auction
- Thailand News
Seized cars drive Thai social media wild as auction lot goes viral
A parking lot filled with seized vehicles, ranging from pickup trucks to motorcycles, awaiting auction went viral on social media today. Vehicles, both old and new, are being auctioned at starting prices as low as 3,000 baht for cars and 100 baht for motorcycles. However, buyers must handle overdue taxes, fix damages and manage repairs by themselves. Images of the…
- Thailand News
Army dog auction to feature trained military dogs
The Army Dog Centre is set to open bidding for 66 well-trained but test-disqualified military dogs on July 6. The auction will feature Labrador Retrievers, Belgian Malinois, and German Shepherds at the Army Dog Centre in Nakhon Ratchasima. Details have been gradually released on the Army Dog Centre’s Facebook page, revealing the initial bidding prices for the latest 10 dogs.…
- Thailand News
Rice to the occasion: Decade-old rice sold for a steal
V8 Intertrading Ltd from Kamphaeng Phet Province triumphed in the high-stakes bid for 15,000 tonnes of decade-old jasmine rice. This controversial stock, a remnant of Yingluck Shinawatra’s scandal-ridden rice-pledging scheme, has been secured by V8 Intertrading for an astounding 286 million baht, averaging 19.07 baht per kilogramme. The Thai Rice Mills Association yesterday listed the price of 100% jasmine rice…
- Thailand News
Seven bidders cleared for auction of 15,000 tonnes of rice
Seven potential bidders have been cleared to participate in the auction of 15,000 tonnes of rice remaining from the Yingluck Shinawatra administration’s rice-pledging scheme. Deputy Prime Minister and Commerce Minister Phumtham Wechayachai yesterday confirmed that the auction for this last stockpile will proceed as planned on June 17. Eight companies showed interest and submitted documentation to verify their qualifications earlier…
- Thailand News
Panel to auction 15,000 tonnes of rice from Yingluck era
A dedicated panel has been established to manage the auction of 15,000 tonnes of rice remaining from the contentious rice-pledging scheme initiated during former Prime Minister Yingluck Shinawatra’s tenure. This announcement came from Commerce Minister Phumtham Wechayachai. The panel is set to draft the terms of reference (ToR) for the auction, with completion expected by the end of this month.…
- Thailand News
Ten-year-old rice auction resumes after safety tests
Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce, announced the continuation of the 10-year-old rice auction after private lab tests showed no contamination. The Public Warehouse Organisation (PWO) has been instructed to expedite the process meticulously. Phumtham yesterday shared that private tests conducted by a leading company found no carcinogens or residue from fumigation in the rice. This follows…
- Business News
Bangkok’s BAM anticipates drop in bad debt auction prices in 2024
Bangkok Commercial Asset Management (BAM), a prominent player on the Stock Exchange of Thailand (SET), anticipates a decrease in auction prices for bad debt sales in 2024 due to a rising supply amid economic sluggishness. The financial institutions are expected to face increased challenges with the escalation of distressed debts, influenced by depreciating auction prices for both non-performing loans and…
- Thailand News
Paws and ponder: Annual military dog auction raises tails in northern Thailand
Curiosity piques as the Department of Military Animals at the Army Canine Centre in Pak Chong, Nakhon Ratchasima unveils its annual spectacle, the military dog auction. Dog lovers and curious minds are in for a treat as we unravel why these heroic canines end up on the auction block. Contrary to popular belief, these military dogs aren’t rejected. Instead, they…
- World News
Coin collector’s dream: UK 20p coin sells for 1,000 times face value in eBay bidding frenzy
A rare United Kingdom 20 pence coin fetched a price 1,000 times higher than its face value. The coin was auctioned on eBay, triggering a bidding war that lasted for a week and ended with a final price of 232 pounds (10,350 baht). On September 11, the Daily Star reported on the extraordinary auction on eBay. The coin in question,…
- World News
1200 baht flea market porcelain bowl fetches 25 million baht at Sotheby’s auction
A man’s US$35 (1240 baht) flea market find turned out to be a treasure worth a staggering 20,600 times more. A small porcelain bowl signifying Chinese art purchased for a modest price in New Haven, Connecticut in 2020 was recently auctioned off by Sotheby’s, fetching an exponentially higher value. As per Sotheby’s, the man, whose identity remains undisclosed, acquired the…
- World News
Centuries-old Chinese heritage bowl fetches 9.8 million baht at UK auction
An English woman chanced upon a highly valuable “heritage bowl” while cleaning her house. The dish, which had been sitting on a mantelpiece for many years, turned out to be a heritage piece from the last Chinese dynasty, sparking a riot among bidders and fetching a shocking sum of money. The woman, while cleaning her house, come across the ornately…
- World News
Man turns 1,700-baht online auction chair into 3 million baht jackpot after designer discovery
In an extraordinary turn of events, Los Angeles resident Justin Miller unknowingly discovered a highly valuable Danish designer chair while browsing an online auction site. He bought it for just 1,700 baht (US$49) and sold the item for an astounding 3 million baht (US$86,500) to an eager collector. Miller stumbled upon an online auction listing featuring the broken-down, leather-covered chair,…
- Events
Birds seized by police during drug raids auctioned off
Yesterday, birds seized by police during drug busts were auctioned off at an event held at Rajamangala University of Technology’s campus in Hua Hin, Prachuap Khiri Khan province. The stars of the show were 6 South American blue-and-yellow macaws which sold for over 500,000 baht collectively. The event marked the first ever official bird auction in Thailand. A total of…
- Crime News
Pedigree cats seized in drug raid find new home with “cat lady”
A cat lady has taken in 6 pedigree cats who were auctioned off yesterday after their owner was arrested in a drug raid. The auction proceeds went to the Narcotic Control Fund, which organises drug raids. The 6 cats, consisting of 5 Scottish Folds and 1 Bengal breed, were sold to Nutch Prasopsin, who owns a Facebok fan page called,…
- Crime News
6 cats up for auction after owners in drug raid, proceeds go to Narcotics Control Fund
6 cats in Thailand are up for auction after their owners were involved in a drug raid. Thailand’s Office of the Narcotics Control Board says, according to the law, the cats are considered living assets, and must be put up for auction. Secretary-General of the Office of the Narcotics Control Board, Wichai Chaimongkol, explained that the felines were confiscated, along…
- Crime News
Man who buys truck from auction finds 20 kilograms of crystal methamphetamine inside
A man who bought a truck from a Bangkok auction site got a hefty surprise after finding 20 kilograms of crystal meth (ice) in a secret compartment when he went to install a new audio system. He says the drugs were bundled in gold wrapping when he discovered them and immediately returned the truck to the auction in the Bang…
- Thailand News
Cats seized in suspected drug network raid in Rayong to be auctioned off
Assets seized by police from criminal networks, which are then auctioned off to the public, usually include furniture, cars and sometimes land and property. Today, police seized 6 cats along with 35 million baht worth of assets suspected to be related to a major drug network in Rayong. The cats are set to be auctioned off by Thai police. One…
- Transport News
Phuket’s most expensive car number plate is ‘9999’ costing more than 700K
FILE PHOTO Following the auction for car license plates organised by the Phuket Land Trasport Office over the weekend, it’s been revealed that the number 9999 got the highest bid at 710,000 baht. This year’s auction was for the ‘ขก’ category, which represents ‘treasure, virtue and fortune’, and there were 301 numbers available. The Chief of Phuket Land Transport, Banyat…
- Phuket News
Phoenix still up for grabs in Phuket – AMLO still seeking a buyer
The Thai Anti Money Laundering Office is still trying to auction off the Phoenix, the 30 metre tour boat that sank in July 2018, causing the drowning of 47 Chinese tourists off Phuket’s south east coast. A meeting was held by AMLO officials at the Phuket Provincial Hall this morning to discuss the auction of the boat. Starting bid is 900,000…
- Crime News
‘Phoenix’ fails to attract any bidders at auction. Sits rotting in Phuket boatyard.
Last month’s auction to sell Phoenix, the tour boat that capsized causing the drowning of 47 Chinese tourists on July 5 last year, has failed to secure a buyer. Meanwhile the cursed vessel sits gathering dust and accumulating storage fees of 100,000 baht per month at the Rassada boat yard in Phuket. The boat went up for auction last month…
- Phuket News
AMLO seizes ‘Phoenix’, plans to sell by auction
The Anti-Money Laundering Office (AMLO) has seized the ‘Phoenix’ which will now be sold by auction. The Thai Immigration Bureau Chief, Lt Gen Surachate Hakparn, has already confirmed that many aspects of the ‘Phoenix’ design and operation were substandard. The issues which made Phoenix illegal and substandard are mostly fixable, including proper marine-grade glass, marine-grade propulsion, proper bulkhead doors, ballasting and approved…
