Luxury watches once owned by oligarchs fetched 117 million tenge at auction
In a recent auction of seized luxury items in Kazakhstan, 16 high-value watches, including three Patek Philippe Grand Complications Perpetual Calendar watches, were sold for a total of 117.5 million tenge. The auction, managed by a company handling recovered assets, saw intense bidding wars, with the most expensive Patek Philippe Nautilus watch fetching 26.4 million tenge.
Three Patek Philippe Grand Complications Perpetual Calendar watches were sold for 12.6 million tenge each, marking a significant increase from their starting price of 11.4 million tenge. The starting price for the Patek Philippe World Time Complicated Chronograph was 16.7 million tenge, but the bidding competition drove its final selling price up to 17.7 million tenge.
Other brands represented at the auction included Eco Swis and Ulysse Nardin. Nine buyers placed bids on the Eco Swis watches, which saw a significant price increase from 55,000 to 447,000 tenge. However, no information was provided about the number of watches from the Eco Swis or Ulysse Nardin brands that were sold, or the identities of the auction participants.
The Ulysse Nardin Classic 789-80 watches, valued at 150 million tenge, were not sold at the auction. It was also unclear if any other types of items, such as jewelry or luxury vehicles, were seized or put up for auction alongside the watches.
The Kazakhstan Unified Forensic Examination and Analytical Centre (KUVA) oversees the seizure and auction of expensive assets in the country, but does not disclose the origin of the seized items. The KUVA did not provide information about the identities of the auction participants or the items from Karim Massimov's mansion that were put up for auction.
Despite the lack of specific details available in the search results, the auction of seized luxury items such as jewelry and watches in Kazakhstan appears to be a growing trend. If you need, I can assist in searching for updated or more specific information on this topic.
Finance played a significant role in the recent auction, with high-value luxury items such as watches reaching impressive sale prices. The industry of luxury watchmaking was active in the auction, with brands like Patek Philippe, Eco Swis, and Ulysse Nardin participating.
