NewsCrime Desk

Supercars and gold bars up for grabs at no-reserve Irish crime auction

Crime DeskBy Morgan Flanagan Creagh
Supercars and gold bars up for grabs at no-reserve Irish crime auction

Prestige cars, luxury watches, jewellery, and lots of gold are going under the hammer at Friday’s repossession auction in Mallusk, Co Down.

Millions of euros worth of gold and jewellery, which were seized from a jeweller who had been smuggling the precious metal from Dubai, will be up for grabs.

The jeweller, Chaudry Ali of Middlesex, who was jailed for nine years, has four months to repay £4.3million or he will face an additional 10-years in prison and will still owe the money upon his release in 19-years time.

Aidan Larkin, Asset Recovery manager for Wilsons Auctions in Mallusk, said: "We're delighted to be entrusted with the sale of the gold."

"After a very complex international investigation, we are delighted to be playing our part realising the assets and putting money back into the public purse.

"The first auction features everything from 24ct 500g Gold Bars to loose 22ct jewellery with something to suit all buyers and budgets."

The public can start bidding at midday tomorrow, details here

Here are some of the crime repossessions up for grabs this week.

Fancy some gold?

1 kilo of 24 carat gold, which is worth around £25k (€34k)

500g of 24 carat gold valued at £12,242 (€16,970)

250g bar of 24 carat gold valued at £6,000 (€8,485)

How’s about a new timepiece?

Backes and Straus Regent Two Rows18ct White Gold Wristwatch on Crocodile strap worth £50k (€69k)

Rolex 18ct Rose Gold Daytona Chronograph with Chocolate dial worth £19,670 (€27k)

Hublot Big Bang Steel and Ceramic Chronograph with Rubber strap and original Diamond set worth £22,670 (€31k)

Gents Bi-Metal Rolex Oyster Submariner with Blue Dial & Bezel and Oyster Bracelet worth £8,950 (€12k)

Or maybe you’d prefer a little bling

Gents Platinum Ring with 2ct Centre Diamond and 135 brilliant Cut Diamonds set on shoulders. Independent Valuation: £19,500 (€26k)

18ct White Gold half set Diamond Eternity ring set with 12 Baguette Diamonds Approx Diamond Weight: 0.75ct Total Weight: 4.4g

18ct White Gold Diamond set Flower shapedJewellery suite containing Pendant necklace, ring and pair of Earrings Total Weight: 36.2g

Chopard 18ct yellow Gold Happy Diamond pendant and belcher chain with one Floating Diamond Serial No. 3118266 Diamond Weight: 0.05ct Cost New: £770 With Certificate

22ct Asian Gold Necklace & Earring Set - XRF Tested Total Weight: 100.8g

If none of that is to your liking, perhaps a 4.5 litre Ferrari 458 Coupe Italia will be to your taste, valued at over £100,000.