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Hamilton Ndlovu's Cars Sold on Auction
Auction Date: 28 August 2024
The auction of Hamilton Ndlovu's luxury cars on 28 August 2024 garnered significant attention, with nearly 700 bidders participating. Pre-bidding activity was intense, and the final auction yielded a total of R 8,735,000.00.
image courtesy of: Veli Nhlapo
"Hallelujah!!! It's just money ... go on guys." These were some of the encouraging words the auctioneer, Clive Lazarus, used to motivate bidders to outbid one another during the sale of tenderprenuer Hamilton Ndlovu's yellow Lamborghini Urus at an auction on Wednesday afternoon. The bidding for the luxury high-performance sports car, which began at R3m, lasted for at least four minutes. The car, which was the star attraction of the auction, fetched an impressive R4,345m, just over R1m more than what Park Village Auctions in Johannesburg had expected earlier this week.
The auction was the state's third attempt at recouping R157m that Ndlovu scored in 19 unlawful personal protective equipment (PPE) tenders in 2020. He also owes the taxman millions of rand. His Bryanston, Johannesburg, mansion was auctioned last year to the value of R7.1m while bank accounts which belong to some of the companies linked to him were frozen with R42m balance in them. This is the big moment. This is one of Hamilton's vehicles. It's not important how we start, it's how we finish that's important. Auctioneer, Clive Lazarus
| Lot | Vehicle | Hammer Price |
|---|---|---|
| MRD025 | 2020 PORSCHE CAYENNE S COUPE | R 1,230,000.00 Ex VAT CONFIRMED |
| MRD033 | 2020 PORSCHE 911 CARRERA CABRIOLET | R 1,800,000.00 EX VAT CONFIRMED |
| MRD048 | 2019 PORSCHE PANAMERA GTS SPORT | R 1,360,000.00 CONFIRMED |
| MRD050 | 2019 LAMBORGHINI URUS 4.0 V8 | R 4,345,000.00 Ex VAT CONFIRMED |
Additional Related Media Links
- Hamilton Ndlovu’s luxury cars to fetch R7m at auction - Sowetan
- Pre-Auction Press Release - Newzroom Afrika
- The State is hoping to recoup some of the R172 million - Newzroom Afrika
- JUST IN: Hamilton Ndlovu's rides . . . going, going, GONE! - Daily Sun
- WATCH | Hamilton Ndlovu's cars go on auction - Sowetan
- Tenderpreneur Hamilton Ndlovu’S cars go under the hammer - ENCA
- Hamilton Ndlovu luxury car fleet goes on auction - SwisherPost
- Going, going, gone! Hamilton Ndlovu's luxury fleet auctioned for over R8m - Sowetan
Background Information
Hamilton Ndlovu, a prominent businessman, gained widespread attention after his assets, including luxury cars, were auctioned off as part of a larger investigation. The auction included several high-end vehicles that attracted a significant number of bidders. The proceedings from the auction contribute to settling Ndlovu’s outstanding legal obligations.
For more detailed information, please contact our media relations team.
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Contact Details:
Telephone : 011 789 4375Email : auctions@parkvillage.co.za
Unit 10 Ferndale Mews North
Corner Oak and Dover Road
Ferndale, Randburg
Gauteng