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...
Iranian President Selling His 1977 Peugeot 504
Here’s something you don’t see every day. The president of Iran, Mahmoud Ahmadinejad, is selling his 1977 Peugeot 504 to help raise funds for charity. The car is being sold in an international auction and all funds will go to help the Mehr housing project, a charitable organization that...Viknesh Vijayenthiran