Low turnout for 2nd Tranlee asset auction

[snoop1130]

Low turnout for 2nd Tranlee asset auction

Kritsada Mueanhawong

 

 

PHUKET:-- A second round of auctioning off assets seized from the defunct Tranlee Travel Co at the Phuket Municipality office yesterday attracted little interest from potential buyers.

Back in September, more than 150 assets confiscated from the travel company by the Anti-Money Laundering Office (AMLO) fetched 102,742,000 baht over three days of auctions, after the company was found to be operating illegally and subsequently shut down (story here).

The latest auction, which was initially scheduled to be held November 1-4, saw 39 remaining items go under the hammer. Only 12 of those items were sold, raising just over 15 million baht, prompting the organizers to cancel the remaining three days of secondary auctions.

 

Full Story: http://www.phuketgazette.net/phuket-news/Low-turnout-2nd-Tranlee-asset-auction/65804?desktopversion

 

-- © Copyright Phuket Gazette 2016-11-02

[Brer Fox]

If the remaining 27 items remain unsold they then become the property of the government. Is it to be assumed that to assist the government some caring official will step forward and offer to take store and maintain these assets at his own expense? Then probably after about ten years when it will be finally decided what to do with them nobody will have any recollection who that generous person was or where they might be "stored".

[elgordo38]

18 hours ago, Brer Fox said:

If the remaining 27 items remain unsold they then become the property of the government. Is it to be assumed that to assist the government some caring official will step forward and offer to take store and maintain these assets at his own expense? Then probably after about ten years when it will be finally decided what to do with them nobody will have any recollection who that generous person was or where they might be "stored".

Very cunning and intuitive Brer Fox. I imagine a lot of the items had imaginary sold signs on them prior to the sale. Could be the reason for the low turnout. Selling used items is not what it used to be. People prefer to borrow money from the bank and buy new its more glitzy and has a higher status ranking. Buying used is so blase today. Besides governments have made money so cheap and of course by doing so they want you to be a good little consumer regardless of whether you go bankrupt or not. Thats immaterial. For God and country and foremost big business. 

[stevenl]

14 minutes ago, elgordo38 said:

Very cunning and intuitive Brer Fox. I imagine a lot of the items had imaginary sold signs on them prior to the sale. Could be the reason for the low turnout. Selling used items is not what it used to be. People prefer to borrow money from the bank and buy new its more glitzy and has a higher status ranking. Buying used is so blase today. Besides governments have made money so cheap and of course by doing so they want you to be a good little consumer regardless of whether you go bankrupt or not. Thats immaterial. For God and country and foremost big business. 

" I imagine a lot of the items had imaginary sold signs on them prior to the sale." No.

[bokningar]

The first article about this told us (see below) had a time plan and an sound idea how to continue.

“We will again discuss with the committee what we will do with the unsold items, perhaps we will adjust the prices for these items for when we hold the third auction in two months time,” he said.

 

But now it is

“The committee will decide over the next couple of months whether to hold another auction or not. If there is no more interest, then the assets will be handed over to the government,” he said. 

 

Maybe the National Anti-Corruption Commission (NACC) need to keep an eye on the Anti-Money Laundering Office (AMLO) 

I hope some reporter will give us an update on this story