Luxury goods forfeited in S$3 billion money laundering case to be auctioned from Sep 7
Ultra-rare watches, handbags and jewellery will be sold through a months-long disposal exercise
The first phase of the S$3 billion money laundering case in Singapore will see the auction of ultra-rare items, including a 15.02-carat yellow diamond ring valued between S$200,000 and S$300,000, a Hermes Kelly bracelet with 263 diamonds, and Chanel, Louis Vuitton, and Christian Dior handbags and accessories. The luxury items will be sold through online auctions conducted by Hotlotz, starting from September 7.
The second phase of sales, which will encompass Hermes handbags and watches, is scheduled to take place between May and December 2027.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
