By Staff writer
Million dollar bid for Iranian president’s car comes from unnamed Arab country, says news agency
33-year-old Peugeot owned by Iranian President Mahmoud Ahmadinejad that has been put up for international auction has attracted an offer of $1m (£640,000),
state media said.
Esfandiari, head of Iran's welfare agency, was quoted by Iran's Irna news
agency as saying that the bid had come from an Arab country. He did not give
on Saturday launched a website (www.ahmadinejad-car.com)
to invite international bids for the 1997 white Peugeot 504, saying the
proceeds would go to a fund for homes for disabled people and to needy women.
have one month to submit offers for the car, Irna said.
officials had said they hoped the car would fetch more than the $2,000 (1,500
euros; £1,300) such cars usually sell for in Iran.
sale comes at a time when Mr Ahmadinejad's government has cut food and energy
subsidies, raising the cost of living substantially.
Peugeot was listed by Ahmadinejad under an asset declaration made in his first
term as president in 2005. The ageing white Peugeot was named alongside a 175
sq m house in East Tehran, and the contents of two bank accounts.