A wealthy Richmond auto auction house will sell a car for $3.5 million to a Chinese investor.
The auctioneer’s website says the car was bought by Chinese investor Wang Jianlin, who was previously in the process of buying a Mercedes Benz C-Class.
The auctioneer has a buyer listed for $35.7 million.
Richmond Mayor Ron Lee said it’s a good time for Richmond to have a car like that on sale.
“I think it’s important that the community is aware that these kinds of transactions are happening and they’re taking place in the Richmond community, and I think we have a responsibility to try to make sure that our citizens have access to cars and that they have cars that are in good condition,” he said.
“The community should be able to buy it at a reasonable price.
I think it’ll be a positive thing for the community.”
Richmond has a population of more than 14,000 people.
The car was sold on Thursday, according to a Richmond City Council website.