiscated by the Geneva prosecutor's office after a deal ending a money-laundering inquiry, is pictured during an auction preview of Bonhams at the Bonmont Golf & Country Club in Cheserex near Geneva, Switzerland September 27, 2019. REUTERS/Denis Balibouse REFILE - CORRECTING INFORMATION
A Lamborghini Veneno Roadster (2014), part of a collection of luxury cars owned by Teodoro Obiang, the son of the Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo and confiscated by the Geneva prosecutor's office after a deal ending a money-laundering inquiry, is pictured during an auction preview of Bonhams at the Bonmont Golf & Country Club in Cheserex near Geneva, Switzerland September 27, 2019. REUTERS/Denis Balibouse REFILE - CORRECTING INFORMATION
A Lamborghini Veneno Roadster (2014), part of a collection of luxury cars owned by Teodoro Obiang, the son of the Equatorial Guinea's President Teodoro Obiang Nguema Mbasogo and confiscated by the Geneva prosecutor's office after a deal ending a money-laundering inquiry, is pictured during an auction preview of Bonhams at the Bonmont Golf & Country Club in Cheserex near Geneva, Switzerland September 27, 2019. REUTERS/Denis Balibouse REFILE - CORRECTING INFORMATION
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Total proceeds from the sale beat the 18.5 million francs (£15.2 million) 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.

The yacht was released in the arrangement announced in February, under which Equatorial Guinea agreed to pay Geneva authorities 1.3 million francs (£1 million) "notably to cover procedural costs", the prosecutor's office said.

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 (£2.5 million), and a 2015 Koenigsegg One:1 that fetched 4.6 million francs (£3.8 million).

An armoured 1998 Rolls-Royce Silver Spur limousine, described as "perfect for someone with enemies" but requiring extensive work, sold for 86,250 francs (£70,000).

The Equatorial Guinea president's son, who is also a vice president, has been ensnared in legal trouble elsewhere.

Last year, Brazilian officials said £13 million in undeclared cash and luxury watches that were seized from a delegation he led may have been part of an effort to launder money embezzled from the country's government.

A Paris court in 2017 convicted the son of embezzling millions in public money, although the case is the subject of an appeal.

The Geneva prosecutor's office in February cited rules allowing prosecutors to close cases in which the person under investigation had "repaired the damage or done everything that could have been expected of him or her to make up for the wrong that was caused".

The investigation involved authorities in the US, the Cayman Islands, France, Monaco, Denmark, the Netherlands and the Marshall Islands.

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