SOUTH AFRICA – Four luxury vehicles belonging to embattled South African businessman Hamilton Ndlovu have gone on auction, with the state hoping to realise R7 million from the sale of a part of his famous fleet.
Ndlovu’s cars were seized in 2021 after a High Court ruling.
Companies linked to Ndlovu, who first drew attention four years ago when he posted a video showcasing his luxury purchases of multimillion-rand sports cars, scored PPE tenders to the tune of R172 million from the National Health Laboratory Services.
A Special Tribunal set aside the contracts and ordered that Ndlovu, and associated companies pay back R158 million with interest.
A Lamborghini Urus 4.0 V8 (2019), a Porsche Panamera GTS (2019) and a Porsche Cayenne S (2020) are just some of the vehicles that went on auction held by Graham Van Niekerk of Park Village Auctions.
According to the Daily Sun, the Lamborghini was sold off in four minutes after a bidding war.
“It took the auctioneer at least four minutes to finally sell Hamilton Ndlovu’s Lamborghini Urus as bidders kept outbidding each other. The vehicle fetched R4,34m. Its retail price is R7m and the auctioneer had expected to sell it for between R2m and R3m,” the Daily Sun reported.
In an interview, Van Niekerk said that the Lamborghini was the star of the show, during an auction that will see over 400 vehicles disposed of.
“These vehicles are certainly the star of the show as there are not many of them in the country. It has been advertised at a value of close to R7 million down to R4 million.
“It’s an unusual vehicle. When you drive out, you can see a Porsche Panamera and a Porsche 911, but rarely this one on the road. It’s a car that stands out.”
Van Niekerk said he expected the Porsches to go for at one million each.
“The highest bidder is awarded the vehicle, invited, and then it is paid for. However, there’s an R50 000 deposit, which means that at the fall of the hammer, we will collect that deposit from the buyer, and they have 10 minutes to do that.
“If they don’t pay the deposit, the car goes back on sale. This is to avoid someone purchasing a vehicle and walking away from the sale,” he said.
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