Thailand auctions seized supercars

BANGKOK: Luxury vehicles up for auction are on display in a lot at a Thai customs property in Bangkok yesterday.—AFP

BANGKOK: Thai customs officials sold off hundreds of seized luxury vehicles yesterday, including dozens of supercars- although many lots were removed last minute after it emerged they were stolen from abroad. Thailand’s role in the global grand theft auto trade has received fresh attention in recent weeks after British police said dozens of stolen supercars had been whisked to the Southeast Asian kingdom.

Police in Bangkok have since launched a crackdown, seizing dozens of illegally imported vehicles, including at least seven stolen from Britain, and arresting a handful of car dealers. The country places a more than 300 percent tax on top-end vehicles-a surcharge that investigators say fuels a lucrative black market aided by corrupt buyers, dealers and government officials. Thailand’s Customs Department holds an annual auction for vehicles seized in criminal cases.

Yesterday buyers raised bids for a variety of gleaming sports cars, from Ferraris to Aston Martins, Lamborghinis as well as luxurious Rolls Royces and Bentleys. Most were confiscated for being illegally smuggled or because owners had tried to avoid paying the full import tax, while others had been seized from drug gangs and other criminals. But 95 cars were pulled from the auction sheet in the weeks running up to the bid after checks showed they were stolen from overseas and did not belong to the Thai state.

Deputy Customs Department spokesman Kreecha Kirdsriphan insisted the oversight was an innocent mistake.”When we discovered that those cars were stolen in those countries, we moved them out from the auction list,” he said. Most of the stolen vehicles came from Britain, Malaysia, Singapore and Japan, all countries that drive on the left-hand side of the road like Thailand. Among the vehicles removed was a McLaren 650s supercar with a starting price in the auction of 30 million baht ($880,000). British police contacted Thai officials to say it had been stolen from the United Kingdom, Kreecha said.
Even without those vehicles, the Customs Department hopes to make some $14.6 million from around 300 cars going under the hammer in yesterday’s auction. The Customs Department is then able to use the funds in their own budget. The most expensive car on the list yesterday was a bright red Ferrari California with a 20.6 million baht ($604,000) starting price but that proved too expensive for bidders who made no offer above the reserve price.

The vehicle has a base price of around $235,000 in the United States. One man, who put up a winning bid of $385,000 for a Rolls Royce Phantom, beamed as promotion girls in monochrome dresses and high heels handed him the keys to his new car. While Thailand’s economy has been slumping in recent years, its billionaire class is doing just fine and gleaming supercars remain a common sight on the streets of Bangkok-even if they spend much of their time crawling along the city’s gridlocked streets.-AFP

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