Tuesday, November 23, 2010

Find of the Day: Iranian President Mahmoud Ahmadinejad to Auction off his Peugeot 504

Want to buy a car owned by Iranian President Mahmoud Ahmadinejad? Well, if for whatever reason the answer is yes, here's your chance. Iran's state television reported on Monday that the country's president has decided to auction off his 1977 Peugeot 504 sedan to raise money for the Mehr Housing Plan, which is aimed at providing affordable housing for low-income families.

"In a charitable move, Mr. Ahmadinejad will auction off his [Peugeot] automobile at a gathering of the Mehr Housing Plan donors," Iranian Minister of Welfare and Social Security Sadeq Mahsouli was quoted by IRIB as saying. The minister added that all proceeds will be donated to the housing plan.

"The car is put up for international auction, and the starting price will be announced soon," he concluded.

Ahmadinejad had used the white Peugeot several times during the 2005 election campaign to gather support from lower-income voters.

*Iran's state television did not release any photos of Ahmadinejad's personal vehicle. All the pictures you see here are from Peugeot's archive.

Source: Iran TV , AFP