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Sunday, January 2, 2011

Ahmadinejad's car gets US$1 million


Iranian President Mahmoud Ahmadinejad's 1977 Peugeot 504 has received a one million dollar bid after the car was put on an international auction. -- PHOTO: AFP

TEHERAN - AN IRANIAN state-owned newspaper says the president's 33-year-old car that he is auctioning off for charity has received a US$1 million (S$1.3 million) bid from abroad.


The Sunday report by the Iran daily says various bids from abroad have been received by the multilingual website set up Saturday for the auction.

The paper reported that the top bidders will be invited to the auction, which will be held in mid-February.

Online offers can be made until the end of January.

The 1977 white Peugeot sedan has put up for auction to fund a housing projects for disabled and young people.

The move is seen as a bid to appeal to the young and attract attention to housing projects he promoted during his campaigns, promising to put a roof over the head of every poor Iranian. -- AP

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