Swiss auction off supercars of Equatorial Guinea leader’s son

A collection of supercars confiscated from the son of Equatorial Guinea’s president are being auctioned off in Switzerland.

The cars were seized by Swiss authorities as part of an investigation into Teodorin Nguema Obiang.

He is vice-president to his father, Teodoro Obiang Nguema, who has ruled Equatorial Guinea for 40 years.

Twenty-five of Mr Obiang’s cars are going under the hammer at a golf club near Geneva.

The cars, among them Lamborghinis, Ferraris, Bentleys and Rolls Royces, are expected to fetch about $18.5m (£15m; 18.4m Swiss francs) in total.

A Lamborghini Veneno Roadster, valued at up to $6.2m, and an Aston Martin One-77 Coupe, valued at up to $1.7m, have been described as “rare and remarkable”.

The cars, which do not have a minimum reserve price, have attracted interest from collectors across the world, especially Europe, Ms Farrant said.

The proceeds of the sales will be donated to a charity in Equatorial Guinea, a former Spanish colony where poverty is rife.

In total, 75 cars are being sold at the auction in the Swiss village of Cheserex, 30km (18 miles) from Geneva.

Source: BBC