From Rolex to gold bars, tax-seized luxury goods go up for auction
Rolex watches, Hermès handbags and gold bars are among 99 lots of luxury goods seized from Korea’s major tax delinquents that will go under the hammer this weekend in a special auction organized by the National Tax Service, Seoul Auction said Tuesday. The sale, scheduled for Saturday, carries combined opening bids of 344.7 million won ($258,000) and will be split between online and in-person…
The National Tax Service in Seoul is set to auction 99 lots of luxury goods, including Rolex watches, Hermès handbags, and gold bars, seized from major tax delinquents. Scheduled for Saturday, the auction features a combined opening bid of 344.7 million won ($258,000) and offers a diverse range of items, from fine jewelry and premium whisky to high-end bicycles.
Eighteen lots with sought-after brands, such as a Rolex Day-Date automatic watch and an Hermès Kelly 25 bag, will be available exclusively in-person at the Gangnam Center. Meanwhile, the online auction will feature items like Japanese whiskies, a titanium-frame folding bicycle, and jewelry by Van Cleef & Arpels and Boucheron.
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- From Rolex to gold bars, tax-seized luxury goods go up for auction koreatimes.co.kr
