S$3b money laundering case: Online auctions begin for more than 600 pieces of luxury handbags, fine jewellery

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.

A limited edition Louis Vuitton x Yayoi Kusama Pumpkin Bag in monogram leather (left) and a 15.02-carat fancy yellow diamond ring (right) are among the items on auction. (Photos: Hotlotz)

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SINGAPORE: Luxury handbags and accessories and fine jewellery from the S$3 billion money laundering case went on auction on Monday (Sep 7) morning.

At 10am, a total of 624 items – 338 handbags and accessories and 286 jewellery pieces – were listed on the website of auction house Hotlotz, to be sold across two auctions called “Luxury Handbags & Accessories” and “Fine Jewellery, Part One”.

The two auctions are estimated to bring in between S$2.9 million and S$3.9 million in total, and will end on Sep 20 and Sept 27 respectively.

They include a limited edition Louis Vuitton x Yayoi Kusama Pumpkin Bag in monogram leather, as well as a 15.02-carat "fancy yellow" diamond ring that has the highest starting bid of all the lots at S$180,000.

CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less Hotlotz also charges a “buyer’s premium” of 20 per cent on top of the closing bid, which includes Singapore’s goods and services tax that can be waived for foreign buyers. Towards the end of each auction, if a bid is placed in the final five minutes before a lot closes, the bidding period for that lot is extended by a further five minutes. This continues until a full five minutes has elapsed without another bid having been placed, Hotlotz explained on its website. “As a result, it usually takes a number of hours after the scheduled time when bidding starts to close for all of the lots in an auction to actually close,” according to the auction house. The two auctions that kicked off on Monday are part of a series of 15 online auctions for items from the S$3 billion money laundering case, from September this year to May 2027. Hotlotz does not accept commission or telephone bids, and does not hold traditional in-room auctions. The auctions are open to participants globally, though bidders must register and pass compulsory identity verification checks before taking part. Approved bidders can book a viewing slot at Le Freeport, a high-security and tax-free storage facility in Changi where the items are kept. Viewing is strictly by appointment, and walk-ins are not allowed. On its website, Hotlotz said the timed appointments are extremely limited and assigned on a first-come, first-served basis. Viewings for the two ongoing sales will take place from Sep 14 to 19, with the fine jewellery auction also having slots between Sep 21 and 26. Each slot lasts 45 minutes, with five daily slots at 10am, 11am, 12pm, 2pm and 3pm. The assets from the money laundering case were handed over by the police to audit firm Deloitte for liquidation in August last year. Proceeds would be paid into the government’s consolidated fund, Home Affairs Minister K Shanmugam said in a parliamentary reply to a question in February last year. The consolidated fund is similar to a bank account held by the government. According to the parliament website, Singapore's revenues are paid into this fund and it is also used to provide for government spending.

Hotlotz also charges a “buyer’s premium” of 20 per cent on top of the closing bid, which includes Singapore’s goods and services tax that can be waived for foreign buyers.

Towards the end of each auction, if a bid is placed in the final five minutes before a lot closes, the bidding period for that lot is extended by a further five minutes.

This continues until a full five minutes has elapsed without another bid having been placed, Hotlotz explained on its website.

“As a result, it usually takes a number of hours after the scheduled time when bidding starts to close for all of the lots in an auction to actually close,” according to the auction house.

The two auctions that kicked off on Monday are part of a series of 15 online auctions for items from the S$3 billion money laundering case, from September this year to May 2027.

Hotlotz does not accept commission or telephone bids, and does not hold traditional in-room auctions. The auctions are open to participants globally, though bidders must register and pass compulsory identity verification checks before taking part.

Approved bidders can book a viewing slot at Le Freeport, a high-security and tax-free storage facility in Changi where the items are kept. Viewing is strictly by appointment, and walk-ins are not allowed.

On its website, Hotlotz said the timed appointments are extremely limited and assigned on a first-come, first-served basis.

Viewings for the two ongoing sales will take place from Sep 14 to 19, with the fine jewellery auction also having slots between Sep 21 and 26.

Each slot lasts 45 minutes, with five daily slots at 10am, 11am, 12pm, 2pm and 3pm.

The assets from the money laundering case were handed over by the police to audit firm Deloitte for liquidation in August last year.

Proceeds would be paid into the government’s consolidated fund, Home Affairs Minister K Shanmugam said in a parliamentary reply to a question in February last year.

The consolidated fund is similar to a bank account held by the government. According to the parliament website, Singapore's revenues are paid into this fund and it is also used to provide for government spending.

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在 Hotlotz 网站上举行的 15 场系列在线拍卖的前两场中，列出了 338 件手提包和配饰以及 286 件珠宝。

此次拍卖的拍品包括一款路易威登 x 草间弥生联名推出的限量版Monogram皮革南瓜包（左）和一枚15.02克拉的艳彩黄钻戒指（右）。（图片：Hotlotz）

这段音频是由人工智能工具生成的。

新加坡：涉案金额高达 30 亿新元的洗钱案中的奢侈手袋、配饰和高级珠宝于周一（9 月 7 日）上午进行拍卖。

上午 10 点，拍卖行 Hotlotz 的网站上列出了共计 624 件拍品——338 件手袋和配饰以及 286 件珠宝——这些拍品将在名为“奢侈手袋和配饰”和“高级珠宝，第一部分”的两场拍卖会上出售。

预计这两场拍卖会的总成交额将在 290 万新元至 390 万新元之间，并将分别于 9 月 20 日和 9 月 27 日结束。

其中包括限量版 Louis Vuitton x Yayoi Kusama 南瓜包（Monogram 皮革材质），以及一枚 15.02 克拉的“艳彩黄钻”戒指，该戒指的起拍价为所有拍品中最高的 18 万新元。

CNA游戏猜词游戏：逐行破解单词；流行词游戏：用给定的字母组成单词；迷你数独：小巧的谜题，强大的脑力挑战；迷你填字游戏：小方格，大挑战；单词搜索：尽可能多地找出单词。显示更多 显示更少 Hotlotz除了收取成交价的20%作为“买家佣金”外，还需支付新加坡的商品及服务税（GST），外国买家可免除此项税费。Hotlotz在其网站上解释说，在每场拍卖即将结束时，如果在拍品结束前的最后五分钟内有人出价，该拍品的竞价时间将延长五分钟。此过程将持续到五分钟内无人出价为止。Hotlotz表示：“因此，通常情况下，一场拍卖的所有拍品需要几个小时才能最终全部结束。”周一启动的两场拍卖会是Hotlotz为30亿新元洗钱案相关物品举办的15场线上拍卖会的一部分，拍卖会从今年9月持续到2027年5月。Hotlotz不接受委托竞价或电话竞价，也不举办传统的现场拍卖。拍卖会面向全球开放，但竞标者必须注册并通过强制性身份验证才能参与。获准的竞标者可以预约在樟宜机场的Le Freeport（一个高度安全且免税的仓储设施，拍品就存放于此）查看拍品。查看拍品必须提前预约，不接受未经预约的访客。Hotlotz在其网站上表示，预约名额极其有限，先到先得。两场正在进行的拍卖会将于9月14日至19日举行预展，其中高级珠宝拍卖会还将于9月21日至26日期间安排预展。每个预展时段为45分钟，每天五个时段分别为上午10点、11点、中午12点、下午2点和3点。去年8月，警方已将洗钱案中的资产移交给德勤会计师事务所进行清算。内政部长尚穆根在去年2月对国会质询的答复中表示，清算所得将存入政府综合基金。综合基金类似于政府持有的银行账户。根据国会网站的信息，新加坡的财政收入会存入该基金，该基金也用于支付政府开支。

Hotlotz 还会在最终成交价的基础上收取 20% 的“买家佣金”，其中包括新加坡的商品和服务税，外国买家可以免除该税。

在每场拍卖即将结束时，如果在拍品结束前的最后五分钟内有人出价，则该拍品的竞价时间将再延长五分钟。

Hotlotz在其网站上解释说，这种情况会持续到五分钟内没有出现新的出价为止。

“因此，通常情况下，从预定的竞价开始时间到拍卖会所有拍品实际结束竞价，还需要几个小时的时间。”拍卖行表示。

周一开始的两场拍卖会是针对涉案金额高达 30 亿新元的洗钱案物品举行的 15 场在线拍卖会的一部分，拍卖会从今年 9 月持续到 2027 年 5 月。

Hotlotz不接受佣金或电话竞价，也不举办传统的现场拍卖。拍卖面向全球参与者开放，但竞标者必须注册并通过强制性身份验证才能参与。

获准竞标者可预约参观位于樟宜的免税高安全仓储设施Le Freeport，所有拍品均存放于此。参观必须提前预约，恕不接受未经预约的访客。

Hotlotz 在其网站上表示，预约名额非常有限，先到先得。

两场正在进行的拍卖会的预展将于 9 月 14 日至 19 日举行，其中高级珠宝拍卖会还将在 9 月 21 日至 26 日期间安排预展。

每个时段持续 45 分钟，每天有五个时段，分别为上午 10 点、上午 11 点、中午 12 点、下午 2 点和下午 3 点。

去年8月，警方将洗钱案中的资产移交给审计公司德勤进行清算。

内政部长尚穆根在去年2月对议会质询作出答复时表示，所得款项将缴入政府综合基金。

综合基金类似于政府持有的银行账户。根据国会网站的信息，新加坡的财政收入会存入该基金，该基金也用于支付政府开支。

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