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Entries in Peugeot 504 (1)

Monday
Apr112011

Iran Snapshot: The Charity Auction of Ahmadinejad's Car --- Surprise Ending!

For several months, EA has followed the story of President Ahmadinejad's 1977 Peugeot 504 being sold to raise funds for the Iranian welfare system. 

At the end of February, the vintage car reportedly sold for 25 billion rials (about $2.4 million) to a buyer "who wanted to remain anonymous". The head of Iran's Welfare Organisation said the winner had topped "more than half a million bidders [who] registered on the bidding website, with most saying they were doing so since President Ahmadinejad leads a simple life and because of his anti-arrogance and anti-Zionist stances". The lawyer for the buyer echoed, "My client bought the car because of a personal interest in President Ahmadinejad and his spirit of anti-arrogance and anti-Zionism." 

And now the twist in the tale....

Click to read more ...