Luxury cars seized from Equatorial Guinea leader's son raise £2.8 million Other cars included another Bugatti Veyron, sold for 450,000 euros, a black Rolls Royce Phantom, which raised 130,000 euros, two Bentleys, a yellow Porsche Carrera 980 GT, sold for 243,000 euros, and a Mercedes Maybach 62. The sale was handled by AGRASC, the government agency responsible for retrieving "assets seized and confiscated from criminals." The proceeds will go towards reducing France's burgeoning state deficit. The Obiang family had appealed the seizure of its luxury cars after they were taken in September 2011. But in a ruling in November 2012, a French appeals court cited "sufficient indications to believe that all the vehicles were acquired through the misappropriation of funds," according to an article in French daily Le Monde. It also considered that Mr Obiang's lawyers had "brought no documentary proof as to the origin of the funds used" to acquire the cars. Earlier this month, a Paris appeals court upheld the application of an international arrest warrant for Teodrorin Obiang on money laundering charges. His lawyers insist that as second vice president of his country, Teodorin has immunity from prosecution and are appealing the ruling. The Paris court also upheld a decision to seize the 42-year old playboy's pied à terre at 42 Avenue Foch, estimated to be worth up to 150 million euros. The building contains a disco, cinema, steam baths, sauna, hair salon, gold- and jewel-encrusted taps, lift and pink marble dining room with coral pillars and 20-yard glass table. Fraud squad officers carted off a Rodin statue, 300 bottles of of chateau Petrus wine worth 2.1 million euros and 18.5 million euros worth of art works bought from the 2009 sale of Yves Saint Laurent's private collection. Since 2010, two judges have been investigating the source of money spent in France by President Obiang and his family, as well as Congo's President Denis Sassou Nguesso and Omar Bongo, the late president of Gabon.