auction
- Thailand News
Finance Ministry to sell 50% stake shares for 30 to 40 billion baht
The State Enterprise Policy Office (SEPO) is set to divest shares held by the Finance Ministry, where stakes are below 50%, over the next four to five years. The sale will utilise a mark-to-market pricing method to ensure fair market value is considered. Tibordee Wattanakul, SEPO Director-General, highlighted the challenges faced in previous attempts to offload these shares. A lack…
- Thailand News
Paws and effect: RTA to unleash 64 ‘unfit’ service dogs in auction
The Royal Thai Army’s Veterinary & Remount Department is rolling out the red carpet for an unusual auction tomorrow in the heart of Nakhon Ratchasima’s Pak Chong district. Some 64 furry recruits are up for grabs, having failed to cut elite service dogs. On the auction block are two prestigious breeds: German Shepherds and Belgian Malinois. Prospective parents can choose…
- Business News
Thailand seeks ITU extension for satellite orbital slot until 2025
Thailand’s National Broadcasting and Telecommunications Commission (NBTC) is seeking a one-year extension from the International Telecommunication Union (ITU) to continue using the 50.5° East satellite orbital slot beyond its expiration on November 27. The request is part of a broader effort to finalise the awarding of rights for two unsold orbital slot packages, including the 142° East slot and a…
- Thailand News
Thai footballer auctions jersey for Chiang Rai flood victims
Thailand international footballer Ekanit Panya auctioned his jersey from the LP Bank Cup 2024 match against Vietnam to aid flood victims in Chiang Rai. The auction quickly garnered attention, with bids reaching 50,000 baht within an hour. The 24 year old football player announced on Facebook at 8.47pm yesterday, September 12, the auction of his Thai national team jersey. He wore…
- Thailand News
Thai woman scammed in Chon Buri fake gold auction (video)
A woman was in tears after discovering the gold she had bid on for hundreds of thousands of baht was fake. The incident was shared by the TikTok user @namobanchangtongdaengso0, who owns a gold shop and posted a warning clip. A woman from Chon Buri brought gold items she had won in an auction to the shop to verify their…
- 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
Would you eat 10 year old rice? Activist demands court intervention
Prominent solo activist Srisuwan Janya approached the Central Administrative Court, seeking an urgent suspension of the Commerce Ministry’s plan to auction off approximately 15,000 tonnes of rice from the scandal-tainted rice pledging scheme of the Yingluck Shinawatra government. In his court petition, Srisuwan highlighted the concerns of numerous rice experts who oppose the auction. They argue that rice stored for…
- 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…
- 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
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…
- 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
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
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…
- 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…
- 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…
