CUSTOMS
Confiscated supercars auctioned in Klong Toei
The Nation

BANGKOK: -- The Customs Department yesterday hosted an event at its head office in Bangkok's Klong Toei district to auction off 357 confiscated cars, including a Lamborghini Aventador, two Ferraris, seven Audis, 15 Jaguars and 31 Bentleys.

Bidding on the Lamborghini opened at Bt19 million and reached as high as Bt23 million, but officials didn't release it because it failed to reach the Bt25 million target, calculated as the assessed value plus taxes.

Presiding over the annual auction, department director general Somchai Sujjapongse said the department and related agencies had also returned eight cars stolen from Malaysia to the Malaysian ambassador to Bangkok, Dato Nazirah binti Hussain, as the cars were evidence in completed criminal cases that had no defendant.

Somchai said the department expected to make Bt600 million for the state from this annual auction.

Source: http://www.nationmultimedia.com/national/Confiscated-supercars-auctioned-in-Klong-Toei-30237714.html


-- The Nation 2014-07-04

Well at least we know the Lamborghini won't be running down police officers and pedestrians...at least not this year.

Bentleys' seem popular. How many were available in pink?

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There are a lot of filthy rich people in Thailand. I see more expensive vehicles on Thai roads than I have ever seen on Aussie roads.

There are a lot of filthy rich people in Thailand. I see more expensive vehicles on Thai roads than I have ever seen on Aussie roads.

I think you will find that the car is much more of a vanity item here. There may be more people that can afford these super cars in Oz, but most don't feel the need to have an ostentatious car. I find westerners judge each other more on the type of house they have.

chooka post # 4

There are a lot of filthy rich people in Thailand. I see more expensive vehicles on Thai roads than I have ever seen on Aussie roads.

There are a lot of filthy corrupt people in Thailand. That's why we see more expensive exotically painted vehicles on the road than elsewhere in the world

I thought an auction was bidding and the highest bid won got the prize. Since when can anyone refuse to give you what you would bid on if you won the auction? Truly amazing Thailand!!!

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Auctions can have a reserve price, if not met, then goods not sold

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Auctions can have a reserve price, if not met, then goods not sold

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Well we are talking about cars here which are n most of the world a depreciating asset. Maybe they will sell it next year at the price they want along with all the deteriorating rice.

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Reserved for the customs director

The ironic part here is that in a few months or so, there will be another round of the same,

as nobody will learn anything from that, the shady importers will continue to run the gauntlet,

and the custom guys will continue to confiscate and sell those cars, the eternal and perpetuating

cat and mouse games, Thais like to play.....

Actually I would like to see them changing that Lambo in to police vehicle like they do in Italy to use on the high ways or express ways!

Couldn't they put a better looking girl?

That's why the Lamborghini didn't reach the reserved price.

The concept of a minimum reseved price is standard at auctions, but here's what I don't understand: 1) The cars were confiscated, not bought, so every single Baht is free money 2) The price is the actual value of the car plue tax - if I was wealthy enough to pay this price, why would I then go bid on a (untrusworthy/unknown origin) vehicle rather than go to a dealer and pay the same price?

Edit to add: I would have understood the reserve to be the tax, as that is what the customs department were denied, but the should not receive any money from the car's selling price.

Couldn't they put a better looking girl?

That's why the Lamborghini didn't reach the reserved price.

"Couldn't they put a better looking girl?" That's not a very nice comment to make. Ugly woman (or is it a ladyboy?) have a right to work too!

Couldn't they put a better looking girl?

That's why the Lamborghini didn't reach the reserved price.

"Couldn't they put a better looking girl?" That's not a nice comment to make. Ugly women (Or is it ladyboy?) have the right to work to.

There are a lot of filthy rich people in Thailand. I see more expensive vehicles on Thai roads than I have ever seen on Aussie roads.

That's because you barrack for St Kilda and don't live in Toorak or South Yarra.

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There are a lot of filthy rich people in Thailand. I see more expensive vehicles on Thai roads than I have ever seen on Aussie roads.

Taking a Bentley out in OZ you run the risk of a fifty cent coin being run down the side of the car, HK is the place for luxury cars and the top speed limit is 90 kph on the way to the airport, say's something.

There are a lot of filthy rich people in Thailand. I see more expensive vehicles on Thai roads than I have ever seen on Aussie roads.

Yup, many, many more than most people realize . . . and they even paid 200-300% more than anyone in the West would have done for the same car . . . they have shitloads of money to burn.

At 25 million you could go buy a brand new one tax paid

I thought an auction was bidding and the highest bid won got the prize. Since when can anyone refuse to give you what you would bid on if you won the auction? Truly amazing Thailand!!!

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Not at all - you plainly know little about auctions ...

A person selling anything through auction can set a 'reserve price' - the minimum price the seller expects and the price under which the seller will not go below. This is normal practice and nothing unusual at all. Haven't you ever used Ebay?

Nothing amazing about it at all.

The concept of a minimum reseved price is standard at auctions, but here's what I don't understand: 1) The cars were confiscated, not bought, so every single Baht is free money 2) The price is the actual value of the car plue tax - if I was wealthy enough to pay this price, why would I then go bid on a (untrusworthy/unknown origin) vehicle rather than go to a dealer and pay the same price?

Edit to add: I would have understood the reserve to be the tax, as that is what the customs department were denied, but the should not receive any money from the car's selling price.

Exactly

This car is about £175k in the UK. The bid here was 23mil baht (£500k give or take), I'm not sure what the retail in LOS is on these but surely it can't be much more than that!??

The car is practically worthless as it is! 1. Imported illegally. 2. No records of upkeep from the official lambo mechanics shop. 3. No original receipt. 4. No warrantee. 5. No idea what may have been done to the car inside (mods which may devalue it further). No one would touch this car with a barge pole in the west unless it was being sold for Ultra cheap!! 23mil baht is a &lt;deleted&gt; good price!!

So there are 2 things going on here. 1. Corruption in that they don't want to sell it and it'll disappear into the atmosphere (sold privately behind closed doors or given as a gift). 2. They are complete idiots

it's still stupid...if you have a reserve price of 25 million...why start the bidding below the reserve price in this case 19 million...seems a waste of time...so the first bidders have no hope of getting the car why are they bidding...

more stupid human tricks...

I thought an auction was bidding and the highest bid won got the prize. Since when can anyone refuse to give you what you would bid on if you won the auction? Truly amazing Thailand!!!

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Yet another dig at Thailand. Nothing to do with Amazing Thailand" Anyone selling at auction anywhere in the world can impose a reserve price. If the bidding does not reach the reserve price then the item is withdrawn. Nothing underhand, very simple and totally within the rules.

I dont think they tell the bidders what the reserve price is

There are a lot of filthy rich people in Thailand. I see more expensive vehicles on Thai roads than I have ever seen on Aussie roads.

I think you will find that the car is much more of a vanity item here.

Don't think it is much different than the western world, ok a bit more perhaps depending on which western country. My thoughts if someone is driving a Lamborghini is they don't have it for comfort and family values but for prestige and the 'look at me' syndrome. I remember the very first car I got stood out loudly in the crowd and I did feel a sense of pride driving it.

However, at first everywhere I went it was stared/gawked at whether driving or sitting still. Felt good about it but after awhile become more annoyed and paranoid about being noticed so much, especially by the state troopers.

Auctions can have a reserve price, if not met, then goods not sold

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That's true but why not start the bidding at the reserve price and save time?

I can't understand why so many here drive "Toorak Tractors". (4WD tanks driven by folk from a wealthy Melbourne suburb).

The narrow little sois just outside Chiang Mai city have us all hugging the gutter to let one of these 'tractors' bulldoze through.

What's the betting these things never leave a city road?

At 25 million you could go buy a brand new one tax paid

Not in Thailand. Price for new one, probably between 36 and 40 million.

I thought the whole object of an auction was to get rid of something. To put the value, then add all the taxes, as a minimum seems like defeating the purpose