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Seized Luxury and Equipment Hit the Block in Lyon as France Expands Asset Auctions

Low opening prices aim to convert illicit goods into public funds quickly.

Overview

  • At the Lyon Court of Appeal on October 2, roughly 200 confiscated items opened at a combined €1 million as authorities said they hoped to double that total.
  • Luxury cars were listed well below market value, including a model valued around €110,000 with a starting price of €40,000.
  • The priciest lot was an industrial aerial platform set to open near €120,000, with an estimated value close to €200,000.
  • Proceeds are designated to replenish state finances and compensate victims, with AGAR overseeing assets and Actalliance running the sale.
  • A separate Toulouse auction the same day saw a Rolex Daytona sell for €28,800 amid strong in-room and online bidding, with revenue directed to the state and anti-drug initiatives.