Bulletproof Mercedes Once Owned by Billionaire Miles Guo Fetches $63,000 at Auction

Group 1 - A bulletproof Mercedes-Benz Maybach S650, previously owned by ex-billionaire Miles Guo, was sold for $63,000 at a bankruptcy auction [1] - The vehicle was initially purchased by Guo in 2018 for $192,000 and is part of his bankruptcy proceedings, which involve debts totaling approximately $1.3 billion [1][4] - The auction process took four years and involved multiple parties, including lawyers and bankruptcy judges, highlighting the complexity of asset liquidation in bankruptcy cases [2][5] Group 2 - The car was discovered abandoned after Guo's arrest and was later moved for auction preparation, indicating the challenges in managing high-value assets during bankruptcy [3] - The final bid of $63,000 aligns with the Kelley Blue Book value for a similar vehicle, excluding custom modifications, demonstrating the potential for asset recovery in bankruptcy situations [4] - The proceeds from the sale will contribute to settling Guo's estimated half a billion dollars in bankruptcy debts, marking a significant step in the debt recovery process [4]