Koenigsegg Pissed Off With Bonhams For Estimating One:1 “Way Under Market Value”

Bonhams plans to auction at no reserve a collection of top-tier hypercars that includes a very rare Koenigsegg One:1, which caused a rant from Koenigsegg themselves over the vehicle’s estimated value.

The auction house says that the sale estimate of the particular 370-mile One:1 is between $1.8 million and $2.3 million, which Koenigsegg says it’s “way under market value” in a recent blog post.

The Swedish car maker accuses Bonham of showing a “complete lack of interest” to data presented to them, which included all the actual selling prices for the One:1 models to date.

Also Read: Hypercar Collection Seized From Equatorial Guinea’s Vice President Heading To Auction

Bonham appears to have slightly revised the original sale estimate after communicating with Koenigsegg but the figure is “still not even close to proven market value”.

In addition, Koenigsegg claims that Bonham offered them the chance to buy the car pre-auction but they eventually declined their offer, despite this being “substantially higher” than the auction house’s estimates.

“Not only did they decline the offers, they did not even use these relatively low firm offers as reason to correct their estimate to that level,” said Koenigsegg in its blog post. “In our view this further shows a total lack of interest in providing transparency to the market and is unfair to the seller and the car.”

The specific Koenigsegg was part of a collection that was seized from the Equatorial Guinea’s Vice President Teodoro Nguema Obiang Mangue. Other highlights in the collection include a Lamborghini Veneno Roadster, a McLaren P1, an Aston Martin One 77 and a Bugatti Veyron. All proceeds from the auction are going to benefit Equatorial Guinea.