1977 Peugeot 504

An old 1977 Peugeot 504, similar to the one pictured above and belonging to Iranian President Mahmoud Ahmadinejad, has sold at auction for a staggering $2.5 million. As we reported late last year, the car was being sold at auction in an effort to help raise funds for the Mehr housing project, a charitable organization that provides housing for low-income families. After receiving nearly half a million bids from all over the world, including from the U.S., Europe and Asia, the car was eventually sold to a company, which wishes to remain anonymous. A lawyer representing the company said the car...