Someone appears to be pretty keen on getting Iranian President Mahmoud Ahmadinejad's 34-year-old car.

Not long after Ahmadinejad put his 1977 Peugeot 504 up for auction to benefit a housing project, someone submitted a $1 million bid for the vehicle, Iranian state media reported this week.

An Iranian welfare official said the bid came from an Arab country but didn't give further details, according to state-run Press TV, citing the state-run Islamic Republic News Agency.

Ahmadinejad recently decided to put his car (pictured) up for auction to help pay for a project building 60,000 houses a year for  disabled and low-income women who are providing for their families, according to Press TV and the auction's website.

People from around the world can submit bids at the auction site until the end of January, Press TV reported. Top bidders will then be invited to an in-person auction for the vehicle, the auction’s site says.

Ahmadinejad drove the vehicle when he was mayor of Tehran, before he became president in 2005, according to Press TV. The vehicle would be worth about $2,000 locally, Press TV said.