When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the fastest-appreciating asset he'd ever own.
But none of those wheels are as fast as the Koenigsegg Agera RS he had delivered 12 months ago. The hypercar set at least five world records for speed for a street-legal car, with the fastest run clocking in at just over 284 miles per hour. Only 25 were ever made during its three-year run andin the first 10 months of its debut at the 2015 Geneva Motor Show.
"I wasn't thinking about selling it. Honestly, I was buying to keep it permanently, but I got an offer I couldn't refuse," Khoshbin told CNBC.He says a mutual friend connected him to a prospective buyer who, like Khoshbin, had an appreciation for carbon fiber dripping in gold. While the real estate investor says he's made millions of dollars buying and selling buildings, he's never made this much money in so little time.
Khoshbin at dealership eyeing his Bugatti Rembrandt with Nick Jones, General Sales Manager of Bugatti Long Beach"I love cars, but at the end of the day you got to be strategic and smart with your money," said Khoshbin.
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