Rare Louis Vuitton bag most popular in Singapore money laundering case items auction

A rare Louis Vuitton x Yayoi Kusama bag sold for S$87,000 in Singapore's luxury auction, exceeding the initial estimate of S$12,000 to S$16,000.

The auction of 337 seized luxury items, including sought-after Chanel bags, raised over S$1.1 million amid high demand.

Upcoming auctions of jewellery are expected to raise up to S$3.9 million, with proceeds going to the government's fund.

SINGAPORE, Sept 21 — A rare Louis Vuitton x Yayoi Kusama pumpkin bag seized in Singapore’s S$3 billion (RM9.6 billionaire) money laundering probe has emerged as the star of the first luxury‑goods auction, closing at an astonishing S$87,000 after a frenzied 30‑minute bidding war.

The limited‑edition yellow monogram leather piece — part of a collaboration with the celebrated Japanese artist, who died earlier this year at 97 — drew 42 last‑minute bids, sending its final price soaring far beyond Hotlotz’s initial estimate of S$12,000 to S$16,000.

It was the most sought‑after item in the first tranche of 337 seized handbags and accessories, all of which were sold on Sunday night, bringing in more than S$1.1 million.

Other items also smashed expectations. Chrome Hearts necklaces, bracelets and rings attracted 30 bids or more, with a diamond double‑cross pendant closing at S$11,000 — roughly 10 times its estimate.

Chanel bags, which formed the largest portion of the catalogue, drew intense interest. A rhinestone‑studded goatskin mini flap bag sold for S$15,000, while a classic caviar leather flap fetched S$13,000, well above typical resale prices.

Luxury reseller Elaine Fung said the publicity surrounding the case likely fuelled more aggressive bidding, especially among buyers unfamiliar with current market prices.

A second Hotlotz auction featuring 286 pieces of fine jewellery remains open until Sept 27, with both auctions expected to bring in S$2.9 million to S$3.9 million.

The goods are part of a massive liquidation exercise involving assets forfeited from a sprawling transnational money‑laundering network. Proceeds will be channelled into the government’s consolidated fund.

The feverish demand for handbags and jewellery stood in stark contrast to the lacklustre auction of seized luxury properties on Sept 17, where not a single unit found a buyer.

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一款罕见的 Louis Vuitton x Yayoi Kusama 联名包在新加坡奢侈品拍卖会上以 87,000 新元的价格售出，超过了最初 12,000 至 16,000 新元的估价。

此次拍卖的337件查获的奢侈品，包括备受追捧的香奈儿包袋，在市场需求旺盛的情况下，筹得超过110万新元。

即将举行的珠宝拍卖会预计将筹集高达 390 万新元，所得款项将捐给政府基金。

新加坡，9 月 21 日——在新加坡 30 亿新元（96 亿令吉）洗钱案中查获的一款罕见的 Louis Vuitton x Yayoi Kusama 南瓜包，成为首场奢侈品拍卖会的明星，经过 30 分钟的激烈竞价，最终以惊人的 87,000 新元成交。

这款限量版黄色字母组合皮革制品——是与今年早些时候去世的著名日本艺术家合作的成果，这位艺术家享年 97 岁——在最后时刻吸引了 42 次竞价，最终成交价远远超过了 Hotlotz 最初估计的 12,000 至 16,000 新元。

在首批查获的 337 件手提包和配饰中，它是最受欢迎的物品，所有这些物品都在周日晚上售出，收入超过 110 万新元。

其他拍品也远超预期。Chrome Hearts的项链、手链和戒指吸引了30次以上的竞价，其中一款钻石双十字吊坠最终以11,000新加坡元成交——约为估价的10倍。

香奈儿包袋在目录中占据了最大篇幅，引起了广泛关注。一款镶满水钻的山羊皮迷你翻盖包以15,000新元的价格售出，而一款经典的鱼子酱皮翻盖包则拍出了13,000新元，远高于一般的转售价格。

奢侈品转售商伊莱恩·冯表示，围绕此案的宣传可能会刺激更激烈的竞价，尤其是在不熟悉当前市场价格的买家中。

Hotlotz 的第二场拍卖会将于 9 月 27 日结束，届时将拍卖 286 件精美珠宝。预计两场拍卖会的总成交额将达到 290 万至 390 万新元。

这批货物是针对一个庞大的跨国洗钱网络没收资产的大规模清算行动的一部分。所得款项将纳入政府综合基金。

手袋和珠宝的狂热需求与 9 月 17 日被查封的豪华房产拍卖的惨淡景象形成了鲜明对比，当时没有一套房产找到买家。

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