auction
- 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…
- Business News
1962 Ferrari 250 GTO sells for US$51.7 million at Sotheby’s becoming second most expensive car
A 1962 Ferrari 250 GTO has been sold for a staggering US$51.7 million ( 18.6 million baht) at Sotheby’s in New York, making it the second most costly car ever auctioned. The sleek red vehicle had been held by an American collector for the preceding 38 years. The record for the highest auction price is still held by a Mercedes…
- 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
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,…
- Thailand News
Thai Airways to auction off Boeing 737-400 Airframe via Facebook Live
After reporting a net loss of nearly 3.4 billion baht on revenue in Q1, cash-strapped Thai Airways are continuing their online yard sale in a bid to make some extra money. This time, the airline is auctioning off an entire Boeing 737-400 airframe via Facebook Live on their page TG Warehouse Sale this Wednesday, May 25, at 3pm. A TG…
- 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
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…
- Crime News
Activists try to call off auction for cats confiscated in drug trafficking raid
With pedigree cats worth tens of thousands of baht up for auction by the Narcotics Control Board after being seized in a suspected drug network raid, animal rights activists in Thailand are calling on officials to suspend the auction. The cats, 5 Scottish Folds and a Bengal, were seized last week along with 35 million baht in assets suspected of…
- 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…
- 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…
- Opinion
OPINION: The Phoenix shouldn’t be auctioned off today
The Phoenix is going up for auction today. The auction is being held by Thailand’s AMLO (Anti Money Laundering Office) as the investigation is now complete and the vessel is no longer needed for evidence. Interested bidders have been able to inspect the vessel as it sits at the Rattanachai Shipyard in Phuket. The Phoenix is the boat that sank…
- 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…
