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$1 million for a 34 year-old Peugeot
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Print Iranian president’s car attracts big bucks in online charity auction.
1970s Peugeots may not be everyone’s (or anyone’s) cup of tea – and paying $1m for one is virtually unheard of.
But this isn’t just any old Pug.
The 34-year-old Peugeot 504 belongs to Iranian president Mahmood Ahmadinejad – and it’s currently up for auction, with all funds raised going to a project to build 60,000 houses per year for disabled people and low income-earning women who are supporting families.
Iranian state media reports the auction has attracted a $1 million bid, with an Iranian welfare official saying the bid was from someone in an Arab country.
The Peugeot was reportedly driven by Ahmadinejad when he was mayor of the Iranian capital Tehran, prior to becoming president in 2005.
Iranian television network Press TV claims that an ordinary Peugeot of this vintage would fetch about $2000.
The online auction – which aims to boost interest in the car – will seek bids until the end of January. Then the top bidders will be invited to a live auction held at a later date.
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