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Bargains offered at Amlo Chinese tour company seized assets sell-off

PHUKET: Bargain hunters will be quick to take advantage of a mass auction of items seized by the Anti-Money Laundering Office (Amlo) in raids on the now-defunct Tranlee Tour company, which specialised in providing tours to Chinese tourists in Phuket.

culture, Chinese, tourism,


The Phuket News

Friday 2 September 2016, 06:32PM


A total of 151 assets will go under the hammer at an auction at the offices of Phuket City Municipality on Tuesday (Sept 6).

The assets were seized when more than 100 officers including police, military and Amlo officials raided companies operating under the Tranlee Travel Co Ltd network of businesses at Rassada and Koh Siray, on the east side of Phuket Town, on July 6. (See story here.)

The items up for auction, including 33 boats and 57 buses, will be open for inspection to potential bidders on Monday (Sept 5), Almo Secretary-General Chaiya Siriphankul said in a  public announcement..

Among the bargains to be had are brand-new tour buses at starting bids of B1.4 million, older buses at just B800,000.

Starting bids for boats on auction range from B12 million for the fully-fitted Sampaothong 1 cruise tour boat to B450,000 for large tour speedboats right down to just B224,000 for small runabouts.

BIS

For a full list of the items up for auction, complete with photos of the main items for sale, click here.

Potential bidders can inspect the items for auction from 9:30am to 4pm on Monday at the following locations:

  • San Arun Pier on Anuphas Rd
  • Phuket Boat Lagoon in Koh Kaew
  • Jor Jareon Kanrualek Pier, Rassada
  • Kanrua Sikij Pier, Rassada
  • Rattanachai Pier, Rassada
  • Region 8 Police headquarters in Thalang
  • Tranlee Tour office (now closed) on Poonphol Rd, Phuket Town

The auction on Tuesday is scheduled to start at 10am. Registration for the bidding opens at 9am. Bidders must front minimum deposits - by cash or cheque - for items they intend to bid on. The amount varies depending on the value of the item to be auctioned. For a list of the deposits, click here. (Thai language only).

Any assets remaining unsold after the auction on Tuesday will be up for auction again at the Phuket Municipality offices from 10 am on Wednesday, Thursday and Friday (Sep 7-9).

 

 

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Kurt | 04 September 2016 - 21:25:04

Do I get my deposit back if another person bid more and goes home with the object?
As I said, been quite a number of time at art auctions all over the world ( outside Thailand).
I never paid deposits.
Anyway, what is the use of a deposit?
You not get your thing with you before you have paid.

Are there governmental auction laws or private auction rules in Thailand?
Sometimes they mix up things a bit in Thailand.

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Joe12 | 04 September 2016 - 15:38:58

Kurt...Best you familiarise yourself with Auction laws. Deposits are the norm. If they are unusual to you, I suppose they wouldn't take deposits when selling comic books. 

The Phuket News

Christy Sweet | 04 September 2016 - 09:19:13

 A great example of the Thai authorities reeling a big fish in. How many foreigners really abide to the full letter of the law regarding the minority share rules for Co Ltds.?  Very, very few is my observation while officials allow the fry to grow. Almost all use nominees in some way or the other hoping they will evade the long fishing line when it is strung out.  BTW The article does not state what lucky administration will be getting the proceeds- do we know or is it secret? 

The Phuket News

Kurt | 03 September 2016 - 13:54:06

The full list of items contents photo's with thai underwritings.
Seems they not consider foreigners interest to bid/buy?

Bidders must front minimum deposits before the bidding.
Why is that? 
Do I get my deposit back when another bidder get the object?

I have done a bit biddings worldwide ( arts), but never bumped into advance 'bidding' deposits for things I probably not get after all as it is a open public auction, yes?
Quite confusing.

Nice info that unsold items will be auctioned again a few days later.
That will make them cheaper to get.

And, a vessel like Sumpaothong 1 needs at least a 4 day professional inspection + trial sailing trip to make sure you not buy a cat in the bag. 
Thai have not the most eminent records regarding maintenance,  bus accidents proof that almost weekly, for a vessel we may expect the same, to play it safe, as a vessel is not a painting.

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