€500k worth of seized designer and luxury goods to be auctioned off

A unique way to nab a Christmas shopping bargain.

Around €500,000 worth of designer and luxury goods seized by Irish law enforcement are to be auctioned off next week. Wilsons Auctions, the largest independent auction company across Ireland and the UK, has been instructed by the Criminal Assets Bureau (CAB) to auction over 100 seized goods from 1 December. The items listed in the auction catalogue were seized under the Proceeds of Crime Act and include a "large selection of luxury and designer goods". Appearing on Today with Claire Byrne earlier in November, CAB's Chief Bureau Officer Michael Gubbins said the goods on offer are "somewhere with the retail value of about half a million euro, of which about 50 are watches".

€500k worth of seized designer and luxury goods to be auctioned off

Wilsons Auctions lists the items being sold as the following:

"An extensive range of popular and waitlist watches include various Rolex Submariners, Rolex Datejusts, an 18ct Gold Cartier Santos 100, two Limited Edition Audemars Piguet Royal Oak Offshores, a Hublot Big Bang, Rolex Daytonas, a Breitling Navitimer, a Tag Heuer Ladies Formula 1 as well as brands including Gucci and Raymond Weil. "For those who have a taste for fine jewellery, the auction offers numerous diamond rings, a 14ct White Gold Necklace, 14ct White Gold Bracelets, Diamond Earrings and a 18ct Gold Cartier Love Bracelet. "A selection of Chanel and Louis Vuitton handbags are amongst other designer items including jackets such as a Moncler Two-Tone Harry Giubbotto Jacket and a Canada Goose Langford Parka Heritage Jacket. To complete your outfit, bidders will find Louis Vuitton sunglasses and Louis Vuitton belts in the auction catalogue. "Gold bars are also listed amongst the luxury and designer items, available to bidders in 1-ounce packages."

Presented in a timed online auction and open to the public, the auction will start on Friday, 1 December at 1pm. It is said that registered bidders will have a lengthy window of opportunity to bid online before the auction closes from 1pm on Monday, 4 December. Wilsons Auctions’ Director and Auctioneer, Ricky Wilson, said: “We are delighted to be managing the sale for CAB. "Wilsons Auctions is well known for dealing with seized goods... This is an ideal opportunity for bidders to get their hands on Christmas gifts." All the money raised from the auction will be paid directly back into the state. Interested bidders can view the full auction catalogue and further information by visiting Wilsons Actions' website here. On the site, individuals can also register to bid. Read more:

• Temperatures set to plummet to below freezing in the coming days
• An emotional Patrick Kielty has one message for those tuning into next week's Toy Show
• This is how much Ryan Tubridy could be earning a year in new UK radio job
• Number of paid sick leave days will increase from January 2024
• Gary Lineker on the Ireland legend he "used to hate playing against"