Rare Peugeot owned by French billionaire for sale

The rare car, previously owned by Bernard Arnault, is on sale for €37,500 online

A rare armoured Peugeot 205 GTI previously belonging to French billionaire Bernard Arnault is for sale on a Luxembourg-based website for €37,500.

Created especially for the business magnate in 1990, the black car is fully armoured; weighs almost 1,400kg; has 14,700km on the clock; and is still registered in Arnault’s name.

Arnault - who is CEO of luxury goods company LVMH and estimated to be the fourth-richest man in the world, worth an estimated USD $75.8 billion (€61.4 billion) - originally bought the vehicle as he wanted something he could drive anonymously everyday, without need for a chauffeur.

As such, the limited-edition car was dismantled and reconstructed by specialised company Labbé, to a specification of “level two armouring”, including thick sheet metal panels and windows.

It also features reinforced brakes and suspension, and originally cost 400,000 francs; the equivalent of around €61,000 today.

According to auction site Artcurial, only two or three similar models exist in the world.

The Luxembourg sales site Art and Revs lists the car as “recently serviced”, and “working perfectly”, with “excellent driving despite its weight”.

It explains that Arnault used the car regularly, and only sold it on to a collector in 2009.

The site adds: “It should be noted that the quality of building is absolutely amazing and very few would notice this is a modified vehicle. The car’s condition could only be described as being immaculate.”

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