Frozen banks' vehicles go for Rp 6b<\/p>\n
JAKARTA (JP): A two-day auction of cars and motorcycles seized
\nby the government from suspended banks raised Rp 6 billion
\n(US$800,000), far exceeding the Rp 5 billion target.<\/p>\n
Managing director of privately owned auction firm PT Balai
\nLelang (Balindo), G. Gunawan, said the proceeds included Rp 2.1
\nbillion on the auction's final day on Wednesday.<\/p>\n
Twenty-eight cars and 41 motorcycles were auctioned on
\nWednesday, and 55 cars went on the block on Tuesday at the firm's
\nwarehouse on Jl. Rawa Gelam in the Pulogadung industrial estate
\nin East Jakarta.<\/p>\n
\"I'm pleased that the proceeds of the auction exceeded our
\ntarget,\" Gunawan said.<\/p>\n
Balindo receives 3 percent of the proceeds, he added. An
\nestimated 1,200 people attended Wednesday's auction.<\/p>\n
About 500 of the participants were interested in bidding on
\ncars, and the remainder in the auction of the motorcycles.<\/p>\n
Fourteen Suzuki Baleno sedans, 12 Great Corolla sedans, Suzuki
\nEscudo jeeps and a Toyota Starlet sedan were among the vehicles
\nsold in the first session beginning at 10 a.m.<\/p>\n
Bidding on a Suzuki Baleno sedan opened at Rp 40 million and
\nit sold for Rp 70 million.<\/p>\n
Motorcycles sold for between Rp 4 million and Rp 7 million,
\nwith bidding opening at Rp 2 million.<\/p>\n
The lots were among 83 vehicles belonging to Hokindo Bank,
\nCentris International Bank and publicly listed Bank Surya which
\nwere suspended by the government in April.<\/p>\n
Meanwhile, housewives predominated among the dozens of people
\nwho crammed the auditorium of state-owned pawnbroker Perum
\nPegadaian on Jl. Kramat Raya, Central Jakarta, to participate in
\nthe second day of an auction of 115 items of gold jewelry.<\/p>\n
A member of the auction committee, Deddy Kusdedi, said about
\n90 percent of the items -- totaling 3.2 kilograms -- had sold for
\nRp 180 million by 5 p.m. on Wednesday.<\/p>\n
The auction continued into the evening because many people
\nwere still interested in participating, said Deddy who is also
\nthe pawnbroker's operation director.<\/p>\n
Tentative proceeds exceeded the sales target of Rp 172.5
\nmillion for all the jewelry, which was offered at Rp 70,000 per
\ngram.<\/p>\n
On Tuesday, 96.75 kilograms of gold bars and scraps were sold
\nin the auction to a gold trader named Ho Budi. The auction
\nrequired a guarantee bond of Rp 3 billion from each of the six
\nparticipants.<\/p>\n
The gold was collected from public during the \"I Love Rupiah\"
\ncampaign earlier this year. (jun)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/frozen-banks-vehicles-go-for-rp-6b-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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