Singapore holds its first auction of luxury bags seized in a major money laundering case, with proceeds reported at about US$862,000. The top item is a limited-edition Louis Vuitton x Yayoi Kusama “pumpkin” bag, which is seized by authorities as part of the wider investigation.
Multiple outlets report that bidding is intense for the bag, drawing a late surge of bids before the auction closes. The final price for the most popular item is reported around S$87,000. CNA also reports the auction’s overall total at more than S$1.1 million, while the South China Morning Post focuses on the dramatic late bidding and the final hammer price for the single top item. Both accounts tie the auction to the broader S$3 billion money laundering matter.
