Limited-Edition Louis Vuitton Pumpkin Bag From S$3b Money Laundering Case Sells for S$87,000

Seized luxury goods fetch over $1.1m, days after no bids for money laundering-linked properties

The auction saw all 338 lots sold for more than $1.1 million in total. Read more at straitstimes.com.

First Singapore money laundering auction brings in US$862,000

The frenzied bidding is in sharp contrast to the lacklustre reception for luxury real estate tied to the same illicit network.

Limited-Edition Louis Vuitton Pumpkin Bag From S$3b Money Laundering Case Sells for S$87,000

The Louis Vuitton x Yayoi Kusama pumpkin-shaped bag was estimated at just S$12,000 to S$16,000. The first auction of forfeited handbags and accessories from Singapore’s S$3 billion money-laundering case raised more than S$1.1 million.

Rare Louis Vuitton pumpkin bag from Singapore’s S$3B money laundering case fetches S$87,000 after 30-minute bidding

The rare Louis Vuitton pumpkin bag was initially estimated by auctioneer Hotlotz to fetch between S$12,000 and S$16,000.