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Santa Fe’s Fourth Auction of Seized Assets Raises 1.24 Billion Pesos, Sets Participation Record

Officials cast the program as a tool to weaken criminal networks by converting seized assets into public funds.

Overview

  • Held on September 18 at Estación Belgrano, the event drew 3,910 registered bidders from all 24 jurisdictions of Argentina.
  • Organizers offered 157 lots after two withdrawals, spanning vehicles, real estate, jewelry, electronics, construction materials and appliances, with reporters describing strong bidding and high sell-through.
  • Top results included a property in Funes sold for 90 million pesos, a 2023 Toyota SW4 sold for 60 million, a jewelry lot at 19.5 million and the lowest-priced item, a cellphone, at 110,000.
  • The 1.24 billion pesos raised will fund victim compensation, social programs and the operating costs of the Aprad, in line with provincial policy.
  • Officials said the previous three auctions under the current administration raised 2,326 million pesos, taking the cumulative total above 3.5 billion, and they plan a next auction in Rosario in early 2026 with a target of two to three per year.