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Fraudster Najeeb Khan’s Incredible 240 Car Collection Fetches N17bn At Auction
Over 240 car collection and 50 motorcycles owned by accused fraudster Najeeb Khan has been auctioned off for $44.4m (N17.1billion)
The auctioned cars included Ferrari 225 S Berlinetta; Aston Martin DB5; a 1963 Jaguar E-Type; 1969 Lamborghini Miura P400 S; and a 1955 Mercedes-Benz 300 SL Gullwing.
Fraudster Najeeb Khan’s incredible 240 car collection fetches N17.1bn at auction
Last year, millionaire CEO of Interlogic Outsourcing Inc, Najeeb Khan, was accused of a multimillion-dollar fraud and eventually declared bankruptcy.
With former clients claiming Najeeb Khan owes them millions of dollars, his car collection was sold off for $44.4 by RM Sotheby’s during a bankruptcy auction last month. Proceeds will go toward paying debts he owes to creditors.
1955 Mercedes-Benz 300 SL Gullwing fetches $1,495,500
1927 Bugatti Type 35 Grand Prix
With 2,500 bidders from 53 countries, Najeeb Khan’s former car collection called ‘The Elkhart Collection‘, was expected to fetch between $35 million and $40 million.
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The fraudsters collection auctioned off consisted over 240 vehicles ranging from modern supercars, classic cars, 30 motorcycles, trucks and trailers.
Some of the iconic cars in Najeeb Khan’s collection includes a restored 1964 Aston Martin DB5, a 1963 Jaguar E-Type; a 1969 Lamborghini Miura P400 S; and a 1955 Mercedes-Benz 300 SL Gullwing.
1930 Rolls-Royce Phantom II Shooting Brake
Jaguar E-type
1936 Model 706 tour bus is part of fraudster Najeeb Khan’s incredible 240 car collection that fetches N17bn at auction
Others includes a 1924 Bentley, a Pur Sang replica of the 1927 Bugatti Type 35 Grand Prix; a 1930 Rolls-Royce Phantom II Shooting Brake, 1968 M274 A5 ½-Ton 4×4 “Mule”; and a 1936 White Model 706 tour bus.
The Ferrari 225 S Berlinetta fetched nearly $3 million; while the extremely rare 1952 Ferrari 225 S Berlinetta by Vignale sold for $2,810,000.
A 1955 Cooper-Jaguar T38 Mk II, one of only three examples in the world, was sold for $1,765,000.
