Firm predicts muted Bono car sale

U2 frontman Bono's old Mercedes is unlikely to fetch anywhere close to its previous sale price when it goes under the hammer this time, according to Paddy Power.

The Irish bookmaker estimates the metallic bronze 450 SEL will sell for between €30,000 (£26,000) and €35,000 (£30,000) even though its current owner, Dave Lawlor, has spent €20,000 (£17,500) on sprucing up the car.

A cowhide-patterned interior and a €15,000 (£13,000) sound system are some of the car's attractions, but the biggest draw is likely to be its log book, which lists Paul Hewson - known better as Bono - as its first owner.

The singer owned the car for two decades until 2000 when it was bought by Pepsi at a charity auction for €61,000 (£53,000). But Paddy Power is not confident it will go for much this time.

Spokesperson Sharon McHugh said: "The car fetched €61,000 in 2000 but in the current climate we think it's unlikely to fetch as much this time around - unless of course Bono comes with the car!"

The firm has also drawn up odds on which celebrity is most likely to snap up the car, with Bono himself at 3/1, Hard Rock Café at 8/1, U2 manager Paul McGuinness at 8/1 and R&B star Mary J Blige 10/1.

Copyright © Press Association 2010