Dealers said even if buyers had the cash, they cannot just walk into shops and buy these highly sought-after items. Read more at straitstimes.com.
SINGAPORE - A $250,000 Hermes Birkin bag and a rare Patek Philippe watch that costs over $7 million on the resale market are said to be among the itemsThree industry experts, and those who own businesses reselling such designer goods, said these luxury items are not easily bought.were arrested in an anti-money laundering operation. Cash and assets of about $1 billion were seized, frozen or issued prohibition of disposal orders, which mean they cannot be sold.
One watch in the collection appeared to be a Sky Moon Tourbillon by Swiss luxury watch manufacturer Patek Philippe and can cost over $7 million on the resale market. PHOTO: SINGAPORE POLICE FORCE A watch, believed to be a Richard Mille RM 07-02 with a sapphire case , is estimated to cost around $2 million on the resale market. PHOTO: SINGAPORE POLICE FORCE
The watches in this collection, which were seized by the police in their anti-money laundering raid, are estimated to cost around $30 million. PHOTO: SINGAPORE POLICE FORCE One bag appears to be a specially made Hermes Birkin with matte alligator skin and brushed gold hardware, said the owner of a luxury bag resale business here.What looks like an Hermes Himalayan Birkin, a much sought-after item by many collectors, can also be seen on the shelves of the suspects.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VinFast's new sales approach has US car dealers cautious but interestedVietnamese electric-vehicle maker VinFast, which made a splash this week when its shares debuted on the Nasdaq, has stirred a mix of caution and interest among dealers with a recent change in how it will distribute its cars in the U.S. market.The carmaker, which has shipped nearly 3,000 vehicles to North
Read more »
Taiwan's antique jade dealers see trade losing lustreTAIPEI: Tracing a palm-sized jade pig resting on its haunches, an antique trader in Taiwan said the ears on the nearly 400-year-old piece are a marker of its authenticity. 'The folds in the pig's ears show the handiwork, the ancient handicraft' of the Ming dynasty (1368-1644), said the 60-year-old trader,
Read more »
Tudor and Cortina Watch unveil Spirit of Daring Adventure exhibition at Paragon SingaporeThose interested in exploring The Spirit of Daring Adventure exhibition by Tudor and Cortina Watch can also secure guided tour slots.
Read more »
Alternative meat companies pivot to premium products amid fast-food demand declineAlternative meat companies are turning their attention towards creating premium products for the fine-dining sector amid a global decline in demand for plant-based fast foods. Wagyu 'beef' and lab-grown fish maw are among the items being served up. Chloe Choo with more.
Read more »
Regional security concerns accelerated ties among Japan, South Korea, US: AnalystsObservers said the Camp David summit will set the stage for diplomats from the three nations to meet more frequently to coordinate policies and defence responses across the region.
Read more »
Police seize cars, watches, Louis Vuitton bags, wine, and millions in cash as 10 foreigners arrested for money launderingSingapore’s largest anti-money laundering operations, with over 400 police officers, carried out raids at multiple locations, including Good Class Bungalows (GCB) and condominiums, which resulted in the arrest of the ten money launderers
Read more »