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…
Rolex watches, Hermès handbags, and gold bars are among 99 luxury items seized from South Korea's largest tax evaders set to be auctioned this weekend, according to the National Tax Service and Seoul Auction. The highly anticipated sale, scheduled for Saturday, boasts a total opening bid of 344.7 million won ($258,000). The auction will feature a diverse range of items, from fine jewelry and premium whiskey to high-end bicycles.
An exclusive 18 lots featuring sought-after brands will be available for in-person bidding at Seoul Auction's Gangnam Center. These include a Rolex Day-Date automatic watch with a starting bid of 35 million won and an Hermès Kelly 25 bag with palladium hardware, opening at 12 million won. Two Chanel Coco Crush rings, one in white gold and the other in beige gold, each adorned with diamonds, have a starting price of 8 million won each.
The online auction will present a similarly eclectic selection of luxury goods. This will include Japanese whiskies, a titanium-frame folding bicycle, a Christian Dior handbag, and jewelry crafted by renowned designers Van Cleef & Arpels and Boucheron. Additionally, six exquisite 24-karat gold pieces will be up for online bidding.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- From Rolex to gold bars, tax-seized luxury goods go up for auction koreatimes.co.kr
