$1 million worth of seized jewellery up for auction

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One million dollars worth of luxury jewellery is up for auction, discounted by up to 75 per cent. 9News

A Cartier diamond bracelet worth more than $15,000, a Tiffany pendant that retails for $7,000 and a Bvlgari watch that sells for more than $42,000 brand new.

The luxury goods have all been seized by Australia Federal Police after being deemed proceeds of crime.One of the most sought-after items is this Cartier Love Bangle with diamonds. It retails for $15,200, but is expected to sell for between $4,000 and $6,000. Bidders can register their interest, and view the items

 

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Jewelry still overpriced at the discounted prices. Its whats wrong with the world. People paying premium prices for a name.

Grouse. I reckon I’ve got a spare $250 k lying around somewhere. “News”? Really?

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