S$3b money laundering case: Online auctions begin for more than 600 luxury handbags, fine jewellery pieces
In the first two of a series of 15 online auctions, 338 handbags and accessories and 286 pieces of jewellery are listed on the Hotlotz website.
Luxury handbags, accessories and fine jewellery from a S$3 billion money laundering case are going up for sale online starting Monday (Sep 7). A total of 624 items - 338 handbags and accessories, plus 286 pieces of jewellery - were listed on the Hotlotz auction website. The two-part auctions, "Luxury Handbags & Accessories" and "Fine Jewellery, Part One," are expected to raise between S$2.9 million and S$3.9 million.
The high-bid item is a Louis Vuitton x Yayoi Kusama Pumpkin Bag in monogram leather, with a starting bid of S$180,000. Hotlotz charges a 20% buyer's premium on top of the closing bid, including Singapore's goods and services tax. Bidders must register and pass identity verification, and viewing slots are limited and by appointment only at a high-security storage facility in Changi.
Written by urgent.news from CNA - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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