Credit: Pexels
The Asset Management Office (Bureau de Gestion des Avoirs – BGA), in its capacity as state agent for the management and sale of seized or confiscated assets, has announced a public auction of 150 luxury watches, confiscated in money laundering cases.
The sale will be held on 8 June 2024, at Casino 2000 in Mondorf-les-Bains. Those interested to bid in person are invited to register in advance via the following link: www.lux-auction.com.
The sale is also available online or by telephone upon prior registration. More details, including a complete catalogue presenting the items put up for sale, are available on the website. Interested individuals can come and examine the objects on-site on 5, 6 and 7 June 2024, according to a specified schedule, after registering online. On the day of the sale, only photos of the watches will be shown.
To guarantee a fair, transparent and secure sale, the BGA entrusted the organisation of this sale to a bailiff assisted by a public auction organiser.
The funds raised during this sale will be donated to the Luxembourg Ministry of Finance’s Fund to combat certain forms of crime. This initiative is part of the government's “crime doesn't pay” policy and aims to highlight the Grand Duchy’s commitment to using confiscated assets to effectively combat crime, by supporting projects and programmes dedicated to this purpose.
