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Followup: Ahmadinejad's Peugeot reportedly sells for $2.5M

by Zach Bowman (RSS feed) on Mar 3rd, 2011 at 5:59PM

1977 Peugeot 504 - Click above for high-res image gallery The auction on Iranian President Mahmoud Ahmadinejad's 1977 Peugeot 504 officially closed earlier this week with winning bid of $2.5 million. The funds are set to be used to build housing for low-income families. According to MSNBC, Iran's Wellfare Organization, which organized the auction, hasn't released the name of the Pug's new owner, though there is some indication that the vehicle will be displayed in a museum in the near future. Locally, the vehicle would likely carry a price tag of around $2,000 without its unique ownership... Read More

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