Tuesday, February 18, 2025

Najeeb Khan's car collection - The Elkhart Collection

Najeeb Khan was sentenced to just over 8 years in prison in November 2023 for his $150m fraud scheme.

Wayne Gretzky's Ford GT Heritage brought $511k, above a $360k top estimate.
The final tally for RM Sotheby's Elkhart auction in 2022 was $44.4m. That was funneled directly to the U.S. federal team handling the repatriation of Kahn's fraud proceeds.

Top lot was a 1952 Ferrari 225 S Berlinetta with coachwork by Vignale which hammered for $2.8m. A Ghia-bodied 8V Supersonic raked in just over $2m for second place. A restored Lamborghini Miura made $1.6m, and a 1955 Mercedes-Benz 300 SL $1.5m.
Najeeb Khan was the founder of Elkhart, Indiana-based payroll firm Interlogic Outsourcing Inc. He engineered a fraud exceeding $150m. Khan resigned from the company and filed for personal bankruptcy. Khan's huge former car collection went up for auction through RM Sotheby's.


Ford once owned by Wayne Gretzy.
The 281 vehicles were valued at $31m. 240 cars, 30 motorcycles, trucks, trailers, and a boat were sold.
1952 Ferrari 225 S Berlinetta

1964 Aston Martin DB5

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