Monaco prince puts classic cars up for auction

AFP Relax – Sun, Jun 24, 2012

Prince Albert II of Monaco is auctioning off part of the luxury car collection started by his father Prince Rainier III, with vehicles by Bentley, Panhard and Porsche among those up for sale.

Forty vehicles will be available at an auction July 26 at Prince Albert's car museum in Monaco. The cars are being sold due to a "comprehensive reorganisation" of the collection, auction house Artcurial Motorcars said in a press release.

The cars have no reserve price. A Mercedes 500 SEC, the personal car of Prince Rainier, is estimated to fetch between 15,000 and 25,000 euros ($18,800 to $31,300).

Among the oldest cars is a 1913 Panhard X19, valued at between 25,000 and 35,000 euros ($31,300 to $43,872), while a rare 1925 Citroen cabriolet 5HP is expected to bring in about 15,000 euros.

Besides the flashier offers, other more common vehicles are also included in the sale, such as Fiat 500, Honda Civic and a Volkswagen beetle, valued at entry prices from 3,000 euros.

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