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Ahmadinejad's Peugeot got $2.5 million at auction

4 March 2011

Iranians take photographs of Iranian President Mahmoud Ahmadinejad's car

Photo by Vahid Salemi/AP file

A 1977 Peugeot sedan belonging to Iranian President Mahmoud Ahmadinejad was sold for $2.5 million on Tuesday in a charity auction, Iranian media reported.

Ahmadinejad said last year he would put up the car for auction and donate the money to a housing project for low-income families. A multilingual website was designed to take the bids.

"President Ahmadinejad's Peugeot 504 was sold for 2.5 billion tomans ($2.5 million) to an Iranian who took part in the auction," ISNA news agency reported.

"After Iran, most visitors of the website were from America," noted the head of Iran's Welfare Organization at a ceremony to hand the car key to its new owner.

ISNA's report didn't identify the buyer, but quoted the individual's lawyer, Mamoud Isari, as saying the buyer plans to build a museum and exhibit the car.

The 34-year-old white sedan was put up for auction in January in a move by the president to appear to fulfil a campaign promise to put a roof over the head of every Iranian.

Ahmadinejad made a point of being seen in the sedan when he was Tehran mayor. He has rarely used the car since becoming president in 2005.

The car would normally be worth around $2,000 on the local market.

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