A Bentley saloon worth £100,000 is among luxury items seized by the Government that will be up for sale for a fraction of their cost.
The haul of high-end items, which includes designer watches, clothes, and jewellery were will go under the hammer at Wilsons Auctions in Newport next week.
The latest Unreserved Government Auction features goods seized following investigations by police as well as the National Crime Agency (NCA).
Property with a combined guide price of £1,075,000 will also be up for grabs for lucky bidders.
A Bentley Mulsanne V8 Auto, estimated to be worth £100,000, will be on offer as a flagship lot sold with no reserve.
The NCA said the car was recovered following an eight-year civil recovery investigation into alleged money laundering.
It was seized by the National Crime Agency
What else is on offer?
You could also grab yourself a bargain Rolex watch
(Image: Wilsons Auctions)
Bidders will also have the opportunity to purchase Rolex, Breitling and Cartier watches and designer shoes from Christian Louboutin, Jimmy Choo, Barker and Giuseppe Zanotti.
Clothing labels on offer include Versace, Moncler, Prada and Chanel.
As well as luxury goods, the auction house will also be holding their Government Property Auctions.
This features lots such as a three-storey, four-bedroom semi-detached townhouse in Norwich with a guide price of £225,000.
This Suzuki GSXR will be up for sale
(Image: Wilsons Auctions)
Another terraced property in Potters Bar, Hertfordshire, is on offer with a guide price of £345,000.
Two properties in south Wales will also go under the hammer: A spacious three-bedroom bungalow in Swansea and a three-bedroom mid terrace in Aberdare.
Their guide prices are listed as £150,000 and £65,000 respectively.
The auction will take place at 7.30pm on Wednesday, June 12.
For details of all the lots, visit the Wilsons Auctions website .
A government auction is an auction of goods which have been confiscated by various Government bodies and agencies.
These can include the police, HM Customs and Excise and bailiffs, but also liquidators, executors and even lost property departments.
The items could be bankrupt stock, items seized under the Proceeds of Crime Act or liquidated assets.
HM Customs and Excise often enter items for auction seized from smugglers, fraudsters and racketeers. Executors may enter the assets of individuals dying without leaving a will or in debt.
Bailiffs will enter goods into auctions which have been seized for various reasons such as non-payment of bills or failure to keep up payments to finance companies.
Each year, millions of pounds worth of items are either seized or confiscated by or on behalf of various Government organisations and sold at auction.
The Proceeds of Crime Act allows for a court to confiscate items that a criminal can’t legally account for. Items that can’t be returned to their legal owner are auctioned off at local auction houses all over the UK.
Police auctions are used by forces across the country to dispose of proceeds of crime, or goods which are lost and found or seized.
Wilsons Auctions’ Government Sales Coordinator, Michael Streight said: “This month’s Unreserved Government Auction in Newport will not disappoint with the highlight of the evening being a Bentley Mulsanne.
“Along with this, we have a number of bling items from Rolex watches and Christian Louboutin shoes to designer handbags, sunglasses, belts that will appeal to everyone and not to mention the variety of property that will be going under the hammer.
“With the auction available to both physical and online bidders it is open to a worldwide audience and gives customer the chance to purchase quality goods for an affordable price.
“Wilsons Auctions plays an important role in realising any type of asset on behalf of our government clients which has seen us responsible in returning £100 million back into the public purse in recent years.”