Czech state auctions seized luxury watches and electronics

The Office for Government Representation in Property Affairs (ÚZSVM) has announced new auctions for assets seized or inherited by the state. The inventory includes a diverse range of items such as luxury watches, vehicles, and electronics.

Notable items in the auction include IWC Porsche Design men's watches and a Rolex Submariner Date 'Kermit' model, which has a starting price of 240,000 CZK. Electronic goods are also available, including a new iPhone 15 Pro Max with an intact seal, valued at 20,000 CZK, and a used Xiaomi Redmi Note 12 Pro.

Some of the assets, such as the iPhone, were forfeited to the state following a ruling by the District Court in Olomouc.