The $350,000 luxury vehicle which was famously de-constructed in the Spike Jonze-directed video is expected to be sold off at Phillips de Pury auction house on Thursday, March 8, 2012.
Proceeds from the sale are expected to go towards funding a Save the Children charity foundation. Auctioneers hope to fetch about a hundred thousand dollars from the sale.
Simon de Pury, chairman of Phillips de Pury & Company, states ‘Jay-Z and Kanye West are towering figures in contemporary culture … Their video for ‘Otis’ became an instant classic. The Maybach they have transformed for it has the starring role.‘
Carolyn Miles, President and CEO of Save the Children went on to state that money brought in from the auction will benefit families in East Africa.
‘The funds raised from auctioning off the ‘Otis’ car are greatly needed to help sustain families over the next several months. We are grateful to Jay-Z and Kanye West for offering up pop culture history to do good for children in Africa.‘
Funds from the sale of the car are estimated to feed more than 4,300 children in the ‘Horn of Africa’.
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