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When Teodoro Nguema Obiang Mangue, the Vice President of Equatorial Guinea, was charged with money laundering and the embezzlement of over US$100 million back in 2017, his collection of 26 supercars was promptly seized by Swiss authorities. Recently, those self-same vehicles were auctioned by Bonhams in conjunction with the state of Geneva, with amazing results. In all, the supercars fetched almost US$27 million, of which roughly US$23.5 million has already been earmarked by the auction house to be donated to a charity in the African country.
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-49738" src="//www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster.jpg" alt="2014 Lamborghini Veneto Roadster" width="700" height="466" srcset="https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster.jpg 700w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-200x133.jpg 200w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-421x280.jpg 421w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-120x80.jpg 120w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-500x333.jpg 500w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-400x266.jpg 400w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-600x399.jpg 600w" sizes="(max-width: 700px) 100vw, 700px" />
One particular model, however, a white 2014 Lamborghini Veneto Roadster, emerged as the most sought-after attraction. Following a fierce three-way bidding war, the car – dubbed “the top lot of the collection and rarest of all, one of only nine built and introduced for the 50th anniversary of Lamborghini” – eventually sold for a staggering US$8.4 million, setting a new record for the most expensive Lamborghini ever sold at auction.
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-49737" src="//www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million.jpg" alt="2014 Lamborghini Veneto Roadster sells for US$8.4 million" width="700" height="466" srcset="https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million.jpg 700w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million-200x133.jpg 200w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million-421x280.jpg 421w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million-120x80.jpg 120w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million-500x333.jpg 500w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million-400x266.jpg 400w, https://www.gafencushop.com/wp-content/uploads/2019/11/2014-Lamborghini-Veneto-Roadster-sells-for-US8.4-million-600x399.jpg 600w" sizes="(max-width: 700px) 100vw, 700px" />
Other star turns included a black 2015 Koenigsegg One-1, with a final price tag of US$4.57 million, and a 2011 Aston Martin One-77 Coupe, which fetched US$1.57 million.

Ill-gotten Goods: Seized Lamborghini supercar sets new record

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The Gold Coast Motor Festival, Hong Kong’s premier motor event, returned for a wildly successful second instalment earlier this month. Officially opened by HK Secretary of Development Michael Wong Wai-lun, the festival’s main attraction was a display of over 80 showstopper models ranging from vintage cars to the latest in hypercar royalty.
Vintage car lovers were enthralled by a mint-condition classic Ferrari 250 GT/E, which first debuted at the legendary Le Mans 24-Hour Race in 1960. Modern petrol heads, meanwhile, were given a first look at Bugatti’s new automotive marvel, the Chiron.
Other standout cars included a limited-edition Lamborghini Sesto Elemento, a Toyota 2000GT (Japan’s first supercar), a one-of-a-kind Pagani Zonda Fantasma Evo and a 1926 3-litre Bentley.&nbsp;
The fun-filled weekend event also put the spotlight on burgeoning local talents, showcasing two award-winning and innovative electric vehicles designed by HKU and Institute of Vocational Education students.
Boasting an impressive range of activities such as children’s electric car racing, bumper boats, live performances and even a Concours d’Elegance competition, the Gold Coast Motor Festival proved to be a thoroughly entertaining and educational event for all.
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Car Craze: Gold Coast Motor Festival thrills city’s car enthusiasts

<img decoding="async" class="ngg_displayed_gallery mceItem" src="//www.gafencushop.com/nextgen-attach_to_post/preview/id--16737" />
This year promises to be an absolute thriller for adrenaline junkies, with the release of new cars from Lamborghini to Aston Martin.
We have picked out some of the top luxury vehicles set for release in 2017.
Lamborghini Aventador S
What better way to start off the year than by Lamborghini announcing their brand new car, the Aventador S.
With power, style and finesse packed into one, it’s the ultimate status symbol for anyone in Hong Kong.
But, questions may be asked about what makes the Aventador so special. Well, according to the dealer’s spokesman, Jason Lau, the 740hp, v12 machine capable of speeds up to 350km/h has a “new aerodynamic design, redeveloped suspension, increased power and new driving dynamics”.
But, this car doesn’t come cheap as it will cost more than the HK$6.65 million Aventador Coupe.
Aston Martin DB11
If you’re feeling the need for speed, then the Aston Martin DB11 is perfect for you.
Don’t let the outer sleek and stylish look fool you as this car is nothing but raw, primal power. Described as the most powerful production DB model ever, the DB11 comes equipped with a 600-horsepower, 5.2-litre twin-turbocharged V12 engine.
In addition to the 700Nm of torque and going from zero to 100km/h in less than four seconds, the car can also reach speeds of up to 320km/h.
The DB11 will be significantly cheaper than the Lamborghini Aventador S as it is priced at HK$3.58 million.
Watch the video of Gafencu taking the DB11 for a test drive round Hong Kong here: <a href="//www.gafencushop.com/db11-video/" target="_blank">www.igafencu.com</a>
Porsche Panamera
Porsche is continuing with its four-door theme and has unveiled a brand new model of the Panamera.
But, don’t be fooled by the fact that it doesn’t look as sharp as the Lamborghini Aventador S and Aston Martin DB11 as the Panamera has a top speed of 264km/h.
The car comes with a 550hp, four-litre V8 Panamera Turbo or a 440hp, 2.9-litre V6 Panamera 4S.
If you’re interested in the Panamera, it will cost you HK$1.46 million.
Ferrari GTC4Lusso T V8
Ferrari has been producing luxury sport cars for decades now and they have gone with a different look when it comes to their newest model, the GTC4Lusso T V8.
Make no mistake, the car still comes with all the normal bells and whistles you expect from Ferrari as it features a V8 engine that is capable of pumping out an incredible 760Nm of torque.
The GTC4Lusso T V8 is capable of going from zero to 100km/h in just 3.5 seconds and has a maximum speed of 320km/h. How’s that for you speed lovers!
Surprisingly, the GTC5Lusso T V8 will only cost HK$2.32 million.
BMW 5 Series (520d, 530i and 540i)
The seventh generation of the BMW 5 series is one to look out for if you prefer a more classic look.
With adaptive LED headlights, this series is “the most innovative and connected business sedan”, according to spokeswoman Katherine Ng.
“Its many intelligent functions are adopted from the BMW 7 Series, such as gesture control, wireless charging, voice command, and a display key,” she adds.
The 520d, which costs HK$569,000, comes with a 1,995cc  4-cylinder engine and has 184hp.
As for the 530i, both the luxury and sport edition have a 1,998cc  4-cylinder and boast 252hp. In regards to the price, the luxury edition costs HK$789,000, while the sport edition is slightly cheaper at HK$739,000.
Meanwhile, the 540i is by far the best of the lot as it possesses a 2,998cc  6-cylinder engine and has 340hp. With the upgrades in features, it is no surprise that it is the priciest model at HK$989,000.
For more stories from Gafencu on cars, visit: <a href="//www.gafencushop.com/lifestyle/wheels/" target="_blank">gafencunew.ktmlabs.com/shop/lifestyle/wheels/</a>
Written by Bimal Mirwani
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Ill-gotten Goods: Seized Lamborghini supercar sets new record

Car Craze: Gold Coast Motor Festival thrills city’s car enthusiasts

Top 5 luxury cars set for release in 2017