Collection of over 230 cars and 50 motorcycles owned by accused fraudster Najeeb Khan set to be auctioned off.
Cars in the collection includes Aston Martin DB5, a 1963 Jaguar E-Type, 1969 Lamborghini Miura P400 S, and a 1955 Mercedes-Benz 300 SL Gullwing.
Last year, millionaire owner and 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 bankruptcy means a number of assets, including his amazing collection of cars, will be auctioned off.
Now, his $31 million (₦11.1billion) car collection called The Elkhart Collection is set to be auctioned off.
It consisted of “over 230 motor cars, 30 motorcycles, trucks, trailers and select memorabilia and equipment offered almost entirely without reserve.”
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 Elkhart Collection will be auctioned off by RM Sotheby’s in October 2020. Proceeds from the sales will go toward paying debts he owes to creditors. And a large part of that will be raised by the 1955 Mercedes-Benz 300 SL Gullwing.