Iranian president’s 33-year-old Peugeot sedan has received a $1 million bid

Posted on 22 February 2011 by Tony Santos

President Mahmood Ahmadinejad 1977 Peugeot

In a move to raise money for a low-income housing project, the 33-year-old 1977 white Peugeot sedan owned by Iran President Mahmood Ahmadinejad was brought into charity auction. MSNBC sited “The 1977 white Peugeot sedan was put on auction to fund a housing projects for disabled and young people in a move by the president to appeal to fulfill a campaign promise to put a roof over the head of every poor Iranian.” Accordingly, the charity auction seemed to be a successful one as reported “various bids from abroad have been received by the multilingual website set up Saturday for the auction, including $1 million, but it did not elaborate on the identity of the bidders.”

The $2000 worth Peugeot 504 sedan is now a million dollar worth. This car was the president’s service car when he was the Tehran mayor before becoming president back in 2005. For security reasons, the car was rarely used for the past years. So I think the president good heart have take to let someone initiate charity via his old car.

So where the $1 million bid could start housing project to held those in needs. The report reveals that “housing has always been a major concern in Iran, where a quarter of the 75 million population live in rented apartments and nearly a third of a family’s income goes to pay the rent.”

Up until now the auction site is still live however reveals that it still choosing who’s the final bidder.

So I think if I have to sell my car I better find the best car auction site so I’ll get a great deals and serious offers. And obviously, it won’t be for charity but to buy my car back in its latest model.

Categorized | Car News, Car/Sedan/MPV, Featured

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