SALT LAKE CITY (KUTV) — Rapper and songwriter Post Malone’s infamous Bugatti, which has been featured in several of his music videos, is now at the center of a lawsuit. The lawsuit, filed Mar. 9, states that a Nevada man agreed to buy the 2019 Bugatti Chiron Coupe for $3.5 million cash, but the auto broker breached a sales contract.
According to documents obtained by 2News, Steven K. Dimopoulos, alleges he agreed to buy the car for $3.5 million. According to the lawsuit, Dimopoulos completed an online inquiry form for the vehicle on the DuPont registry website on Mar. 3.
The website’s description of the Bugatti boasts, “There honestly can’t be a better place to sprint from 0 to 60 mph in less than 2.5 seconds than this Bugatti’s driver’s seat.”
That same day on Mar. 3, the lawsuit alleges auto broker Josh Ayers called Dimopoulos, and agreed to sell him the Bugatti for $3.5 million cash and that he would email the contract. The lawsuit states the car is believed to be in Utah. Malone bought a home in Utah in 2017.
Documents state that shortly after that call, Ayers called Dimopoulos back, saying he received a signed contract from another buyer in Maryland for a higher price but was concerned the buyer wouldn’t finish the purchase. Dimopoulos offered to wire the funds so Ayers would get them the same day. The lawsuit states that Ayers told Dimopoulos would have until Mar. 4 to pay.
Meanwhile, the lawsuit alleges that Ayers emailed Dimopoulos the sales contract, which included the language “Steve acknowledges that this is a back-up offer. If Buyer 1 failed to complete the transaction on Mar. 4, Steve has first right of refusal.”
According to the lawsuit, Dimopoulos sent back a signed copy of the contract to Ayers and Ayers signed it on behalf of Excalibur Motors.
The lawsuit states that ultimately the first buyer missed the transaction deadline set for March 4 and during a phone call with Ayers Dimopoulos told Ayers that if he sold the Bugatti to someone else for more money, he would sue for the difference in price. According to documents, Dimopoulos says Ayers hung up on him, and then did not answer follow-up text messages.
The lawsuit names Excalibur Motors, LLC, Die Trying Auto Brokers, LLC and Josh Ayers as defendants.