A 2015 Ferrari F12tdf model car is seen during an auction preview by sales house Bonhams of sport cars.
A collection of luxury cars confiscated by Geneva authorities from a son of the president of Equatorial Guinea is estimated to fetch 18.5 million Swiss francs ($18.67 million) this weekend, Bonhams auction house said on Friday.
Swiss prosecutors said in February that they had closed an inquiry into Teodoro Nguema Obiang for money-laundering and misappropriation of public assets with an arrangement to sell the cars to fund social programmes in the former Spanish colony.
Twenty-six Ferraris, Lamborginis, Bentleys, and Rolls-Royces owned by the vice president and former agriculture minister known as Teodorin are displayed at Bonmont golf and country club in the Swiss village of Cheserex, 30 km (19 miles) from Geneva, ahead of Sunday's sale.
In all, 75 prestige cars, mostly post-war, will be on the block at a 12th-Century abbey where telephone banks await bidders.
"We do have a collection of cars from the state of Geneva. It's a great setting," James Knight, Group Chairman of Bonhams Motoring Department who will conduct the auction, told Reuters.
Billed as the "Supercar Collection", the Obiang cars do not have a minimum reserve price and have drawn interest from collectors in Europe, the United States, Middle East, and Far East, he said.
Teodorin is the son of President Teodoro Obiang Nguema Mbasogo, who has ruled the west African state for four decades. Rights groups have labelled his administration one the world's most corrupt.
A white 2014 Lamborghini Veneno Roadster, with the initials TNO painted on the hood and 'gull wing' doors, is the star lot, valued at 5.2 million to 6.2 million Swiss francs. One of only nine made, it has 325 km (200 miles) on the clock, and was being inspected by a potential German bidder kneeling in the grass.
"It is the first time such a car is being offered at public auction," Knight said.
"Buyers want a car to have had few owners, a service handbook and a low odometer reading."
All but one of the 26 cars from the Obiang collection will be subject to import tax if they remain in Switzerland, Knight said. "They didn't have Swiss tax paid and are not Swiss-registered," he said.
The Highland Green 1968 Ford Mustang GT featured in the film "Bullitt" was sold Friday at a Florida auction house for $3.74 million.
Intelligent cars have been a part of our culture since the 1980s starting with the Knight Rider’s “Kitt”, a car probably far more intelligent than its driver. The Batmobile is always on call for Batman and with a push of a button it would locate him and drive there.
A new world record for a pair of sneakers was set at auction on Tuesday when an avid collector splashed out $437,500 on Nike's 1972 "Moon Shoe," Sotheby's said.
Guillon said Cardinale's wardrobe shows how society changed during her time at the top, going from "rather sober evening dresses to a pyjama number emblematic of the new more relaxed lifestyle and the even freer dresses of the 1970s."
Rated as the world’s 7th best water park by TripAdvisor, Pearl Kingdom has added several new features to its list during the renovation, including a new F & B café.
Obama had promised his young daughters Malia and Sasha that they could get a dog after the 2008 election, and Bo joined the family soon after they moved into the president's official residence.
It is unclear what killed Neanderthals off, although theories include an inability to adapt to climate change and increased competition from modern humans.
Used as a spice and medicinal herb in the Indian subcontinent for thousands of years, turmeric has antioxidant and anti-inflammatory properties that can relieve gastric problems, and even protect against certain forms of cancer among other illnesses.