Home / Auto News / News article: Bidding for Ahmadinajad's Old Peugeot Tops $1 Million - AutoGuide.com News
 |  Jan 04 2011, 10:26 PM

Looking for a used car with an interesting previous owner? Have we got the car for you. No we aren’t talking about a DeTomaso Pantera owned by Elvis Presley or a MG SV-R owned by Rowan Atkinson, but instead about the current Iranian President Mahmoud Ahmadinajad, who is selling his 1977 Peugeot 504.

The outspoken Iranian leader however is not selling his car to help pay his personal bills, he is auctioning the car through Iran’s Central Bank to help build housing for the poor and disabled. (What a nice guy, hungh?)

The bidding war started back in November, but will remain open throughout the month of January. The highest bid so far is from an anonymous buyer, who has bid $1-million for it. That is rather steep for a car that would normally fetch around $2,000 at best.

[Source: NY Times]